It helps to calculate the risk per trade, the easy installation of a new order, order management with partial closing functions, trailing stop of 7 types and other useful functions.
Line function -shows on the chart the Opening line, Stop Loss, Take Profit.
With this function it is easy to set a new order and see its additional characteristics before opening.
Risk management – The risk calculation function calculates the volume for a new order taking into account the set risk and the size of the Stop Loss order.
It allows you to set any size of Stop Loss and at the same time to observe the set risk.
Lot calc button – enables/disables risk calculation.
In the Risk field set the necessary value of risk in percent from 0 to 100 or in the deposit currency.
On the Settings tab select the variant of risk calculation: $ Currency, % Balance, % Equity, % Free Margin, % Custom, % AB prev Day, % AB prev Week, % AB prev Month.
R/TP and R/SL – sets the relation of Take Profit to Stop Loss.
This allows you to set the size of the profit relative to the loss.
For example 1: 1 – this means the size of TP = SL,
2 : 1 – this means that the TP is twice as big as the SL.
RR – on/off the ratio.Orders management
Full description of the utility – https://www.mql5.com/ru/blogs/post/745725
So so good EA to manage perfectly my trading ! Simply Love it !
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