to the user manual of the EA in pdf format
Contents
1. After you click on the OK button an alert message will appear Alert _ 7 Bi 7 N ma E E A ID gt 354716094068 75 78DGE SBE 26 7 D4OFE FF lt A 10 41 08 ID gt 34716094068 73 78D6E2BE26 7 7D4DFE F lt JY 10 41 08 RiskNtmPro invalid serial A 10 36 16 ID gt 34716094068 73 78D6E2BE26 7 7D4DFE7 7 lt 10 36 16 RiskNtmPro invalid serial The program shows an ID which you can find between the gt and symbols You need to copy this ID ctrl c and send to forexmt4apps eng gmail com Important note The subject of the email should contain the ID An automatic message will respond and you can find the serial key in the subject of the e mail that you will receive from forexmt4apps eng gmail com After you get the serial key you need to write it in the serial field of input parameters To do this press F7 button on your keyboard or press right click on the chart where the EA is running and choose the expert advisors title Click the properties title and you can choose the input tab Find the serial field this is the third row and copy your serial in this field then press OK button If everything is okay you can see the panel of the RiskNtmPro on the left side of the chart If you can t see the programs panels you need to check up the expert advisors button on the metatrader toolbar and you can see the smiley face See it below P Oy w Ei New Order lt H SB Expert Adviso2. 1 22592 1 22527 USDCHF 0 94194 RiskNtmPro 22 Apr 2013 23 Apr 05 00 23 Ape 13 00 23 Ape 21 00 24 Apr O50 M Ape 1300 24 Ape 21000 25 Apr O50 25 Apr i300 25 Apr 21 00 26 Apr 05 00 IF ORSL gt Price the program calculates and shows information on the right side of panel SELL side which means you can open only short position In this situation you can open market sell order if you click on the SELL button and the program will set up the stop loss where you place the ORSL line and take profit where you place the ORTP line You can see this situation on the picture below EURCHFH1 1 22679 1 22727 1 22665 1 227270 USDCHF 0 94308 RiskNtmPro 2 22 Apr 2013 23 Apr OS00 23 Apr 13400 23 Ape 21 00 24 Apr OSDI 24 Apr i300 24 Apr 21 00 25 Apr 05 00 25 Apr 1300 25 Apr 21 00 26 Apr 05 00 4 3 Pending orders This program is able to use pending orders and you can use every four type of pending orders too Using these orders depends on how the activated price of pending order it is shown by the PlaceORLN line and the current price relate to each other There are 4 type of pending orders 1 You can use SELLSTOP order IF ORSL gt Price and PlaceORLN lt Price The EA is preparing to place sell stop order In this situation if you click SELLSTOP title the program will place a pending order at the price where the PlacORL line is Naturally the program will set up the stop loss and take profit order where the ORSL and ORTP lines are Yo
3. line 2 doted line 3 dashed and doted line 4 dashed and doted second type You can set up line style only if ORSL thickness 1 PlaceORLNstyle the styles of the PlaceORLN The line can be the following 0 solid line 1 dashed line 2 doted line 3 dashed and doted line 4 dashed and doted second type You can set up line style only if PlaceORLN thickness 1 ORTPthickness the thickness of ORTP line You can choose 1 4 value of this parameter ORSLthickness the thickness of ORSL line You can choose 1 4 value of this parameter PlaceORLNthickness the thickness of PlaceORLN line You can choose 1 4 value of this parameter 6 Products where the Risk EA works correctly It is possible that the EA isn t able to calculate risk or work correctly because your broker doesn t provide sufficient data for the calculation A typical situation appears if you credit your account an exotic currency pair and your brokers don t have the currency pair that the program needs to calculate the risk Calculating the risk with CFD instruments would be problematic if the profit or loss issues a different currency from what you have on your account To filter out this problem we suggest you should try the EA on demo platform and if the program sends an error message a typical error message starts with the following failed to pip valuation you should send an e mail to info forexmt4apps com and we will solve the problem In this case please send
