Hello. Here is the indicator which calculate your position lot based on your Entry Level, Stop Loss Level and Risk Percentage per trade.
I would be deeply grateful to whom can add some features to this indicator which will help a lot of traders in this forum.
The features needed to add:
Risk Reward %:
Take Profit level (based on Risk Reward %).
For Example
Account 1000 $
Risk per trade%: 1.5% (SL 15 $)
Risk reward per trade%: 6% (TP 60 $)
Risk Ratio - 1:4
EURUSD sell 0.1 lot at 1.1800 SL 1.1815 TP 1.1740
But here is the ONE POINT: When price moved in your favor and you see the opportunity to add on your winning position, you add.
After adding a position i wanna indicator TP level to be change to the price where i will exit with total PROFIT 60 $.
Lets say I opened additionally EURUSD 0.1 lot 1.1780, then TP for both orders will be at 1.1760 where i will exit with profit 60 $. Sure here it must be considered lot size of a position too
Hope i explained it correct and relaying on your sense to help your trader fellows, I believe it won't so much difficult for coders to do this.
I would be deeply grateful to whom can add some features to this indicator which will help a lot of traders in this forum.
The features needed to add:
Risk Reward %:
Take Profit level (based on Risk Reward %).
For Example
Account 1000 $
Risk per trade%: 1.5% (SL 15 $)
Risk reward per trade%: 6% (TP 60 $)
Risk Ratio - 1:4
EURUSD sell 0.1 lot at 1.1800 SL 1.1815 TP 1.1740
But here is the ONE POINT: When price moved in your favor and you see the opportunity to add on your winning position, you add.
After adding a position i wanna indicator TP level to be change to the price where i will exit with total PROFIT 60 $.
Lets say I opened additionally EURUSD 0.1 lot 1.1780, then TP for both orders will be at 1.1760 where i will exit with profit 60 $. Sure here it must be considered lot size of a position too
Hope i explained it correct and relaying on your sense to help your trader fellows, I believe it won't so much difficult for coders to do this.
Attached File(s)
Think like an investor, Act as a speculator. Ferid H.
