- If you want to place forex trades easier, faster and more intuitive?
- If you like to mark trade entry and exit points on charts?
- If you need to control the risk of each forex transaction?
- If you need a good money management to improve your forex trading
- If you want to save your time for manual calculations of position size, risk to reward ratio, amount of loss and profit in account currency?
This tool is suitable for you!
Risk Reward Ratio Forex Indicator for MetaTrader platform makes your forex trading easy and professional. It performs all necessary calcualtions for you and allow to control your trades. Thanks to this you can make decisions about trades faster and more consciously. This indicator save your time. Trade like a pro with the best fx tools.
Visit the website https://www.investsoft.eu and learn more.
Using risk/reward ratio in trading
Using the Risk Reward Ratio Forex Indicator, you will be able to estimate the risk of each transaction opened on the forex market. Advanced investors know that money management is the most important thing in forex trading. Thanks to this forex tool, you can estimate the risk each planned trade and exactly check the size of your potential profit and possible loss in the account currency.
Position Size Forex Calculator
You can also use this indicator as a lot size forex calculator based on risk. In the indicator's parameters, set the maximum percentage of capital that you can lose on a single transaction. Then, move stop loss line on the chart to set exit level and indicator will automatically calculate the position size. With this indicator you will never have to manually calculate lot size saving a lot of time. Using the Risk Reward Ratio Indicator, you will be aware of risks of forex trading and placing orders will be quick and easy.
How to use Risk Reward Ratio Indicator
Step 1: Draw lines
click the draw button (with pencil) and then click on the chart where you want to place the „Open” line.
Step 2: Move lines
double click on lines and move them to specified levels where you planned to open order and set stop loss and take profit.
Step 3: Adjust lot size
set lot size in panel and read what is your stop loss and take profit value in account currency.
if you will select on of the lot calculation methods in indicator params (param “Lot Calc. Type”), then the indicator will calculate the lot size automatically depending on the selected risk (the AllowedRiskPercent parameter) and stop loss distance.
Step 4: Place order
run RRR_SendPendingOrder or RRR_SendOrder script to place/open order
Step 5: Clear lines
click button clear (with rubber) to remove lines from chart.
free or full version of Risk Reward Ratio Indicator.