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The new Long & Short pending order and position drawing tool for cTrader is finally here, this highly demanded feature lets you estimate your risk & reward at a glance before you place a long or short trade. It shows the Profit & Loss (PnL) and estimates risk and closing account balance when the price reaches your profit target or stop loss levels. Now with extra features which allow you to calculate your risk for stop and limit pending orders as well as submit and manage the orders using the tool. cTrader V3.3 and above
LICENSE TYPE: 2 PC's, Single Fee, Trial Available
£24.99

Charting & Trading Risk & Reward Drawing Tool

This tool has been in high demand for the cTrader platform for a very long time, now you can you can practice placing orders and seeing results without actually having to place the orders – get confident and knowledgeable before risking real money in the markets.

 

 What If Your Broker Is Not using v3.3?

Most brokers will have already updated to v3.3, but IC Markets & FxPro will take a little longer, but you can still download cTrader Beta from the link below and also download the trial version of this software by clicking on the trial button at the bottom of this page or the down arrow button in blue above.

The robot will automatically stop if you are using an older version of cTrader

Download cTrader Beta v3.3

 

The Power Of Stop Loss & Risk vs Reward

 The stop loss is your most powerful tool which allows you to limit your losses. It is also a level from which you feel that your scenario will not happen anymore. It is usually required as an insurance policy for every position so that you can keep your money safe. When a Trade is going wrong, you can be sure that a large part of your capital will be safe. All you need to know is how to place your stop. Once you have a stop loss you can sleep more easily.

The image below shows a long limit order simulation if the green cows head button is clicked it will open a real limit order.

 

 cTrader Auto Risk Reward Tool

The Secret of a Risk/Reward Ratio (RR)

The RR ratio is the difference between your potential profit and your potential loss of a trade. You simply divide the pips number you expect to win by the pips number you expect to lose. If you place an order with a take profit of 100 pips and a stop loss of 50 pips then your risk/reward will be 2 which means that you will need to win only 1 trade to recover the loss of 2 trades. Never take a trade if your risk/reward ratio is below 1. 

 ctrader game changing software

 

Why is This Charting & Trading Tool Such a Game Changer?

"Size Matters in the Financial Markets"

 

 The most useful feature of this tool is that you can set the amount you want to risk per trade as either money or as a % of your account, once this is completed in the settings panel as shown below, the risk/reward tool will re-adjust your position size so that no matter where you position your stop loss your risk stays the same. With this invaluable tool, you can act in a fast moving market knowing you are not risking more then you set out to do at the start of the trading.
 
ctrader risk reward control panel 
 

Using The Tool For Charting Analysis

This tool can be used for potential trade set-ups showing your risk and reward in pips, money and as a % of your account, it gives you all the information you need to enter a trade with confidence knowing that you will not risk more of your money then you want to.

 
cTrader Risk Reward Settings Panel
 

Fixed Risk Feature Explained

 You have 3 options to choose from that will manage your risk so that you will never lose more on a single trade then what you planned to lose prior to starting any trading. WHEN YOU SUBMIT AN ORDER AND ADJUST THE STOP LOSS THE RR TOOL WILL CONTINUE TO MANAGE YOUR RISK

FIXED CASH RISK

This allows you to set an amount in monetary terms that you wish to lose for a single trade, as an example if you select €5.00 as shown in the image above as your fixed cash risk then the RR tool will automatically calculate your position size so that your risk is around €5.00 no matter where you place the stop loss.

% OF YOUR EQUITY & BALANCE

If you select this option the tool will automatically calculate the position size so that you will never risk more than a set % of your account equity or balance.

THE ACCURACY OF THE TOOL

This tool is not perfect, it has an accuracy rate of between 90-100%, the higher the volume of the position size the more accurate it is if you have a low volume of 1K and you have a very wide stop loss then this tool will display a warning to you stating that it can no longer manager the risk.

 

 Other Settings Explained

 You will need to understand what the other settings are so that your risk is calculated correctly.

COMMISION

You can get this value from your broker FxPro clients can expect commission charges only on Forex pairs & Spot Metals on the FxProcTrader platform. FxPro charges $45 per million USD traded. So you would enter 45 in this box.