4. of all click on the main panel risk value title 1 and set up the risk amount with the arrows 2 You need to set up the buy and sell side separately If you move ORSL line on the chart up or down the program will calculate the position size taking into account_that_your risk value remains the same The program shows the position size 1 If you click the buy or sell button this will set the size of the opened position The EA shows the loss 2 if your stop loss order ORSL line is activated The EA shows the profit 2 if the take profit order ORTP line is activated 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 To use this method first of all click on risk title on the main panel and set up the risk percentage with the arrows You need to set up the buy and sell side separately Red colour means risk method is on 1 If you move ORSL line on the chart up or down the program will calculate the position size 2 considering your risk will be constant The program shows the position size 2 If you click the buy or sell button this
5. riskamountstepsmall You can set up the minimal step distance of double arrows on the main panel This is the largest distance you can modify on the risk value parameters with one click on the double arrows on the main panel riskamountsteplarge You can set up the minimal step distance of double arrows on the main panel This is the smallest distance you can modify on the risk value parameters with one click on the double arrows on the main panel Lotsize You can see this parameter detailed on the page 9 lotsizestepsmall You can set up the minimal step distance of double arrows on the main panel This is the largest distance you can modify on the lot size parameters with one click on the double arrows on the main panel Lotsizesteplarge You can set up the minimal step distance of double arrows on the main panel This is the largest distance you can modify on the lot size parameters with one click on the double arrows on the main panel min_lotsize the minimal lot size Line colour style settings ORTP colour the colour of the ORTP line ORSLcolour the colour of the ORSL line PlaceORLNcolour the colour of the PlaceORLN line ORTPstyle the styles of the ORTP The line can be the following 0 solid line 1 dashed line 2 doted line 3 dashed and doted line 4 dashed and doted second type You can set up line style only if ORTP thickness 1 ORSLstyle the styles of the ORSL The line can be the following 0 solid line 1 dashed
6. then click on the OK button and the program will be installed automatically If you download the zip extract file RiskNtmPro zip you have to extract the files RiskNtmPro ex4 and mt4gui dll and copy these files to the following directories e RiskNtmPro ex4 you need to copy this file to the metatrader4 experts directory e mt4gui dll you need to copy this file to the metatrader4 experts libraries directory After you copied these files you can run the metatrader 4 software 2 Running the EA After you started the metatrader 4 you can find the Expert Advisors title in the navigator windows If you can t find the navigator window press the CTRL N buttons The RiskNtmPro will be found under the expert advisors title After a right click on the RiskNtmPro title you can choose attach to chart options You can see how it works on the picture below File View Insert Charts Tools Window Help Tk 1 AB r Mi M5 h EURUSD Mi 1 20274 1 30274 i OANDA MT4 cade Accounts E F Indicators Add to favontes Set hotkey A new window will appear which contains the following options You need to set up on your computer the following options which you can see in the pictures below Common Safety positions RE Allow DLL imports Enable alerts E Confim DLL function calls Disable alert once hit Allow import of extemal experts Live Trading Allow live trading E Ask manual confirmation
7. 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 e 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 e 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 You can see ORTP green ORSL red and PlaceORLN blue on the pictures below EURUSD MS 1 230154 1 30178 1 70134 1 20160 26 Ap 2013 26 Ap OD 26 Apr 02 40 26 Apr OO 26 Apr 03 20 26 Ap 03 40 26 Apr OD 26 Ap H20 26 Apr 4 40 265 Ap 05 00 26 Apr 05 20 4 1 Risk management methods There are 3 risk management methods available to use this software 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 To use this method first of all click on the main panel risk value title and set up the risk amount with the help of arrows You need to set up the buy and sell side separately To use this method first
