LegacyFX’s free “Guardian Angel” tool is a smart communication system that acts as a risk management feature within MetaTrader 5. This add-on displays real-time information to help you better manage the risks and opportunities of each trade.
The system is smoothly integrated within the MetaTrader 5 platform and sends you instant feedback as you trade. It detects potential risks and missed profit opportunities, according to your pre-set investment style and preferences.
Employing the Guardian Angel system may help you refine your decision-making process and polish your trading skills.
Guardian Angel produces a wide range of highly effective messages, including:
- Margin alerts
- Setting stop loss
- Relevant market notices
- Changes in market volatility
- Reporting on progress and regression in
- Excessive risk
- Strong/weak trading performance
The system analyzes your transactions in real-time to find systematic patterns in your trading and how they relate to the conditions in the market. The analysis, which takes a few seconds to complete, directs your attention to the strengths and weaknesses in your trading style, providing insights about your own trading and helping you make high-quality decisions over time.
The Guardian Angel tool is helpful for new traders and experienced ones alike, providing an external and objective review of their trades. This feedback can contribute to the trader’s current and future trades, as learning from mistakes is an integral part of trading.
Guardian Angel is unique to each trader, meaning it does not generate the same feedback to all users. Each trader designs their own Guardian Angel, suited for their requirements. The tool will only give the trader’s wants and needs according to their pre-defined preferences and settings.
Open MetaTrader 5 account and get access to the Guardian Angel add-on for free.
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Guardian Angel Tutorial
This is the main display of messages that will appear every time you open or close positions. Keep this window open while you trade. Each message will be identified with a different color to state its level of severity :
- Green - Positive indication
- Yellow - Medium level of importance
- Red - High importance or danger