engtraderfx Posted October 4, 2009 Report Share Posted October 4, 2009 Hi everyone, I have a general question for anyone interested in chipping in about overall trade management. Its not something discussed much here. As background, I have a concept in mind about developing a risk management module in form of an expert advisor whose function is to calculate various account performance & risk criteria that can then be referenced by individual experts (via global variables). I have heard of people using a 'master' expert which I assume is this kind of thing. I think this is important now with the number of expert we are running (ie at least 10 or more), often many with similar strategies (mainly thinking scalping here) & sometimes doubling up on currencies eg dragon, fapturbo, megadroid etc all do pretty much the same thing. At a basic level we could just program some things into individual EA's (like max no posn's, max same pairs open etc) but seems a large duplication of processing time. I know the most basic method is just setting every ea risk very low, but there could be benefit in smarter account management. So generally I was wondering does anybody bother looking at their total risk in terms of total max loss exposure, margin usage, no positions open etc, equity gain / loss per day / week etc. Some metrics I am thinking of calculating in either real time (tick) or other (eg X min) are: - total exposure (max loss of all open positions at stop loss) - total margin utilized vs max limit - no of total positions - no of same pairs open - no of correlated pairs open - equity profit / loss per day / week / month Then the ultimate idea would be to create global variables of these metrics with limits that each EA much check to allow a trade. Any other ideas welcome... Chrs, Dave Quote Link to comment Share on other sites More sharing options...
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