VisualRMM Interactive-A new concept?

[gle101]

I think we all agree that Risk & Money Management is one of the most important aspects of trading. For some traders it is the last resort after a down and battered account. With proper Money Management a losing trader can suddenly find himself being on the winning side, it might be the last brick missing in order to become a successful trader.

VisualRMM gives through its interactive module a new and different approach to a subject not easily understood. It is broker independent so you can use it with any broker. This current version also support the MT4 platform, import and reports. If you feel you don't have a proper Money Management System then you should definitely give this software a try.

VisualRMM Interactive is now available for download. It is free to use and modify.
Feedback, good or bad, would be greatly appreciated. I have myself used VisualRMM Interactive for a year and can't see myself trading without it.

 

[gle101]

Anyone who has downloaded the VisualRMM Interactive System and needs support or other issues regarding the program, please feel free to ask on this thread.

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"Take control with Risk & Money Management"

 

[gle101]

I have noticed across the board of "software" for traders, not many implement the important aspect of
Risk & Money Management. There might be a stop loss, trailing stop loss, exit point on a single trade,
but these are based on the trade itself, not on the current account value calculated from a daily perceptive
of trading.

VisualRMM Interactive will automatically follow a set of money management rules that will protect you during a daily trading session, regardless of what kind of instrument you are trading. These money management rules are user predefine in an ini file and can be modified whenever you like as you progress in your trading.

An example below, based on the total account value.

1. Daily Stop loss, 5% loss on the account

2. Move stop loss to break-even, 2.50% profit

3. Trail stop loss from break-even, 4.50% profit

4. Trailing stop loss in increments of 1.75% profit

5. Exit point for the day, 15% profit

With this "daily" money management protection, plus your own single trade protection with stop loss, exit points and so forth you will certainly have more control over your daily trading session.

VisualRMM Interactive is based on the principle that a total daily protection is needed during "live" trading. You will be restrained from over trading, emotional and revenge trading. VisualRMM Interactive will react on your own predefined "trading profile" with messages and sound alerts. VisualRMM interactive is broker independent, and can be used with any broker.

 

[gle101]

A new and updated ver. of VisualRMM Interactive.

New setup and installation procedure that will solve earlier setup issues.
Important! Replace your old version with this new updated version.

 

[pboyles]

Isn't this what you got banned for before?

http://www.trade2win.com/boards/brokerages/137480-so-why-did-gle101-get-banned.html

 

[gle101]

Isn't this what you got banned for before?

http://www.trade2win.com/boards/brokerages/137480-so-why-did-gle101-get-banned.html

Not really, I had a direct link to the website in my ordinary postings. I understand the moderator action in this case, and I was only banned for two days.
This is free software in relevance of Risk & Money Management, so it is directly related to the subject of this forum.

 

[gle101]

Here is a new and updated ver. of VisualRMM Interactive.

 

[gle101]

Here is a video that in short explains how the VisualRMM System works.

Trading tutorial 1 - VisualRMM Interactive - YouTube

 

[gle101]

Trading tutorial 2 - VisualRMM Interactive - YouTube

 

[data_editors]

Hi just looked at the two videos and thank you.

Seek your kind clarification about why the account value and result of trade have to be entered each time a trade is closed - wouldn't this be cumbersome in case the trading is fast and furious?

Pl don't mind my question - just trying to understand

 

[gle101]

Hi just looked at the two videos and thank you.

Seek your kind clarification about why the account value and result of trade have to be entered each time a trade is closed - wouldn't this be cumbersome in case the trading is fast and furious?

Pl don't mind my question - just trying to understand

No problem, the reason why you should enter the account value after each trade is to allow the VisualRMM Interactive system to keep track of you present status according to your individual values entered in the ini files. This to alert you with warnings and instructions how to move the stop loss. Also this is necessary in order for the system to keep track of several positions.

If you are trading fast and furious and no time to fill in the account value, you are probably then over trading.

 

[data_editors]

Thanks gle!

 

[gle101]

Thanks gle!

You're welcome.

 

[Sagal]

Hi, gle101. Edit First of all thanks for the Goggle Sheet (GS) and additional macros. I have just discovered them and it can be very useful. One question/request. Can you, can someone convert the macro to Google Sheet script? GS is now using scripts and I do no see the need to buy a macro software only for that purpose. In addition it will be much more user friendly. Thanks in advance.

 

[Sagal]

Finally I switched to a visual use only without the macros (after a while the reinitialisation of the macros was not working anymore on my system) by adding some additional levels all linked to the original value of the account (11 levels up to 15% and 8 levels down to -4%)