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Risk Reward Line Trader

Summary of Features:

 

This EA is for traders who want to limit the amount of money  they want to  risk  on a particular trade.

The horizontal stop loss line(SL) is used to calculate the maximum amount that can be lost on the trade.

The user can then use the "Risk to Reward Ratio" to input their risk to reward ratio i.

e.g. 1means 1:1 risk to reward. 2 means 1:2, i.e. if the risk is $100 the reward will be $200.

 

How to enter a trade:

  1. Press the" Draw Stop Loss Button", this will create a horizontal line near the current price on the next tick.
  2. Drag it to where you want your stop loss to be.
  3. Input the amount you want to risk in dollars under "Risk in $ " the EA will automatically calculate the lot size.
    • (Please note that the lot size should fall within the parameters that your broker requires)
  4. Input the risk to reward i.e. leave at 1for 1 to 1.
  5. Press Buy or Sell depending on the position of the horizontal line. (N.B. The EA will not execute if the line is above price and "Buy" is pressed or if the line is below price and "Sell" is pressed.)
  6. The trade will be executed at the next tick.
  7. Break even: pressing this button will immediately move the stop to break even.
  8. Close: Pressing this button will immediately close the trade.
  9. Once the SL and TP are determined the EA will automatically delete the SL(Stop Loss) line.
  10. In MT4 the SL and TP lines can still be adjusted as normal by dragging.

 

Notes on Chart setup:


When template is loaded please make sure that the chart is in the background. To do this right click on chart (or press F8) Click on "Common" tab and make sure "Chart on Foreground" is deselected.


Caution:

 

  • Please note that for accounts that have hedging restrictions.

If the buy or sell buttons are pressed when an opposite trade is already running; MT4 will keep trying to execute the command until  the opposing trade is closed.

You may press the "CLEAR" button to get rid of the SL line.

 

  • Due to the differences of each broker's  Meta Trader platform we advise you to thoroughly test the EA on your platform before going live. You may do this with a trial version of the EA before purchase.


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¡TakePropips TradePad Pro incluye un poderoso administrador comercial, un medidor de fortaleza de la moneda, herramientas de informes de cuentas, herramientas de gestión de riesgos y más! ¡Es uno de los gerentes y asistentes comerciales de forex más avanzados que jamás haya encontrado! Es la solución perfecta para los comerciantes que desean una forma más eficiente de administrar las transacciones comerciales. Puede descargar el manual de usuario en nuestra publicación de blog:   https://www.mql
It is a utility (Expert Advisors) that you can easily tweet from MetaTrader Support for "Twitter API v2 OAuth 2.0 with PKCE". Just add a few lines of code to the   Indicator ,   EA   or   Script   you create TweetHelper will tweet a message for you. Preparation: Please apply for a developer account to access the Twitter API. Please refer to the following for setting details and procedures. Example of code (script) for using TweetHelper https://www.mql5.com/ja/code/30967 MetaTrader settin
El MT4 to Discord Signal Provider es una herramienta fácil de usar y completamente personalizable diseñada para enviar señales de trading directamente a Discord. Esta herramienta transforma tu cuenta de trading en un proveedor de señales eficiente. ¡Personaliza los formatos de los mensajes para adaptarlos a tu estilo! Para facilitar su uso, selecciona entre plantillas pre-diseñadas y elige qué elementos del mensaje incluir o excluir. [ Demo ] [ Manual ] [ Versión MT5 ] [ Versión Telegram ] Con
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
Mentfx Mmanage
Anton Jere Calmes
5 (16)
The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
TPSpro Trade PRO
Roman Podpora
5 (4)
An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility TRADE PRO provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over the right part of the chart and cli
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