ZERORISK UTILITY (PROP FIRM SOFT) MT4 / MT5 USER GUIDE – Other – 6 April 2023

                   

       

ZeroRisk Utility is powerful and next-generation software developed for any type of stock market investor. It is an “All-in-one” software which contains four major utilities that any stock market investor will certainly need. These utilities are: 

ZeroRisk Manual Trader (ZRM): Is manual trading controller for manual traders or trading signal copiers.

ZeroRisk Trade Pad (ZRP): Is trade assistant for manual traders or trading signal copiers to open and manage trades with Zero Risk.

ZeroRisk Algo Trader (ZRA): Is algo/EA/robot trading controller for algo traders or everyone who buy EA on mql5 market or other website to trade.

ZeroRisk Telegram signal Provider (ZRA): Is algo or manual trading signal to telegram provider for everyone who wants to send his manual or EA trading signals to telegram chats, groups or channels.

  1. ZeroRisk Manual Trader (ZRM)

ZERORISK MANUAL TRADER

ZeroRisk Manual Trader is a risk and emotions management, trade and trading plan controller utility for manual trading. Any manual trader such as professional or novice traders, trading signal copiers or trading signal providers can use ZRM for a confidence and zero risk trading. This utility is an advanced trading system which comes with three (3) installation modes (PROFESSIONAL, CONTROLLER And TRADER) and includes a built-in “One-step” and “Two-Step” trading mode. One-step trading mode is a trading mode which consists to control manual trading risk, emotions, trading plan or prop firms trading rules by manual trading CONTROLLER algorithm implemented in this software on trader’s trading PC. This trading mode is recommended for PROFESSIONAL traders who can take a full control of their emotions, risk and respect all their trading plan or prop firm trading rules. Two-Step trading mode is a trading mode which consists to control manual trading risk, emotions, trading plan or prop firms trading rules by manual trading CONTROLLER algorithm implemented in this software on VPS or CONTROLLER PC and trader will trader on his trading PC. It is a trading mode in which trader will customize his trading plan or prop firms trading rules, set all trading plan parameters he wanted to control by CONTROLLER, install the software in mode CONTROLLER on VPS or CONTROLLER PC and come back to trade with the software in mode TRADER on his trading PC or Telephone. This trading mode is recommended for every trader especially beginners and novice traders to avoid blowing their trading account or loss prop trading accounts due to trading risk, emotions or non respect of trading plan.

MAIN FEATURES OF ZERORISK MANUAL TRADER

Manual trading drawdowns control

o   Control of daily drawdown (max daily loss)

o   Control of daily drawdown per symbol (max daily loss for every symbol)

o   Control of weekly drawdown (max weekly loss)

o   Control of weekly drawdown per symbol (max weekly loss for every symbol)

o   Control of monthly drawdown (max monthly loss)

o   Control of overall drawdown (total loss)

Manual trading targets control

o   Control of daily target (max daily profit)

o   Control of weekly target (max weekly profit)

o   Control of monthly target (max monthly profit)

Manual trading risks, money management control and money management calculation methods

o   Three types of money management calculation methods optimized for manual and prop firm trader

o   Control of money management and max loss per trade

o   Control of every trade Stop Loss (SL) and Take Profit (TP) to avoid violation due to trader’s emotions

o   Control of every trade partial profit (TPs) and partial loss (SLs)

o   Adaptive trailing stop and slippages protection

Manual trading emotions and trade management control

o   Control of every trade break even and trailing stop

o   Control of maximum number of trades per day

o   Control of maximum number of traders per day for every symbol

o   Control of maximum number of trades per week

o   Control of maximum number of trades per week for every symbol

o   Control of maximum number of trades per month

Manual trading strategy control

o   Control of order entry strategy

o   Control of strategy order type

o   Control of all trading symbols

o   Control of trading time

o   Control of trading days

Additional features

o   Control and display broker spread, commission and slippages

o   Real time Information about manual trading

o   Manual trading daily, weekly and monthly performance report

o   Support telegram, email and mobile notifications

ZeroRisk Trade Pad (ZRP)

ZERORISK TRADE PAD

ZeroRisk Trade Pad is a trade assistant and trade manager linked to ZRM to open and manage trades with zero risk. It is the most advanced trade manager for manual traders to enter market faster and easier with more confidence. It helps trader to automatically calculate order stop loss, take profit, lot size…and manage trades using several trade management systems like break even, trailing stop, partial close and more.

