Hey everyone, I’ve got a question about managing risk in trading. The issue is, when placing a trade, it’s hard to figure out the exact lot size to risk a specific amount, like exactly 1% of the account balance. Is there any expert advisor (EA) or indicator that can help with this?
Ideally, I’m looking for a script that works like this:
• I can set the stop-loss percentage in the settings (e.g., 1%).
• Take-profit can be set manually, but that’s less important — the main focus is the stop-loss.
• There are buttons for “Buy” and “Sell.”
• The most important part: the opening price should adjust dynamically with the current price, because the market moves fast, and I often end up risking more or less than planned since I don’t have time to adjust the lot size properly.
Does anyone know of an EA, script, or tool that does this? Thanks in advance!
Ideally, I’m looking for a script that works like this:
• I can set the stop-loss percentage in the settings (e.g., 1%).
• Take-profit can be set manually, but that’s less important — the main focus is the stop-loss.
• There are buttons for “Buy” and “Sell.”
• The most important part: the opening price should adjust dynamically with the current price, because the market moves fast, and I often end up risking more or less than planned since I don’t have time to adjust the lot size properly.
Does anyone know of an EA, script, or tool that does this? Thanks in advance!
IgorFX