CURRENCY

This is the currency that is displayed in the risk/reward tool, we get the correct value from your cTrader account, so you would not normally need to change this value, but you will have the option, just in case your account is set up different.

COMPACT VIEW?

This option is set to No as default and will display the full risk or reward information if you would like to have less information displayed set this value to YES.

 USE LAST SWING?

If this option is set to YES, when you open a chart tool it will automatically calculate the last swing high and low prices and for the current timeframe and place the stop loss and take profit accordingly. The classic definition of a swing low is a low on a candle or a bar chart that has a higher low on either side. 

 

ctrader last swing high and low

  • Last swing high – A swing high is formed when the high of a price is greater than a given number of highs positioned around it.
  • Last swing low – A swing low is created when a low is lower than any other point over a given time period.

Watch a Video Demo on How To Use The Last Swing Option

What Is Swing Trading?

 

ZONE OPACITY

This allows you to specify how much of the risk & reward zone is shaded, if you select 255 it is completely shaded in with the colour you select, 0 will remove all shading and you will not see any zones, a good value is around 40-80

 RISK & REWARD ZONE COLORS

You have the option to set your own colours for the zones by clicking on the buttons and picking one.

ctrader reward zone colour

 

Submit Market, Stop & Limit Orders Using The Tool

 While the drawing risk/reward simulation tool is displayed on the chart the trader can at a glance look at the potential loss and reward before they enter a trade by placing the stop loss and take profit levels below and above major support and resistance levels. When they are happy with the trade set-up they can simply click on the button from the RR tool control panel and an order will be placed at the exact same stop loss, take profit and entry price levels.

  • Market order - this is a commitment to the brokerage company to buy or sell a security at the current price. Execution of this order results in the opening of a trade position. Securities are bought at ASK price and sold at the BID price. 
  • Buy Limit – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase
  • Buy Stop – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing
  • Sell Limit – sell provided the future "BID" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall
  • Sell Stop – sell provided the future "BID" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

 

Learn How-To Trade With The Risk & Reward Tool

Once you have submitted your market or pending orders the charting tool becomes a clever trading tool that will continue to manage your risk for you.

How To Create and Adjust a Market Order

  1. Open a long or short RR tool onto the chart.
  2. Adjust the stop loss and take profit by dragging the 2 lines to your perfect trade set up.
  3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
  4. Click on the open order button and a market order will open.
  5. Your stop loss and take profit price levels should match the pre-set levels of the RR tool.
  6. To modify the open position and update the RR tool just drag your stop loss or take profit to your desired level.
  7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

Watch a Market Order Video Demo

 

How To Create and Adjust a Pending Order

  1. Open a long or short RR tool onto the chart.
  2. Adjust the stop loss, take profit and entry price by dragging the 3 lines to your perfect trade set up.
  3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
  4. Click on the open order button and a pending order will be submitted.
  5. Your stop loss, take profit and entry price levels should match the pre-set levels of the RR tool.
  6. To modify the pending order and update the RR tool just drag your stop loss, take profit or entry price to your desired level.
  7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

Watch a Pending Order Video Demo

 

Account Profit & Loss Widget Included

The cTrader Profit & Loss Dashboard Widget is part of the professional trading components collection that gives you a unique view of your account information including daily profit targets, spread and buyers and sellers breakdown for each symbol. 

cTrader account info widget

Find out more about this widget

 

Important Information

This tool was built using the latest features available in cTrader, what that means is that you will need to use at least cTrader v3.2 and above for it to work correctly. If your broker has not yet updated to the latest version, they will very soon. If you still want to try this tool out, you can still download the trial version and use a broker which has already updated to v3.2 or download cTrader beta from the link below.

Download cTrader Beta

 

Watch a Video Introduction

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 11 minutes

Watch The Complete Video Playlist

 

ctrader surfer trader free trial
Click on the button above to download your 14-day free trial
 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ REQUIRES V3.3 AND ABOVE OF CTRADER FOR WINDOWS ~

 clickalgo submit help desk ticket

 Problems Installing or Using The Software?

If you have any problems installing this product or if you find any bugs, just click on the link below and we will investigate.

Submit a Support Ticket

 

Our Programming Services

 We offer a Professional Programming Service for the cTrader trading platform.

Who Is ClickAlgo.com

Why Choose Us?

