cTrader Risk & Reward Charting Tool paid

by ClickAlgo in category Other at 29/10/2018
Description

The new Long & Short pending order and position drawing tool for cTrader is finally here, this highly demanded feature lets you estimate your risk & reward at a glance before you place a long or short trade. It shows the Profit & Loss (PnL) and estimates risk and closing account balance when the price reaches your profit target or stop-loss levels. Now with extra features which allow you to calculate your risk for stop and limit pending orders as well as submit and manage the orders using the tool.

 

Why is This Charting & Trading Tool Such a Game Changer?

The most useful feature of this tool is that you can set the amount you want to risk per trade as either money or as a % of your account, once this is completed in the settings panel as shown below, the risk/reward tool will re-adjust your position size so that no matter where you position your stop loss your risk stays the same. With this invaluable tool, you can act in a fast moving market knowing you are not risking more then you set out to do at the start of the trading.

CLICK HERE TO DOWNLOAD THE CHARTING TOOL

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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
´╗┐using cAlgo.API;
using System.Windows.Forms;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.FullAccess)]
    public class ClickAlgoIndicator : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            var ret = MessageBox.Show("It is not possible to download the software from the cTDN website. Would you like to visit us at ClickAlgo.com where you can download it?", "Downloading...", MessageBoxButtons.YesNo, MessageBoxIcon.Information);

            if (ret == DialogResult.Yes)
            {
                System.Diagnostics.Process.Start("https://clickalgo.com/risk-reward-tool");
            }
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }

    }
}
Comments

iambozdar - October 24, 2020 @ 11:46

When installed it shows as "new software" in custom indicator list. Is there any way to rename it?

0