Pro Traders see RI S K as Percentage MT4
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Pro Traders see RI S K as Percentage MT4
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
Description & Settings
INTRODUCTION:
Most traders keep losing money because they focus on money rather than planning their trades based on Percentage risk. For example, you might afford to risk $300 of your $3,000 account on one single trade (which is 10% of your account), BUT are you willing to take the same trade with the same 10% risk on a $30,000 account (which means you will risk $3,000)?
A word of advice: the path to become a begin when you are able to see risk and profit as percentage and not money
HOW TO USE IT :
In the video below, we will guide help you see your risk and your target as percentage rather than money or pips. It will show you the same trades on two different account, a small account and a big account.
RECOMMENDATION :
It is very essential to build your in order to be able to set your trades in advanced as it was already shown in the video above. In the video below, we will guide you step by step to create your own attractive market watch list for potential entries. We will explain
How to install the script,
How to eliminate the first set of unattractive charts from our market watch list,
How to study each remain chart and make sure that they are attractive.
Remark: make sure you have downloaded all charts' data, or the script will be slow since it will try to download all charts' data while it is running
IMPORTANT INFORMATION YOU NEED TO KNOW
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Please note that investing involves risks. Any decision to invest in either the real estate or stock markets is a personal decision that should be made after thorough research, including an assessment of your personal risk tolerance and your personal financial condition and goals. Results are based on market conditions and on each individual and the action they take and the time and effort they put in.
