Can someone create this script/EA for Money Management?

Hello,

A friend of mine had the idea to introduce rules of Money Management in a script or EA to do everything automatically.
Is a useful tool that could use the workspace of traders, both beginners and advanced.

First, I want to know if there smart programmers who can do it. It's purpose is to verify validity or invalidity of a strategy for the long term.

Only Money Management !

Two problems:

1. Money management in itself can not provide an edge. To be profitable, you need to make positive pips from your entries and exits.

2. Many EAs have different MM options built into them. MM determines the size of the trade that is to be placed. Given that it is integral to an overall trading methodology, it makes no sense to me to calculate it in an external script. Moreover, it is not possible within the MQL4 language to have an EA call another EA or script (apart from iCustom).

The big problem is that you underevaluate the importance of Money Management.

I'm still waiting for someone who can help me with this script or EA .

Thank's

If I understand what you've written in your document, you are talking about:

(i) fixed fractional sizing (risking a fixed % of your account per trade) — sangmane's visual order plug-in is one of many EAs that allows this. I agree that consistent position sizing is important.

(ii) splitting a trade up into 5 different orders. I've written a commercial product that will do this, but I've nonetheless satisfied myself that scaling in/out in itself can at best provide smoothing of income; it's ultimately the placement of entries and exits that provides any kind of an 'edge'.

Anyway, I'm not trying to bash you. I hope that you can find a programmer who will help you.

Thank you