I did some research for a risk manager which would help me manage running the trades, unfortunately haven't found any auto tool.
Does anybody happens to know if it exists here or somewhere else?
I'd be happy if it could manage my predefined risk per all open trades.
Eg. if my total risk is 3% it would let only 3 trades to be open at the same time with 1% risk each.
Once one of them is closed, it's allowed to open another trade risking 1%.
Also if a 3% has been reached (say 3x SL hit), no more trades can be open.
Any info appreciated.
Does anybody happens to know if it exists here or somewhere else?
I'd be happy if it could manage my predefined risk per all open trades.
Eg. if my total risk is 3% it would let only 3 trades to be open at the same time with 1% risk each.
Once one of them is closed, it's allowed to open another trade risking 1%.
Also if a 3% has been reached (say 3x SL hit), no more trades can be open.
Any info appreciated.