Risk management is the biggest challenge for every trader. And many factors affect it.
The most basic thing that determines risk is the
SL distance and its management, which must be controlled accurately and without emotions.
To control it, I first check a strategy on the chart and strategy tester, and check the average risk and its reduction pattern in the course of the transaction.
Then, to avoid human and emotional errors and also to increase the speed of action, I turn it into an
expert advisor.
And finally, I test it in very difficult and specific situations and conditions and different currencies.
In the next stage, I use it on a demo account and then a real account with small capital on the server.
This process usually takes a few months, but it is reliable.
You can check these two examples: