About RiskNtmPro EA

RiskNtmPro is a money management expert advisor for metatrader 4 platform. You can use market buy and sell order, place pending orders and the software can help you to calculate the risk of the position.

You can place order and modify orders with moving stop and take profit line on the chart. With the buttons of the software you can place order or use market order easily, you need just one click and you can enter a position or a close position.

How you can use this software

You can use three lines on the chart to manage your risk. The three lines are the following:

Order Take Profit line: ORTP – If you buy or sell, this line will be the take profit order. You can modify your take profit order by dragging this line up or down on the chart.

Order Stop Loss line: ORSL – If you buy or sell, this line will be the stop loss order. You can modify your stop loss order by dragging this line up or down on the chart.

Place Order line: PlaceORLN – You can use pendig orders with the help of this line. You can modify your pending order by dragging this line up or down on the chart.

Risk management methods

1) Risk value method

The first method is called risk value, which means you need to set up a specific risk amount and the program will try to calculate the position size considering your stop loss level which you set up with ORSL line. If you move the ORSL before opening position, the program will calculate simultaneously the position size, so the loss will be constant if your stop order will be filled.

2) Risk percentage method

With the help of the risk percentage method you can set up a specific percentage of your equity, and the software will try to calculate the position size considering your stop loss level which you can set by moving ORSL line. If you move the ORSL before opening order, the program will calculate the position size simultaneously, so the loss will be constant if your stop order will be filled.

3) Specific Lot method

With the third method you can switch off the risk management algorithm and you can set up a specific position size, so the program will open position in this amount.

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Benefits of using FX logger

FXlogger is a metatrader log utilities that can help traders to log trading data. This software is capable of writing user determined parameters of the trade in an excel worksheet and can make a screenshot of the chart while writing further important information such as position size, position type, risk/reward, profit, loss, maximal profit, and so on.

Traders can determine the event when the software should take a snapshot and write the trading data in the database. For instance, you can monitor every position open, close, or stop loss and take profit order placing or modifying.

Short description:

You can easily learn how to use this software.

You can save a lot of time, because it is not necessary to collect the data of trading manually.

You can easily search and find your older trading data, and you can see not only a spreadsheet but you can see the picture of the chart when you open/close position, modify stop loss, take profit, or pending orders.

The fxlogger saves a lot more information than mt4 history, for instance risk/reward ratio, maximum profit of the positions, drawdown, differences between the price and the price where the order is filled.

With the help of the saved pictures you can optimize your strategy.

You can supervise your broker, you can see easily the slippage, or find out other hidden cost.

Go to the page of FXlogger >>

Forex and stock market news

Fed review of the Economic Situation

The information reviewed for the May 2-3 meeting indicated that the labor market strengthened further in March but that growth of real gross domestic product (GDP) slowed in the first quarter, with the slowing likely reflecting transitory factors. The 12-month change in overall consumer prices was close to the Committee's longer-run objective of 2 percent in recent months; excluding food and energy, consumer prices declined in March, and the 12-month change in core consumer prices remained...

ISM PMI at 54,8% April 2017 USA

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 95th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The April PMI® registered 54.8 percent, a decrease of 2.4 percentage points from the March reading of 57.2 percent. The New Orders Index registered 57.5 percent, a decrease of 7 percentage points from the March reading of 64.5 percent. The Production Index registered 58.6 percent, 1...

BoE leave key rate unchanged

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 14 December 2016 the Committee voted unanimously to maintain Bank Rate at 0.25%. The Committee voted unanimously to continue with the programme of sterling non-financial investment-grade corporate bond purchases totalling up to £10 billion, financed by the issuance of central bank reserves. The Committee...

Fed set to hike rates

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment rate has declined. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased since earlier this year but is still below the Committee's 2 percent longer-run...

Forthcoming important economic datas

You can find the most important economic datas in this week Tuesday: 8:30 UK CPI, RPI, HPI, affected pound pairs, impact high 9:00 German ZEW Economic Sentiment, affected Xetra market, DAX index, impact medium 12:30 USA Building Permits, Housing start, affected dollar paier, impact medium Wednesday 8:30 UK Average Earnings index, Claimant Count Changed, Unemployed Rate, affected pound pair, impact high 14:30 Crud Oil Inventories, affected oli prices, impact high

Long-term effects of Brexit

The opinion of Martin Weale the External Member of the Monetary Policy Committee (Bank of England) is that, despite any savings resulting from a lower contribution to the EU budget, the nation’s income, and thus people’s incomes, are likely to be reduced as a result of the choice made on 23rd June. International trade allows countries to specialise and take advantage of economies of scale. Depending on the arrangements eventually agreed, we may or we may not be able to retain all the advantages...

Eighth ECB Statistics Conference

Welcome address by Mario Draghi, President of the ECB, at the Eighth ECB Statistics Conference, Central Bank Statistics: moving beyond the aggregates, Frankfurt am Main, 6 July 2016 Ladies and gentlemen, On behalf of the Executive Board of the European Central Bank (ECB), allow me to warmly welcome you to the Eighth ECB Statistics Conference. These biennial conferences are by now a well-established tradition and always give new and valuable impetus to our work in the field of statistics. The...