Super Risk Reward Panel MT5

The demo version of the product is available here.

Also, the panel version is available here.

At the heart of any two components are profitable trading system: the input (setting orders) and an outlet (closing orders). You can go out at a certain time, for example, after the close of the London session. You can also go out when the price reaches a certain level of support / resistance.

Super Risk Reward Panel MT5 - It is intuitive and easy to use graphical tool that allows you to:

• Detect and isolate closest to the current price of the upper and lower levels of support / resistance (of the seven most important levels, which are pivots S1 and R1, daily / weekly / monthly pivots, previous daily highs and lows). See. Screenshot.


• Finding the optimal risk reward ratio by calculating and comparing the distance between the lowest level closest to the current price. See. Screenshot.


• Use the buy / sell buttons to set the warrant. Stop-loss orders and take profit levels are set higher, providing the optimal ratio of risk to reward.

Features

• The ability to choose the support / resistance levels for the calculation of risk-profit


• Adjustable position indicator panel

Input parameters

• Magic No - Magic number


• Lot Size - Lot Size


• Use Pivot Support - use the support pivot




• Use a pivot support for the calculation of risk-profit


• The same rule applies to the following six levels of support / resistance




• Use Pivot Resistance - to use the pivot resistance


• Use Daily Pivot - use daily pivot


• Use Weekly Pivot - use weekly pivot


• Use Monthly Pivot - use the monthly pivot


• Use Previous Daily High - use the previous day high


• Use Previous Daily Low - use the previous day low


• X_axis: position of the panel on the X axis


• Y_axis: position of the panel on the Y axis

Objects panel

See screenshot:

1. Current price


2. Seven of selectable important support / resistance levels: a) the selected levels are painted in yellow color; unselected - white; b) the next upper layer is colored in green; the closest lower level painted in red.




• Pivot S1


• Pivot R1


• daily pivot


• Weekly pivot


• monthly pivot


• Previous day high


• Previous day low




3. Distance (pip) between the nearest upper / lower level S / R and the current price




• If the price rises above the selected level, the cell is displayed in a U NA


• If the price drops above the selected level, the cell is displayed in D NA




4. Buy / Sell / Close button (buy / sell / close):




• Click the buy / sell button to set the warrant. Stop-loss orders and take profit levels are set higher


• Click the close button to close all orders with a magic number adviser




5. risk ratio of the panel to profit




• The number on the panel indicates that the ratio of risk to reward. If the price rises / falls above / below the levels of all selected displayed 'NA' on panel


• If (current price - the closest lower level) > (Nearest the upper level - the current price), the panel is painted in red color


• If (the next upper level - the current price) > (Current price - the closest lower level), the panel is painted in green color

If you have any individual request and / or suggestion, contact me.