The tool helps you figure out how many units (lots) of a financial instrument you should trade to keep your risk within a specific dollar amount.
It considers the entry price, stop-loss (SL) price, and the amount of money you're willing to risk.
How It Works
To use the indicator you need to select:
- Entry Price: The price at which you plan to enter the trade.
- Stop-Loss Price: The price level where you'll exit the trade to prevent further losses.
Additional parameters:
Risk Amount ($): The maximum amount of money you are willing to risk on this trade.
For a simpler usage, you can add it to Favorites, and always select it from your Indicators drowdown list.
It considers the entry price, stop-loss (SL) price, and the amount of money you're willing to risk.
How It Works
To use the indicator you need to select:
- Entry Price: The price at which you plan to enter the trade.
- Stop-Loss Price: The price level where you'll exit the trade to prevent further losses.
Additional parameters:
Risk Amount ($): The maximum amount of money you are willing to risk on this trade.
For a simpler usage, you can add it to Favorites, and always select it from your Indicators drowdown list.
Versionsinformation:
Custom RR for TP visualization
Versionsinformation:
Chart sample update