RISK MANAGEMENT TOOL

This is the forex visual tool and position size calculator. The indicator is ideal if you want to:

  • Mark trade entry, stops and targets;
  • Need to control the risk of each forex transaction;
  • Save time with manual calculation of position size, risk to reward ratio and profit on your account.

The tool is ideal for traders looking to control risk on their trades.  It allows you to be

This indicator has been designed to help traders manage position sizing and risk with the click of a button.  What it also does is help to ensure you have the correct risk to reward ratio on the trades you are taking.

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RISK VS REWARD

Using the risk reward ration for MT4, you will be able to estimate the risk on each trade prior to entering the market with a position.

LOT SIZES

You can also use the indicator to help determine the forex lot size for each trade. In the indicators parameters, you can set the maximum percentage of capital that you can loose on a single transaction

HOW TO USE THE RISK MANAGEMENT TOOL

  • Step 1- Add indicator to your chart – make sure you select allow allow DLL imports.
  • Step 2 – Select the draw button from the top left of your chart.
  • Step 3 – click on the chart to select you’re entry point and you will then see three lines appear on your chart. Move the red line (stop) to where you would like the stop to appear.
  • Step 4 – Move the target to where you would like the price to hit.
  • Step 5 – Click button clear with mouse pointer to remove the lines from the chart.
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