Trading utilities for MetaTrader 4

Here you will find many programs for the MetaTrader 4 trading platform, which save the trader from routine operations and help him concentrate only on the really important things

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MetaTrader 4

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Risk Controler

300.00 USD255.00 USD

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MetaTrader 4
Georgii Garanin


Risk controller is a tool allowing you to automatically control orders, losses and emotionally motivated actions.

Main advantages

  1. Limitation of the total account loss. When the MinimalDepo value is reached, any trade will be closed.
  2. Limitation of losses per day.
  3. Limitation of losses in each trade.
  4. If a trade is accidentally opened with a large volume, the excessive volume is closed.
  5. Set the maximum number of trades opened at a time.
  6. Set the number of consecutive unprofitable trades.
  7. Set the maximum allowable number of trades per day.
  8. Send notifications to Email or MetaQuotesID.

Priority of parameters - from top to bottom

  • MinimalDepo – in the account currency. If the balance falls below this value, trading is blocked completely until the balance or this parameter changes.
  • RiskOnDay – in the account currency. Calculated relative to the account balance at 00:00 (broker time).
  • RiskPerOrder - in the account currency. Risk per trade.
  • MaxLot – volume. When a trade is opened with a larger volume, partial closing occurs.
  • MaxOpenTrades – the maximum number of trades opened at a time.
  • MaxOpenedTradeOn1Sym – the maximum number of trades opened on one instrument at a time.
  • OnlyOpenedOrders – if true, only opened trades are considered and pending orders are ignored.
  • MaxLoseTradeInARow – the number of consecutive unprofitable trades per day.
  • MaxLoseTrades – the number of unprofitable trades per day.
  • MaxTrades - the maximum number of trades per day.
  • Slippage – slippage when closing a trade by market.
  • TypeAlert - type of notifications.

When closing a trade, Risk Controller logs the reason for closing and the ticket. The main parameter is specified as the reason for closing. For example: "Current balance is lower than Minimal Depo. Reason - MinimalDepo."

Please note: if several conditions are fulfilled simultaneously, the closing and notification will be performed according to the parameter with the highest priority.

A parameter check can be disabled by setting a zero value.

If the settings are incorrect, all trades are closed, both current and new ones.

Example of the robot operation: Balance = $952, MinimalDepo = $950 and RiskOnDay = $5. After a loss of $2, the balance will be equal to $950. Despite the face that RiskOnDay of $5 has not been reached yet, MinimalDepo has a higher priority. Open orders will be closed, pending orders will be deleted, new orders will be closed due to the reached MinimalDepo.

Risk Controller can work 24/7 If this important for you, rent VPS-server!

Try for free on CADCHF


If for any reason you do not like the purchased program, you can request a refund within 30 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email:

Refund requests received more than 30 days after purchase will be rejected.

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.