Lot by Risk - cTrader

Lot by Risk - cTrader Documentation

Overview

The Lot by Risk - cTrader cBot is designed to assist traders in managing risk effectively while trading. This cBot provides a range of features to set risk parameters, draw trading lines on charts, and interact with these lines for placing trades. It is user-friendly and enhances the trading experience by providing a visual and interactive interface for risk management.

Features

1. Risk Management:

• Set different risk percentages (e.g., 1%, 0.5%, 0.25%, 0.12%) and choose the default risk setting.

• Visualize risk-to-reward ratio based on entry, stop loss, and take profit lines.

• Automatically calculate lot sizes based on the chosen risk percentage.

2. Interactive Trading Lines:

• Draw Entry, Stop Loss (SL), and Take Profit (TP) lines directly on the chart.

• Move lines interactively to update trade parameters.

• Hotkeys for quick drawing of lines.

3. Trading Panel:

• A trading panel that displays current trade settings and risk/profit amounts.

• Options to show/hide and reset lines for better chart management.

• Minimize and maximize the panel for focused trading.

How to Use

1. Setting Parameters

• Step 1: Open the Lot by Risk - cTrader cBot settings.

• Step 2: Adjust the risk percentages as per your trading strategy.

• Step 3: Select the default risk setting.

• Step 4: Choose your desired hotkeys for drawing Entry, SL, and TP lines on your chart.

• Step 3: Add the cBot to your chart.

2. Drawing Trading Lines

 Hotkeys:

• Press the configured hotkeys to draw Entry, SL, and TP lines.

• Default keys: E for Entry, S for SL, T for TP.

• Modifier key can be set for combination key presses.

Interactive Lines:

• Adjust the lines on the chart to set desired entry, stop loss, and take profit levels.

• The cBot will automatically calculate the lot size based on the risk percentage and update the panel.