Risk Management · 6 Buttons
The Risk Management group is the heart of Redhat Sword · 6 buttons for Auto SL · Virtual TP · Break Even · Profit Lock · MM and Remove All SL · Protect capital and lock profits automatically on every order
Screenshots
Chapter Video Summary
Real MT5 screen recording · Not investment advice
TL;DR
- Auto SL · Sets Stop Loss on every new order · Use always, no exceptions
- Virtual TP · Take Profit hidden from broker · Prevents Stop Hunting
- Break Even · Moves SL to breakeven when profit target is reached
- Profit Lock · Trails SL with profits · Similar to Trailing but more precise
- MM · Calculates lot size based on % risk · Recommend 1-2% per order for beginners
When to Use This Feature
Use Auto SL every time you open MT5 · Use Virtual TP with brokers that have wide spreads · Use Break Even after reaching half of your TP profit · Use Profit Lock during strong trends · Use MM when calculating safe lot sizes based on account size
How to Use
| Button | Function | Recommendation |
|---|---|---|
| Auto SL | Set automatic stop loss | Enable always · Set based on ATR |
| Virtual TP | Server-invisible virtual TP | Use with wide spreads |
| Break Even | Move SL → to breakeven | After reaching half of TP |
| Profit Lock | Trail SL with profits | ~50 points |
| MM | Calculate lot from RiskPercent | Beginners 1% · Experienced 2% |
| Remove All SL | Delete SL on all orders | Warning: can blow account |
Recommended combo: Auto SL + MM (1%) + Break Even + Profit Lock
Pro Tip · Mr. Bom
I enable Auto SL on every account, every order, no exceptions · Set MM at 1% per trade for beginners · Configure Profit Lock at +50 points after profit starts · Enable Break Even after reaching half of TP · I never press Remove All SL · An order without SL is an account waiting to be blown · On my real account, I have never turned off Auto SL even once · That's how I survived every volatile session
FAQ
Q: How many points should I set for Auto SL?
A: Depends on XAU's ATR · Typically 200-500 points · Set wider than chart noise
Q: What's the difference between Virtual TP and regular TP?
A: Virtual TP is stored in the EA · broker server doesn't see it · Reduces chance of being Stop Hunted
Q: Should I use Break Even or Profit Lock?
A: Use both together · Break Even protects your capital · Profit Lock locks in profits continuously
Q: Is 1% MM really safe?
A: Safest option · Even after 10 consecutive losses, account still has 90% · Drawdown grows slowly
See Also
Download Redhat Sword Free
Semi-Auto Trading Panel · MT5 · XAUUSD · Always test on Demo before using a real account
