How it helps?
Finding the exact value of your trade is now a piece of cake.
Highly customization and takes a small space on the chart, hide it anytime.
Viewing current trade entry, stop loss & take profit is retina friendly.
Email alert, push alert saves time.
Purchase includes
Access to the indicator
Auto software upgrade
Free web manual
Maximum activation for 5 devices
Life time technical support
Version
Current Version : |
1.18 |
Updated : |
27th Mar 2020 |
Published : |
26th May 2017 |
Operating System : |
Windows 7/8/10 |
Info
Timeframe : |
all |
Trading Style : |
anything |
Traded on : |
all |
Make a better trading decision by looking at the monetary value for all open position risk, reward & locked profit, including the risk-reward ratio.
Signals
The indicator shows the following details on the indicator panel.
- Total risk
- Total reward
- Total locked profit
- Total risk-reward ratio
- Drawdown recovery percentage
- No of open trades
Here “total” means the value for the whole portfolio with all open trades including the pending orders.
For individual trades its get plotted as a line on the chart with entry position, stop loss & take profit. If open trade stop loss gets trailed, then marks the same on the chart. This kind of visual marking helps traders to see how their trade is moving. See the picture below for more reference.
Alert system
For busy forex traders, it is not always possible to keep an eye on the trading computer screen all the time. Hence with account balance alert, total risk, total locked profit alert one can keep doing their daily job & stay updated about their account balance.
For example, if you have 7 trades active on your Metatrader terminal, you want to get an alert when “Total Risk” goes above $500. You can do this with this indicator. Also, you can get an alert when your account balance reaches up to a certain amount (example $1000)
Not mention with this indicator it is possible to get an alert for a trailed stop too. If you have any profitable trade running & you want to receive an alert when your trailed position value reaches a certain level. You can set up your alert for emails, mobile push messages & MetaTrader terminal alerts.
Change indicator settings
Users can change indicator signal input parameters according to their choice. For example, if you want to change Bollinger band settings, you can choose Bollinger band settings by scrolling down the input menu.
Change indicator display
Users can change indicator panel display size by changing the height and width. Also can move the indicator panel anywhere around the chart by changing the x-axis and y-axis position. Instead of using default color can use any custom colors according to their choice. Not to mention signal or arrow colors.
To fit into a bigger screen size, the user can change the indicator font size accordingly.
FAQ
Demo version installed, after renting product not working on MetaTrader 4
Please remove the indicator & restart the MetaTrader platform, then reinstall the indicator to make it work. If it still doest work. Then open a ticket at the MetaQuotes support center.
How to edit indicator input parameters?
After adding the indicator right click on the chart. Then click on the “Indicator list” to open a list of indicators. From there select the indicator and at the right side of the column, click on the “edit” button. It will open a custom indicator settings window. From there select indicator “input” tab to open indicator input section.
How to backtest the indicator?
You can refer to our indicator video for more detail & visual guide. You can test this indicator with metatrader strategy tester.
First, open your broker MetaTrader software, then press control + R to open the strategy tester. In strategy tester only important thing you need to remember, that MetaTrader allows backtesting using one instrument or currency pair one at a time.
For this reason, in indicator settings, you need to remove all forex currency pairs & then add only one. The one you are using for backtesting.
What is maximum activation means?
It means maximum for how many devices you can use this indicator under your current license. If maximum activation is 5, that means if you rent it for one month, under that license you can use this indicator on 5 devices maximum.
wpDiscuz