Simple Drag n Drop Risk Based Trade - Script.

[Bruster400]

Hi,

I tend to trade manually but I'm always on the lookout for "auto" ways to make it easier. I hadn't seen this script around so I've written it myself and share it as a way to give something back where I can. You drop this script where you want the Stop Loss of your trade. The input box will then allow you to set the risk (% of balance) and the multiple for the Take Profit (1 = 1:1 risk:reward etc). Set the magic number and the comment if required and the script will then place the trade at market price.

If you go into the code and comment out line 15, the script acts without the input box and you get a risk based trade with the correct stop and tp all with a single drop. I've set the defaults to the minimum to force you to think about it but once they are set as you like them, this has got to be the easiest way to place a trade!!

Enjoy

Bruce.

[TraderJoeForex]

Hi,

I tend to trade manually but I'm always on the lookout for "auto" ways to make it easier. I hadn't seen this script around so I've written it myself and share it as a way to give something back where I can. You drop this script where you want the Stop Loss of your trade. The input box will then allow you to set the risk (% of balance) and the multiple for the Take Profit (1 = 1:1 risk:reward etc). Set the magic number and the comment if required and the script will then place the trade at market price.

If you go into the code and comment out line 15, the script acts without the input box and you get a risk based trade with the correct stop and tp all with a single drop. I've set the defaults to the minimum to force you to think about it but once they are set as you like them, this has got to be the easiest way to place a trade!!

Enjoy

Bruce.

Great Idea, thanks Bruce

[SteveHopwood]

Nice one Bruce.