Money Management Tool

Money Management Tool used to calculate the position size according to the rules of money management for both market and pending orders. position is calculated on the basis of fixed position size OR as a% of the account balance, OR as a% of the set account size.

Line of stop-loss and take-profit is dragged to the desired level. By clicking the mouse Money Management Tool implement a market order (BUY or SELL) or pending order (BUY STOP, BUY LIMIT, SELL LIMIT, SELL LIMIT) in accordance with the calculated values ​​of them. When calculating the position size is taken into account the following meanings: "The value of a pip" (Each currency pair or tool has its importance pips), "The difference between the current price and the line stop-loss" or "The difference between the pending order and the line stop-loss" and "money management method (% of the account,% of the set size of the account, a fixed lot size)." For a more detailed description of the video is available on YouTube.

Video