Risk Management Indicator

This Indicators helps the trader to decide the lot size for every trade he will take. This indicator is very easy to use and a must have tool for every novice and professional trader!

Example

1. I have a balance of 1000 USD (1:100 leverage) and I want to set a stoploss of 20 pips on EURUSD.
2. I want to risk just 1% of my balance on this trade.
3. I load the Indicator into the EURUSD chart and fill in the parameters:
• Pips: 20
• Risk: 1

I will get a Lotsize of 0.05 lots

Now I know that I can set a stoploss of 20 pips and lose only 1% of my balance if the stoploss hits!

Settings and Input Parameters

• Pips - How far away the stoploss is from the current price in Pips.
• RiskPercent - How much percentage of your account you will risk for this trade.
• TextSize - Costumize the text size here
• TextColor - Costumize the text color here
• Corner - The prefered corner where you want the value to be
• Xaxis - How far away from the chart the value of the indicator will be
• YAxis - How far away from the chart the value of the indicator will be