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WHY USE RISK CALCULATOR?
Trading can be stressful and unpredictable at times. This is why it’s advised to work out your risk and lot size before entering any trade to avoid blowing accounts.
This is why we created Risk Calculator for MetaTrader. Traditionally traders would see a potential trade that they’d like to open, count the number of pips to their stop loss and use a calculator or spreadsheet to calculate their lot size for that trade. As every trade is different, this can be a time consuming process before executing a trade. Or even by the time you’ve finished calculating, you’ve completely missed your entry. Risk of human error when entering a trade is also eliminated, allowing you to focus on your entries.
HOW DOES IT WORK?
Simply enter the percentage you’re risking and / or the Ratio on our MetaTrader app. Press the “Buy Calc” or “Sell Calc”. This will trigger lines on your actual terminal where you can see the amount you are risking in whichever currency your account is funded in, alongside the lot size to trade. When you agree, press Enter to execute the trade. That’s it! – It even works on future pending orders too!
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