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. cTrader V3.3 and above 

If your broker has not yet upgraded to v3.3 you can download the beta version here

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

Paul Hayes
Sales & Marketing
Emailcontact@clickalgo.com
Phone: (44) 203 289 6573
Websitehttps://clickalgo.com

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

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class NewSoftware : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

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


        protected override void Initialize()
        {
            Print("It is not possible to download the software from the cTDN website. Please visit clickalgo.com");
            ChartObjects.DrawText("ShowCopyright", "It is not possible to download the software from the cTDN website. Please visit:-  https://clickalgo.com/ctrader-risk-reward-chart-trading-tool", StaticPosition.BottomCenter);
        }

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

    }
}
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