Risk Management
Order Panel - Account Size - Account Currency - Risk Percentage - Stop Loss Pips - Take Profit Pips (1-3) - Draw TP and SL Zones (manual and automatic)
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Order Panel - Account Size - Account Currency - Risk Percentage - Stop Loss Pips - Take Profit Pips (1-3) - Draw TP and SL Zones (manual and automatic)
Last updated
Was this helpful?
The risk management features integrated into our algorithm helps users trade safely and stay in the game longer by providing users with the appropriate lot size to trade with, identify the take profit and stop loss zones to use and it even provides users with an automatic zone finder.
This toggle box if enabled will show users a table that is located on the top right of the chart. The table will contain information on user's account type, account size, risk percentage, pip values of the current market, and calculate the lot size to use for the user. If disabled then the table will delete itself from the chart.
This input field is where you will be entering your account's deposit or current balance, which will be used in calculating the lot sizes you need for your trades. There is no minimum or maximum threshold on this input field so you can have the full correct value of your account.
This input field is where you will enter your account's currency type, which will be used in calculating the lot sizes you need for your trades. You can enter any currency however it has to be accurate to the text. Here is an example list of account currencies.
GBP, USD, CAD, CHF, JPY, ZAR, HKD, EUR, THB, NZD, AUD, SGD, TRY, PLN, HUF, DKK
This input field is where you will enter how much you plan on risking per trade, ideally users should risk below 1.5% of their account. We recommend the most you go for is a 1% risk but 0.5% will be the safest bet for beginners. Risk percentage will massively impact the end lot size to use for your account.
This input field is where you will enter your target stop loss in pips and this will impact the lot size result too as the goal is to only lose the risk percentage of your account and no more than that so you can stay in the game longer, therefore the greater the stop the smaller the lot size and the smaller the stop the greater the lot size.
These input fields is where you will enter your ideal take profit distances in pips and these values will impact the strategy mode and the plotting of TP and SL zones. Users should have TP 1 as their lowest pip distance from entry, TP 2 as a mid point and TP 3 as the furthest appropriate distance to reach in pips.
This toggle box if enabled will draw your inputted stop loss and take profit zones into the chart on every signal so you know where these zones are exactly price wise and you can set them with ease as you will not need to use the position tool again.
This toggle box if enabled will choose random pip values between your set take profit and stop loss pips and draw them zones onto the charts. However, changing pip values can make these zones switch up slightly due to the ability of being able to select random zones.
