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Know Your Risk is a powerful tool that is developed to help traders have better risk management in a very simple way. How? The Know Your Risk indicator has two horizontal lines on the chart, a red horizontal line that represents stop-loss and a green horizontal line that represents take profit. The trader is required to place the lines on the chart at areas of stop-loss and take profit. A panel is presented on the left of the chart that displays the risk in pips/points, risk in percentages, the
DESCRIPTION The ‘No Open Trades’ Expert Advisor is a dream come true to any mindful trader that knows that controlling risk is extremely vital to any successful trading plan. The ‘No Open Trades’ Expert Advisor closes all open trades in the account once the percentage loss you set is met. For example, if your account balance is $5,000 and you set the percentage loss to 5. This information has been passed to the Expert Advisor and it will close all open orders once the loss made is -$250 (which
DESCRIPTION The ‘No Open Trades’ Expert Advisor is a dream come true to any mindful trader that knows that controlling risk is extremely vital to any successful trading plan. The ‘No Open Trades’ Expert Advisor closes all open trades in the account once the percentage loss you set is met. For example, if your account balance is $5,000 and you set the percentage loss to 5. This information has been passed to the Expert Advisor and it will close all open orders once the loss made is -$250 (which