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    cTrader Forex Risk Management

    14-Day Refund Option (Read Policy) - Pay Once, Use Forever

    The cTrader platform does not have an automated advanced protection feature for trades that open in the future like automated or pending orders, this tool will protect your exposed positions while you are away from your desk. There are 5-take profit targets, a break-even stops, trailing stop loss and stealth stops.
    Type: cTrader cBot
    Current version: 2.1.0
    Requires: Windows 10
    Published: 21 May 2020
    Page last updated: 20 October 2021

    Any questions?  Join our Live Chat Support  and read our Licensing Terms


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    Our version of the Advanced cTrader Forex protection tool will protect all of your positions created manually, by automated trading systems or when a pending order becomes a position. The protection this tool offers is listed below and can be applied to a single symbol or all symbols, you can also apply the protection to an automated trading system by its label name.

    • Single protection.
    • Attach the protection to an existing automated trading system.
    • Attach protection to any manual trade by the comment.
    • 5 Take Profit targets with % volume close.
    • A break-even stop-loss.
    • A trailing stop-loss.
    • A stealth stop-loss to hide from the broker.
    • Show or hide take profit target lines.


    cTrader Forex Risk Manager


    Logging: is this is set to YES then in the cBot log it will log all events that happen using this tool to manage your positions. 


    Orders on the Same Chart as the cBot

    If you attach the cBot to the same chart that you will be opening manual orders then you do not need to do set the label or comment names, you simply start the cBot and submit orders.


    Automated Trading System

    An ATS is short for an automated trading system and this tool allows protection to your existing systems by using the unique label name. To use this feature you need to open positions with a unique label in your ATS, all of our products already do this, to attach protection to an ATS, you need to turn this feature on as well as enter the label name for the positions that need to be protected. This feature can be applied to all ClickAlgo automated trading systems.


    Manual Orders & Pending Orders

    An MT is short for Manual Trade, you will be able to set a unique comment name in the risk tool and when you submit a new order manually as long as you enter the same name in the comments field it will be managed by this tool so that only specific trades will be managed.

    This will also work with pending orders as long as you follow the instructions to use the comment field.


    How Do The Take Profit Targets Work?

    There are 5 take profit targets which allow a position to close a percentage of its volume when pre-set pip targets are reached, you can use just a single target or up to a maximum of 5, to turn a target off you just set the Target (pips) to zero and to completely close a position just set the Close % to 100.


    Example Setup

    An example setup would be where a position closes 50% of its volume when a position reaches 10 pips in profit and then closes 100% of the volume when the position reaches 20 pips in profit, as all the volume is closed the position will close.

    Take Profit Target #1

    • Target 10 pips
    • Close 50%

    Take Profit Target #2

    • Target 20 pips
    • Close 100%

    Take Profit Targets #3-5

    • Target 10 pips
    • Close 0%


    Visible Take Profit Target Lines

    It is also possible to hide or show the take profit target lines and change the colour of the line, this works better with a single trade, if you had 10 trades with 10 take profit lines, you would have 100 lines on the chart, so use this feature only for a few trades at a time.


    What do the labels mean?

    You have the ability to show or hide the take profit line labels, the chart below shows targets for a buy position, if you submit a sell order you will also see target lines below the price, so you will end up with 10 take profit lines on the chart, 5 for the buy and 5 for the sell.

    TP4 (40p, 10%) = Take profit target 4 which has been set at 40 pips above the entry price and once the target is hit it will close 10% of the position size.


    cTrader Profit Targets


    How The Break-Even Stop Loss Works?

    The break-even stop loss used is a standard feature with all our trading systems, it will be activated when any position is x pips in profit and the stop loss will be moved to a financial break-even if the extra pips are left at the default value of zero. 

    A financial break-even covers all the fees involved from the broker when an order is filled.

    • Extra pips: these are additional pips the stop loss will be moved in profit past the entry price to lock in extra profit.


    No Financial Break Even?

    If you do not want the broker transaction fees included which will place your stop loss in profit and not exactly on the entry price then you can turn this off by setting the "Include Fees" parameter to No. This will place your stop loss exactly on your entry price.



    When you live trade on volatile markets you may not see the stop loss set at the exact entry price due to slippage.


    How The Trailing Stop Loss Works?

    The trailing stop loss feature is activated when the gaining pips reach the trigger value, the stop-loss will be moved x pips behind the price as defined in the Steps (pips) setting and as the price moves in profit the stop loss trails behind this price and locks in the extra profit, once the price retraces the step pips and hits the stop loss the position is closed in profit.


    How The Stealth Stop Loss Works?

    The stealth stop loss feature is very simple, it just closes any position when it is losing x pips as defined in the stop loss setting. The stop loss is not sent to the broker, but instead stored in memory in the cBot and a request is sent to the broker to close the position instead. This feature will only work if your position has no stop loss.


    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.


    Watch a Video Demo

    We have recorded a hands-on tutorial on how to use risk management tools correctly.

    Duration: 10-minutes - Watch full screen on YouTube


    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.