New Risk Management Option is now available - Try it out!

The former Entry Apps have had risk management options to calculate the position size as a percentage of the available account equity, balance, or margin, thus giving the user three options.

A new risk management option has been added as a fourth option, which is to use a percentage of what I call a "Discounted Balance".
The discounted balance is simply the account balance minus the maximum possible loss of all open positions of any instrument of the account, depending on their current StopLoss price level.

It is worth-wile noting that an open position, whose StopLoss level has already reached break-even or any further profit level, does not contribute to the reduction of the position size. Only open positions, whose StopLoss level will yield a possible loss, contribute to the reduction of the size of the Position to be opened.

Hence, this is a more conservative risk management for traders who work with a larger number of open positions at the same time and provides for the most realistic risk scenario, since all possible losses are acccounted for when calculating the available money to trade with.
Examples can be downloaded from http://forexforums.dailyfx.com/signal-strategy-fxcm-marketscope/606777-multiple-take-profit-position-management-fully-automated.html#post1637430 or from http://www.fxcodebase.com/code/viewtopic.php?f=39&t=34297&sid=ca17c8bf9653224bfb76b7588ae4ac39.

Happy Trading!