• Overview
  • Reviews
  • Comments (1)

Risk Management Indicator

This Indicators helps the trader to decide the lot size for every trade he will take. This indicator is very easy to use and a must have tool for every novice and professional trader!


Example

  1. I have a balance of 1000 USD (1:100 leverage) and I want to set a stoploss of 20 pips on EURUSD.
  2. I want to risk just 1% of my balance on this trade.
  3. I load the Indicator into the EURUSD chart and fill in the parameters:
    • Pips: 20
    • Risk: 1

I will get a Lotsize of 0.05 lots

Now I know that I can set a stoploss of 20 pips and lose only 1% of my balance if the stoploss hits!


Settings and Input Parameters

  • Pips - How far away the stoploss is from the current price in Pips.
  • RiskPercent - How much percentage of your account you will risk for this trade.
  • TextSize - Costumize the text size here
  • TextColor - Costumize the text color here
  • Corner - The prefered corner where you want the value to be
  • Xaxis - How far away from the chart the value of the indicator will be
  • YAxis - How far away from the chart the value of the indicator will be
No reviews