8. User manual of RiskNtmPro expert advisor 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 There are three methods for using this expert advisor EA The software can calculate the risk based on a risk value that the user defines or can calculate the risk based on a risk percentage or you can use user defined lot size to open positions Besides this the user can place and modify stop loss take profit pendig orders with moving mouse using this expert advisor This user manual mentions every parameter input which you need to know in order to use this software Before using this software it 1s important to read this document Important note Use this software at your own risk and try the EA on a demo account 1 Installing the EA If you download the self extracting version of the software you need to find the RiskNtmPro exe file on your hard drive and run it If your antivirus software or firewall sends you an alarm message you need to approve the running of the installer After you run RiskNtmPro exe you need to find and set your metatrader 4 directory
9. me your broker s name account currency and the instrument where you noticed the problem and the error messages
10. place buylimit order at the price of PlaceORLN level and will set up take profit ORTP and stop loss ORSL too After the program has placed pendig order you can modify PlaceORLN ORSL ORTP line In this case the order properties will be updated too You can check up this on the terminal windows of metatrader CTRL T The screen shows the position size 2 the loss 4 and profit 3 if stop loss or take profit order is filled 3 You can place BUYSTOP order IF ORSL lt Price and PlaceORLN gt Price The EA is preparing to place a BUYstop order In this situation if you click on BUYstop button the program will place pending order at the price where the PlacORL level 1s Naturally the program will set up the stop loss and take profit order where the ORSL and ORTP lines are You can see this situation in this picture below EURCHF H1 1 22679 1 22727 1 22665 1 22687 USDCHF 0 94333 RiskNtmPro 22 Ape 2013 23 Apr O50 23 Ape 13 00 23 Ape 21 00 24 Apr OSDO 24 Apr 13 00 24 Ape 21 00 25 Apr OSe00 25 Apr i300 25 Apr 21 00 26 Apr 05 00 You can see BUYstop title 1 on the screen If you click on this button the program will place buystop order at the price of PlaceORLN level and will set up take profit ORTP and stop loss ORSL After the program has placed pendig order you can modify PlaceORLN ORSL ORTP line In this situation the order properties will be updated too You can check up this on the terminal windows of me
11. rs 3 Set up the RiskNtmPro expert advisor You can set up the RiskNtmPro parameters if you press the F7 buttons on the keyboard or press right click on the chart where the EA is running and choose the expert advisors title You can see the picture below Indicators List Objects List Periodicity Template mu Refresh Auto Arange Gai la Volumes T Zoom In SI Zoom Out Save As Picture Hh Print Preview dah Print Eek Properties Click on the properties title and you can choose the input tab RiskNtmPro Vanable Value Ps objectdellatemreboot true ab e mail info torexmt4apps com ab serial hea magic ab identifier hea number_of_tring 423 trying_time E iskpercent fan a hee The main panel of the EA Information panels You can minimize the panel with lt button You can open buy or sell position buy and sell market order with these buttons You can modify the risk value risk percent or lot size You can choose the risk management method See it on page 7 You can place pending orders BUY stop BUY limit Sell stop SELL limit by clicking on these buttons You can delete every pending order You can close every opened position You can find the information panels on the right side of the chart 4 How you can use this software You can use three lines on the chart to manage your risk The three lines are the following e Order Take Profit line
12. tatrader CTRL T The screen shows the position size 2 the loss 4 and profit 3 if stop loss or take profit order is filled 4 You can use SELLLIMIT order IF ORSL gt Price and PlaceORLN gt Price The EA is preparing to place a SELLIimit order In this situation if you click on SELLIimit title the program will place pending order at the price where the PlacORL level is Naturally the program will set up the stop loss and take profit order where the ORSL and ORTP lines are You can see this situation on the picture below EURCHF H1 1 22679 1 22727 1 22665 1 22693 USDCHF 0 94346 RiskNtmPro E PlaceORLN 22 Ape 2013 23 Apr 05 00 23 Ape 13000 23 Ape 21 00 24 Ape GOI 24 Apr 13300 24 Apr 21 00 25 Ap 0500 25 Ape 1300 25 Apr 21 00 26 Apr 05 00 You can see SELLLIMIT title 1 on the panel If you click on this button the program will place selllimit order at the price of PlaceORLN level and will set up take profit ORTP and stop loss ORSL After the program has placed pendig order you can modify PlaceORLN ORSL ORTP line In this situation the order properties will be updated too You can check up this on the terminal windows of metatrader CTRL T The screen shows the position size 2 the loss 4 and profit 3 if stop loss or take profit order is filled 4 4 ORSL and ORTP placement and modifying rules If you open a long or short position with the help of BUY or SELL buttons or place a pendig order b
