We're pleased to announce that a risk calculator has been added to the Autochartist plugin for MetaTrader platforms. This will help to make your trading on the Forex market more effective as you can use it to calculate the ideal volume with which to open your position based on how much of your funds you’re willing to risk.
Set the amount of funds you’re willing to risk, the opening price of your market or pending order, and a Stop Loss level, and the calculator will work out the ideal volume for your position based on your parameters.
Using the calculator is easy; go to the “View” menu in the toolbar and select “Navigator”. Then, find the “Autochartist_Risk_Calculator” icon in the list of indicators in the “Navigator” window and click and drag it onto the chart of your chosen trading instrument. The risk calculator will appear automatically.
We hope that you find this new feature useful.