MAIN FEATURES OF ZERORISK TRADE PAD

Risk Calculation

o   Calculate order risk based on total account balance and risk per trade mode received from ZRM

o   Calculate order risk based on manual allocated balance and risk per trade mode received from ZRM

o   Calculate order risk based on manual custom balance and risk per trade mode received from ZRM

New Order

o   Open new order using One-Click trading buttons

o   Open new order using Trade Lines panel

o   Place virtual pending order using Trade Lines panel or virtual button on the PAD

Closing orders or positions

o   Full or partial close a specified position automatically or with panels

o   Full or partial delete a specified pending order automatically or with panels

o   Full or partial close positions automatically or with panels by group : ALL, BUY, SELL, PROFIT, LOSS

o   Full or partial delete pending orders automatically or with panels by group :  ALL, BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT

Reversing orders or positions

o   Full or partial reverse a specified position automatically or with panels

o   Full or partial reverse a specified pending order automatically or with panels

o   Full or partial reverse positions automatically or with panels by group : ALL, BUY, SELL, PROFIT, LOSS

o   Full or partial reverse Orders automatically or with panels by group : ALL, BUY STOP, BUY LIMIT, SELL STOP, SELL LIMIT

Hedging positions

o   Full or partial hedge a specified position automatically or with panels

o   Full or partial hedge positions automatically or with panels by group :  ALL, BUY, SELL, PROFIT, LOSS

Order / position management

o   Virtual stop loss and take profit

o   Break even management

o   Trailing stop management (up to 10 trailing stop systems)

o   Partial profit (TPs) and Partial loss (SLs)

o   Partial close, reversing order and moving Stop Loss when hitting TPs or SLs

Trade Lines panel

o   Displays new order Open, Stop Loss, Take Profit and other useful information on the chart

o   Helps to link to every new order all order management params (BE, TS, TPs…)  before opening

o   Helps to edit and link new order management params to existing specified order without affecting other orders params

o   Helps to push manual orders to VIP, GOLD and SILVER channels if ZRT is turned ON and manual trading signal is activated by trader.

GRID Trading

o   Possible to place grid orders and send them to ZRM for control

o   Two types of grid orders are supported: Limit and Stop grids

o   Calculate every grid order lot size using grid lot mode and lot coefficient

Additional features

o   Protect Positions: Helps to quickly protect or set break even to a specified price of all profit positions

o   Trade Duplicator helps to open more than one trade with one-click

o   OCO (One Cancels the Other) orders

o   CLP (Close if Profit or Loss) close if positions have reached a specified profit or loss

o   Alert helps to be alerted when the price reaches a specified level

o   Screenshot take screenshot of the chart

o   Info Chart (Display information on the chart)

 

ZeroRisk Algo Trader (ZRA)

ZERORISK ALGO TRADER

ZeroRisk Algo Trader a risk and trading controller utility for Algo / EA or Robot trading. It is a powerful trading soft developed for algo traders to control all algo transactions on their trading account. This utility can control unlimited Algos / EAs or Robot’s transactions instantly, helpful for a trader to link multiple EAs for control. It is used to control the Algo/EA/Robot drawdowns, target, trading time and orders max risk on the trading account.

MAIN FEATURES OF ZERORISK ALGO TRADER

Algo trading drawdowns control

o   Control of daily drawdown (max daily loss)

o   Control of weekly drawdown (max weekly loss)

o   Control of monthly drawdown (max monthly loss)

o   Control of overall drawdown (total loss)

Algo trading targets control

o   Control of daily target (max daily profit)

o   Control of weekly target (max weekly profit)

o   Control of monthly target (max monthly profit)

Algo trading risks and money management control

o   Control of money management and max loss per trade

o   Control of All position’s max loss per trade on every tick

Additional features

o   Control of algo trading time for day trading algos

o   Real time Information about algo trading

o   Algo trading daily, weekly and monthly report

o   Support telegram, email and mobile notifications

 

ZeroRisk Telegram Signal Provider (ZRT)

ZERORISK TELEGRAM SIGNAL PROVIDER

ZeroRisk Telegram Signal Provider is a full customizable utility that allows sending manual trading or algo trading signal to telegram chats, groups or channels. This utility is linked to ZRM and ZRA and helps manual trader to send his trading signal and also helps algo trader to send his algo signal to telegram.

MAIN FEATURES OF ZERORISK TELEGRAM SIGNAL PROVIDER

ZeroRisk Manual Signal Provider: allows to send manual trading signal

o   Includes three subscription model: VIP, GOLD and SILVER subscriptions

o   Sends new orders and positions with screenshot showing SL, TP, Open lines and all order management params like break even, trailing stop, partial profit (TPs), partial loss (SLs) etc.

o   Sends new orders and positions with all order management params like BE, TS, TP1, TP2, TP3, SL1, SL2, SL3 etc.

o   Sends orders modification if trader modifies (SL, TP, Open, BE, TS, TP1, TP2, TP3, SL1, SL2, SL3)

o   Sends partial close of positions or partial delete of pending orders

o   Sends the execution of pending orders

o   Sends signal when one of (BE, TS, TP1, TP2, TP3, SL1, SL2, SL3) has been hit

o   Sends Close Orders

o   Sends manual signal daily, weekly and monthly history report

ZeroRisk Algo Signal Provider: allows to send Algo/EA/Robot trading signal

o   Includes three subscription model: VIP, GOLD and SILVER subscriptions

o   Sends new orders and positions with Stop Loss and Take Profit

o   Sends modification of orders

o   Sends the execution of pending orders

o   Sends close orders

o   Sends algo signal daily, weekly and monthly history report

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