Risk Reward Setter

This is a simple risk/reward setter. You enter your TP and SL in the currency amount and it sets it for you, you set your targets in money (not in pips), it helps beginners who are still learning about risk/reward ratios to set their risk/reward based on their capital or amount of money. For example, if you want to risk $3 to make $10, you just fill it in and it sets your order targets accordingly.

  • You can set the TP and SL per chart or all opened charts only.
  • Please make sure your targets are realistic, do not open a very small position and set an unrealistic reward target.
  • If you are having any problems running, it please do let me know.


Parameters

  • period - work for any period as it only adjusts your SL and TP
  • Settings - you have three inputs in the settings
    • Apply To: Pair (only the linked chart) / Account (all open orders)
    • Take profit in money: amount of money you need your TP to be set to.
    • Stop loss in money: amount of money you need your SL to be set to.
    • Make sure live trading is checked to be able to adjust your opened positions and future ones.
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" Trader Evolution " - A utility designed for traders who use wave and technical analysis in their work. One tab of the utility is capable of money management and opening orders, and the other can help in making Elliott wave and technical analysis. Manual (Be sure to read before purchasing) | Version for MT5 Advantages 1. Trading in a few clicks. Immediate and pending orders are available in the panel 2. Money management. The program automatically selects the appropriate lot size 3. Simplifies
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