Category Other  Published on 06/12/2023

[Fx4U] Risk & Reward Trading Tool

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

Price for this indicator: $60/ lifetime

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Please visit https://fx4u.net/ to get this indicator or contact https://t.me/vnfx4u/ for more details

This is a tool to help traders open/close orders/modify orders quickly with just one click. This tool has already calculated the number of Lots based on the amount of risk for each order and the StopLoss you choose. It can work in both Real-time mode for live trading as well as in Backtesting mode to test your strategies.

In “Quick Trading Panel”:

Important note: To change between BUY and SELL orders, please drag the StopLoss line on the chart above or below the Entry Line.

– You can open and close both market orders and Limit orders or Stop orders.

– You can adjust the order amount as %Balance or a fixed order amount for each order. Based on this amount and the StopLoss you choose, the bot will automatically calculate the number of Lots to open the order.

– You can edit StopLoss, TakeProfit or Entry Price (for pending orders) by changing the SL, TP or Range numbers in “Quick Trading Panel” or dragging the horizontal lines on the chart.

– SL, TP and Range (for pending orders) are calculated in Pips, while Expiry(min) is calculated in Minutes (If you don’t use Expiry, leave it as 0 or space)

This is the panel to open Market orders

This is the panel to open Limit orders

This is the panel to open Stop orders

In “Quick Modifying Panel”:

– In this Panel you can close orders or edit order parameters such as StopLoss (in Prices), TakeProfit (in Prices), TrailingStop or Range (in Pips) and Expiry (in Minutes)

(Note that StopLoss and TakeProfit in this panel are the prices you intend to move to)

– In this Panel you can also change StopLoss, TakeProfit or Range(in Pips) by number in the panel or drag the horizontal line on the chart to the desired position.

– You can change back and forth between orders to display the parameters of those orders on the Panel

This is the panel to modify Market orders

Note: The number in the yellow rectangle is the ID number of the order being selected for editing

This is the panel to modify Pending orders

Wishing you successful trading!


The author decided to hide the source code.
FX
Fx4U.net

Joined on 30.10.2021

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: Risk & Reward Trading Tool.algo
  • Rating: 5
  • Installs: 930
  • Modified: 27/02/2024 16:05
Comments
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TI
timosilver · 8 months ago

where is the trial version?

 

AM
amarasheikh029 · 11 months ago

nice

SH
sherlock828r · 1 year ago

It's not a bad idea to start with a trial version. To understand how it works and whether it is needed or not. I don't buy a pig in a poke.