13. u can see this situation in this picture below EURCHF H1 1 22679 1 22726 1 22665 1 22716 USDCHF 0 94408 RiskNtmPro Close e Order IIF1E R S 1 a ee PlaceORLN wn GEPUSD H1 AUDUSD Daily EURCAD H1 EURAUD H1 EURHL 4 You can see SELLSTOP title 1 If you click on this button the program places sellstop order at the price of PlacecORLN level and will set up take profit ORTP and stop loss ORSL After the program has placed pendig order you can modify PlaceORLN ORSL ORTP line In this situation the order properties will be updated too You can check up this on the terminal windows of metatrader CTRL T The screen shows the position size 2 the loss 4 and profit 3 if stop loss or take profit order is filled 2 You can place BUYLIMIT order IF ORSL lt Price and PlaceORLN lt Price The EA is preparing to place buy limit order In this situation if you click on BUYlimit title the program will place pending order at the price where the PlacORL is Naturally the program will set up the stop loss and take profit order where the ORSL and ORTP lines are You can see this situation in the picture below EURCHF H1 1 22679 1 22727 1 22665 1 22682 USDCHF 0 94357 RiskNtmPro g a en eee fn H T 22 Ap 203 23 Ap OSOD 23 Ap 130I 23 Ap 21 00 M Apr 05 00 24 Apr 1300 24 Ape 21 00 25 Ap 0500 25 Ap 1300 25 Ape 21 00 26 Ape 05 00 You can see BUY Iimit title 1 If you click on this button the program will
14. will set the size of the opened position The EA shows the loss 3 if your stop loss order ORSL line is activated The EA shows the profit 3 if the take profit order ORTP line is activated 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 To use this method first of all click on the main panel on the lot title and set up the lot size by using the arrows You need to set up the buy and sell side Red colour means lot method is on 1 The EA shows the loss 2 if your stop loss order is activated ORSL line The EA shows the profit 2 if the take profit order is activated ORTP line If you move ORSL line the loss can be bigger or smaller 4 2 Entering position rules The program algorithm is continuously monitoring the relation of ORSL line and the price The following rules are in use IF ORSL lt Price the program is preparing to enter long position BUY and shows information on the left side of panel BUY side which means you can enter only long position by clicking on the BUY button In this situation you can open market buy order if you click on the BUY button and the program will set up the stop loss where you place the ORSL line and take profit where you place the ORTP line You can see this situation on the picture below EURCHF H1 1 22579 1 22727
15. y clicking on one of the four following buttons BUYSTOP SELLSTOP SELLLIMIT BUYLIMIT you can modify the parameters of these orders by moving ORSL ORTP and PlaceORLN line The minimal modifying distance is 5 point 0 5 pip This means if you modify ORSL ORTP or PlaceORLN level smaller than 5 point 0 5 pip the modification will not be accepted in the order book of metatrader terminal 5 Input parameters serial You need a serial key to use this software see it on page 3 identifier If you use this EA on multiple charts you need to modify the identifier The point is that you write a unique text in this filed which has to be different on every copy of the EA number_of_ trying You can set up how many times the EA tries to open or close a position if it doesn t succeed for the first time trying time How often the EA tries to open or close a position milisecond Riskpercent You can see this parameter detailed on page 8 riskpercentstepsmall You can set up the minimal step distance of simple arrows on the main panel This is the largest distance you can modify in the risk percent parameter by clicking on the simple arrows on the main panel riskpercentsteplarge You can set up the minimal step distance of double arrows on the main panel This is the smallest distance you can modify on the risk percent parameters by clicking on the double arrows on the main panel riskamount You can see this parameter detailed on the page 7
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