Request a Demo License

In case you want to try out an App with a specific configuration of your choice, send a request for a demo license key to smarttradingapps@gmail.com.

New Risk Management Option

There is a further risk management option being developed as to calculate the position size.

The current options are based on calculation of a user-defined percentage of available equity, balance, or margin, which in turn yields the number of lots of the size of the position to be entered.

The new option will be named "Balance Discounted" and will calculate the available balance minus the worst-case risk of all open positions of any instrument of the user account, which is derived from the StopLoss distance of these open positions.

This may slow down the entry a bit since the App will need to request data from the trading server for any of these instruments, which the App itself does not intend to open a position. But, this remains to be tested to see if there is any serious impact on entry latency or not.

Advanced Risk Management

I am collecting valuable inputs from users as to add more features to the Risk Management.

One is to account for the maximum possible losses of open positions of an account, as to determine the available equity, balance, and margin.

Another one is to define an optional global risk, such that only a limited number of open positions can be made at a time, which respects the global maximum risk.

If you have more suggestions, you are welcome to drop me a note with your ideas.

Happy Trading!