Strifor RiskMaster

Strifor RiskMaster is an Expert Advisor for MetaTrader 5 designed to automate trading risk control at the account level. It monitors trading performance, tracks predefined loss limits, and can automatically restrict further trading when specified thresholds are reached.

The tool helps traders establish a systematic approach to capital management by defining acceptable loss limits in advance, monitoring results across different periods, and applying predefined protective measures when trading limits are breached.

Account-Level Risk Monitoring

RiskMaster allows you to set maximum loss limits across three time periods:

• Daily Limit — controls losses throughout the trading day.
• Weekly Limit — monitors cumulative trading results over the week.
• Monthly Limit — manages acceptable losses over the month.

Each limit can be defined as a percentage or a fixed monetary amount. The Expert Advisor monitors the current trading result and compares it against your predefined thresholds.

This approach helps establish clear risk boundaries and automates the monitoring of compliance with your trading rules.

Automatic Response to Risk Limit Breaches

RiskMaster does more than display account statistics. Depending on its configuration, it can initiate protective actions when a predefined loss limit is reached or exceeded.

Available actions include:

• Closing all open positions within the configured scope.
• Deleting pending orders.
• Blocking further trading until the end of the relevant period: the day, week, or month.

These mechanisms help restrict further trading activity after a risk threshold has been breached and support adherence to predefined trading rules.

The actual outcome of protective actions depends on the terminal’s operating state, broker server availability, market conditions, and order execution.

Flexible Risk Calculation

Different calculation methods allow you to adapt RiskMaster to your trading strategy and preferred approach to measuring account performance.

Equity-Based Calculation
Uses the current account equity, including the floating profit or loss of open positions.

Balance-Based Calculation
Uses the account balance and results from closed trades, without accounting for the floating PnL of open positions.

You can also select the calculation base:

• Current account balance.
• A fixed capital amount entered manually.

These options allow you to align risk monitoring with your trading workflow and preferred calculation methodology.

Consecutive Loss Control

Even when daily and weekly limits are in place, a sequence of losing trades may indicate the need for a temporary trading pause.

RiskMaster includes a consecutive-loss control feature. When the number of losing trades reaches a predefined threshold, the Expert Advisor can temporarily block further trading.

This cooldown mechanism adds another layer of control to your trading process, independent of the overall financial result for the day.

Rolling-Window Risk Control

In addition to daily, weekly, and monthly limits, RiskMaster supports loss monitoring within a rolling time window.

For example, you can define a maximum allowable loss over a one-hour period. If the specified threshold is exceeded, the Expert Advisor can block further trading according to the configured rules.

This feature helps monitor short-term loss spikes that may occur during periods of increased volatility or after a series of unsuccessful trades.

Configurable Position Closing

When positions need to be closed automatically, both the decision logic and the execution process matter.

RiskMaster provides several parameters for managing position-closing operations:

• Maximum permitted slippage.
• Number of closing attempts.
• Delay between attempts.
• Operation timeout.

These settings allow you to adapt the Expert Advisor’s behavior to different execution conditions. However, successful closure of every position cannot be guaranteed, as execution depends on market conditions and the availability of trading infrastructure.

Flexible Order Filtering

RiskMaster can be configured to monitor different groups of trading operations.

Available filtering options include:

• All positions on the trading account.
• Positions associated with selected instruments.
• Orders with specific Magic Numbers.
• Orders containing specified comments.

Filtering is useful when multiple Expert Advisors or trading strategies operate on the same account. It allows you to define the scope of risk monitoring according to your setup.

Before enabling filters, verify that the selected scope matches your intended risk management rules.

On-Chart Monitoring Panel

Key account indicators are displayed directly in MetaTrader 5. The on-chart panel makes it easier to monitor account conditions without constantly switching between terminal sections.

The panel displays:

• Capital base used for calculations.
• Daily risk limit.
• Weekly risk limit.
• Monthly risk limit.
• Current trading result.
• Remaining allowable risk.

This overview helps you assess the current account status and see how close your trading results are to the predefined limits.

Who Can Benefit from Strifor RiskMaster?

RiskMaster can be useful for traders who need structured loss control and automated enforcement of predefined risk rules.

Professional Traders — to maintain a systematic approach to risk limits.

Algorithmic Traders — to add another layer of control over automated trading activity.

Prop Traders — to monitor predefined limits when configured in accordance with the rules of their proprietary trading firm.

Account Managers — to establish formal risk restrictions for trading accounts.

Systematic Traders — to incorporate automated loss controls into a predefined trading process.

Continuous Operation: An Essential Requirement

Strifor RiskMaster operates as an Expert Advisor inside MetaTrader 5. To perform its monitoring and protective functions, the terminal must be running, the Expert Advisor must remain active on a chart, and algorithmic trading and the required permissions must be enabled.

Risk monitoring may stop if:

• MetaTrader 5 is closed or disconnected from the trading server.
• Algorithmic trading is disabled.
• The Expert Advisor is removed from the chart.
• A profile is loaded in which the Expert Advisor is not running.
• Required permissions in the terminal or Expert Advisor settings are disabled.

In these situations, RiskMaster cannot monitor account changes or execute protective actions. It also cannot guarantee position closure during connection failures, server outages, or circumstances that prevent trade requests from being executed.

Recommendation: Use a VPS

For more consistent operation, we recommend running MetaTrader 5 on a Virtual Private Server (VPS) or another remote computer that can remain online continuously.

Before relying on RiskMaster, make sure that:

• MetaTrader 5 is running continuously.
• RiskMaster is active on the intended chart.
• Algorithmic trading is enabled.
• All required permissions are configured.
• The connection to the trading server is active.

A remote server reduces dependence on your local computer and home internet connection. It can also reduce the likelihood of accidentally disabling the Expert Advisor, although it cannot eliminate technical failures entirely.

Key Benefits of Strifor RiskMaster

• Daily, weekly, and monthly loss limit monitoring.
• Risk limits defined as percentages or fixed monetary amounts.
• Equity-based and Balance-based calculation methods.
• Automatic protective actions when risk thresholds are breached.
• Consecutive-loss control.
• Loss restrictions within rolling time windows.
• Position filtering by instrument, Magic Number, and order comment.
• Configurable position-closing parameters.
• On-chart display of key risk indicators in MetaTrader 5.

Make Risk Management Part of Your Trading System

Strifor RiskMaster helps turn risk control from a manual task into a system of predefined rules. Configure your limits, select your calculation method, define protective actions, and monitor trading activity against your risk management plan.

Strifor RiskMaster — automated risk control for MetaTrader 5.

Important Information

Strifor RiskMaster is a trading risk management tool and does not guarantee capital preservation or the absence of losses. Automated protective actions depend on terminal availability, the connection to the trading server, and the ability to execute orders. Test the Expert Advisor and verify its settings on a demo account before using it on a live account.