Risk & Reward Trading Tool Pro is a trading utility designed to facilitate quick order management with one-click functionality. It supports opening, closing, and modifying market, limit, and stop orders. The tool automatically calculates lot sizes based on user-defined risk amounts and chosen StopLoss levels. It operates in both real-time mode for live trading and backtesting mode for strategy evaluation.
Key features include:
- Quick Trading Panel: Enables order placement and adjustment of StopLoss, TakeProfit, and entry prices either by numerical input or by dragging lines on the chart. Users can switch between buy and sell orders by moving the StopLoss line relative to the entry line. Order amounts can be set as a percentage of balance or fixed value.
- Quick Modifying Panel: Allows editing of order parameters such as StopLoss and TakeProfit prices, TrailingStop, Range (in pips), and Expiry (in minutes). Orders can be selected and their parameters displayed for modification. Orders can also be closed or canceled from this panel.
StopLoss, TakeProfit, and Range values are measured in pips, while Expiry is measured in minutes. The tool supports multiple Forex symbols including EURUSD, GBPUSD, USDJPY, and XAUUSD (gold).