Meta Trader 4 Risk Calculator? Expert possibly?
Hello everyone,
I am wondering if you know if there is a utility available that helps you work out easily take profit chart price levels based on your stop loss and risk % for Meta Trader 4.
For example I might set my investment risk amount to 3% for the trade. I input my stop loss price. I set how many take profit splits I would like maybe 2 or 3. It then works out my lot size for each split and the chart co ordinates for the take profits based on the pair I am trading.
Does such a think exist?
Could an expert be programmed to manage this? place the take profits when the risk % and stop loss level is set?
Regards,
Shane
You can find such scripts/utilities in Codebase or in the Market.
We are not allowed to suggest such solutions in the forum.
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Hello everyone,
I am wondering if you know if there is a utility available that helps you work out easily take profit chart price levels based on your stop loss and risk % for Meta Trader 4.
For example I might set my investment risk amount to 3% for the trade. I input my stop loss price. I set how many take profit splits I would like maybe 2 or 3. It then works out my lot size for each split and the chart co ordinates for the take profits based on the pair I am trading.
Does such a think exist?
Could an expert be programmed to manage this? place the take profits when the risk % and stop loss level is set?
Regards,
Shane