IN D - Risk Per Trade - MT5
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use IN D - Risk Per Trade - MT5
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
THE STORY BEHIND THIS TRADING TOOL:
Most traders lose and this is a fact. There are lot of reasons behind their losses, but the main reason in my opinion is that they can't control their emotions since they are dealing with money. So when we see a trader keep holding a losing trade for so long or when we see a trader closes a winning trade too soon, this trader don't know how to manage emotions.
For example, if we give Ben, Joey and Rachel the same trading plan with the same balance and the same trading information, in the end of the day every one of them will have a different result because they are human beings and have emotions.
So what I did, I create an eyeglasses (a.k.a. the RiskPerTrade trading tool) that will allow Ben, Joey and Rachel to see everything on their screen in terms of % instead of money.
I urge you to try wearing these eyeglasses :)
HOW TO USE IT :
You can check the following video that will explain how to use this trading tool
SCREENSHOTS :
ALTERNATIVE TRADING TOOL:
You can also consult the following indicator which is the
THE STORY BEHIND THE OVERALL RISK TRADING TOOL:
The story behind developing this trading tool was to build a good trading habit, which is to always think in terms of percentage rather than amount of money. This way will allow us to treat small accounts as we are treating bigger accounts, which will allow us to switch from small accounts to bigger accounts smoothly.
HOW TO USE IT :
You can check the following video that will explain how to use this trading tool
