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Lot by Risk

The Lot by Risk trading panel is designed for manual trading. This is an alternative means for sending orders.
The first feature of the panel is convenient placing of orders using control lines. The second feature is the calculation of the order volume for a given risk in the presence of a stop loss line.

 

Control lines are set using hot keys:

take profitT key by default;

priceP key by default;

stop lossS key by default;

You can configure the keys in the settings of the trading panel.

 

Algorithm:

1) – place the levels in the desired locations (it is not necessary to place all the levels);

2) – specify the risk (optional);

3) – click the green send order button;

4) – wait for the order to be placed, or an alert will appear with an error message;

5) – if we want to close all orders for the current symbol that are linked to the expert Advisor by magic, then click the close orders button.

Do not click the send order button many times. Once is enough. After placing an order, the button will take the "not pressed" state.

To send an order with risk calculation, you must set the stop loss line and set the risk in the "Risk" field of the trading panel. Otherwise, the order will be placed with the minimum lot for the current trading instrument.

The risk is calculated from the account balance. You will not be able to make 100% risk due to the broker's restrictions related to the specifics of margin trading.

Fractional numbers are allowed in the" Risk " field (for example, you can trade at a risk of 0.5% of the balance).

If the specified risk is lower than the allowed lot, the order will be placed with the minimum lot for the current trading instrument.

To place an order on the panel, you must have a take profit or stop loss line.

If you do not place the price line, the order is placed by the market.

If stop loss is not set, orders will be placed with the minimum lot for the current trading instrument.

If stop loss is specified, but the Risk is not specified in the "Risk" field, the order will also be placed with the minimum volume.

Pending orders are placed indefinitely.

To trade the minimum lot, simply delete the contents of the "Risk" field.

 

Inputs:

magic = 111 – the magic number for orders;

slippage = 5 – slippage for market orders (set in pips);

comment = “ ” – comment on the placed orders;

font = 7 – font for graphic objects;

HK_TP = “T” – hotkey for the take profit control level (only A-Z, a-z, 0-9);

HK_SL = “S” – hotkey for the stop loss control level (only A-Z, a-z, 0-9);

HK_PR = “P” – hotkey for the price open control level (only A-Z, a-z, 0-9).

 

important!!!

1) the hotkey characters must differ from each other.

2) to place a order, you must have a take profit OR stop loss line.


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Version 5 Updated ! Setup Easy Virtual Trader > Input your Rules > You are ready to trade from mobile or another EA or anywhere....Let robot manage your Trades !  This powerful EA will help you manage ALL or SPECIFIC trades automatically based on your PRE-SET rules and settings Once it is setup and running on just one chart, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules You can trade from your desktop MT4 or fro
40 USD
RepliTrades Trader
Sergio D. Rocha
This is a system consistent of 2 components: RepliTrades Source: It sends the trades to one or more terminals into the same Computer RepliTrades Trader: It trades the orders sent by RepliTrades Source   Please watch the video to learn how it works and use it. Features: Manage up to 300 trades at same time in each terminal. Work with any broker, no matter if uses suffix or prefix in symbols names. Replicate pending orders (limits or stops orders) or direct trades (market orders, etc) and its mo
35 USD
Automatic stoploss takeprofit and Trailing stop
Hussein Alebrahimi
  automatically sets a pre set take profit and stop loss on all orders that lack the selected stop(orders without sl/tp or both). This enables quicker opening of orders especially if you use a common take profit, stop loss or both for all orders of a current pair. You only need to open orders without having to calculate your stops and no matter how many orders you have opened the EA will set stops for you as long as you have attached the EA on the currency pairs chart. For pending orders the EA
35 USD
Signal Manager
Nguyen Nga
This is an Expert Advisor for Subscriber. It is used to increase the lot size of each order from signal, reduce slippage. Only attach it to one chart, it will automatically copy all trade from MT4, not copy old trade open before attach the Expert Advisor. Parameters Name of Signal : input name of the signal (or copy order comment from the signal). Use Multiplier Lots : lot size = Multiplier x provider's lot size, 0 - disabled. Use Fixed Lots : default 0 - disabled, only used when Use Multiplie
39 USD
Telegram MT4 Signal Trader
Nguyen Van Anh
Telegram MT4 Signal Trader EA  help you trade Text & Image format  signals  receiving via Telegram Channels, groups, chats You don't need to be the owner of the channels. If you can read the signal texts in your Telegram account, you can trade them all The EA needs a free  awesome tool -  Telegram Reader Vx program  that help read the texts from Telegram channels through Telegram API. HOW TO SET UP Read the   user guide here   to know how to set up and   understand how the EA works . * MAIN FE
149 USD
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