How We Work - Request a Quote

Our Programming Services for cTrader

 

ctrader guardian angel money back guarantee

 

General Questions? Just Get In Touch

You can contact us by Email, Skype or Telephone to discuss your project.

ClickAlgo contact us

Charting & Trading Risk & Reward Drawing Tool

This tool has been in high demand for the cTrader platform for a very long time, now you can you can practice placing orders and seeing results without actually having to place the orders – get confident and knowledgeable before risking real money in the markets.

 

 What If Your Broker Is Not using v3.3?

Most brokers will have already updated to v3.3, but IC Markets & FxPro will take a little longer, but you can still download cTrader Beta from the link below and also download the trial version of this software by clicking on the trial button at the bottom of this page or the down arrow button in blue above.

The robot will automatically stop if you are using an older version of cTrader

Download cTrader Beta v3.3

 

The Power Of Stop Loss & Risk vs Reward

 The stop loss is your most powerful tool which allows you to limit your losses. It is also a level from which you feel that your scenario will not happen anymore. It is usually required as an insurance policy for every position so that you can keep your money safe. When a Trade is going wrong, you can be sure that a large part of your capital will be safe. All you need to know is how to place your stop. Once you have a stop loss you can sleep more easily.

The image below shows a long limit order simulation if the green cows head button is clicked it will open a real limit order.

 

 cTrader Auto Risk Reward Tool

The Secret of a Risk/Reward Ratio (RR)

The RR ratio is the difference between your potential profit and your potential loss of a trade. You simply divide the pips number you expect to win by the pips number you expect to lose. If you place an order with a take profit of 100 pips and a stop loss of 50 pips then your risk/reward will be 2 which means that you will need to win only 1 trade to recover the loss of 2 trades. Never take a trade if your risk/reward ratio is below 1. 

 ctrader game changing software

 

Why is This Charting & Trading Tool Such a Game Changer?

"Size Matters in the Financial Markets"

 

 The most useful feature of this tool is that you can set the amount you want to risk per trade as either money or as a % of your account, once this is completed in the settings panel as shown below, the risk/reward tool will re-adjust your position size so that no matter where you position your stop loss your risk stays the same. With this invaluable tool, you can act in a fast moving market knowing you are not risking more then you set out to do at the start of the trading.
 
ctrader risk reward control panel 
 

Using The Tool For Charting Analysis

This tool can be used for potential trade set-ups showing your risk and reward in pips, money and as a % of your account, it gives you all the information you need to enter a trade with confidence knowing that you will not risk more of your money then you want to.

 
cTrader Risk Reward Settings Panel
 

Fixed Risk Feature Explained

 You have 3 options to choose from that will manage your risk so that you will never lose more on a single trade then what you planned to lose prior to starting any trading. WHEN YOU SUBMIT AN ORDER AND ADJUST THE STOP LOSS THE RR TOOL WILL CONTINUE TO MANAGE YOUR RISK

FIXED CASH RISK

This allows you to set an amount in monetary terms that you wish to lose for a single trade, as an example if you select €5.00 as shown in the image above as your fixed cash risk then the RR tool will automatically calculate your position size so that your risk is around €5.00 no matter where you place the stop loss.

% OF YOUR EQUITY & BALANCE

If you select this option the tool will automatically calculate the position size so that you will never risk more than a set % of your account equity or balance.

THE ACCURACY OF THE TOOL

This tool is not perfect, it has an accuracy rate of between 90-100%, the higher the volume of the position size the more accurate it is if you have a low volume of 1K and you have a very wide stop loss then this tool will display a warning to you stating that it can no longer manager the risk.

 

 Other Settings Explained

 You will need to understand what the other settings are so that your risk is calculated correctly.

COMMISION

You can get this value from your broker FxPro clients can expect commission charges only on Forex pairs & Spot Metals on the FxProcTrader platform. FxPro charges $45 per million USD traded. So you would enter 45 in this box.

CURRENCY

This is the currency that is displayed in the risk/reward tool, we get the correct value from your cTrader account, so you would not normally need to change this value, but you will have the option, just in case your account is set up different.

COMPACT VIEW?

This option is set to No as default and will display the full risk or reward information if you would like to have less information displayed set this value to YES.

 USE LAST SWING?

If this option is set to YES, when you open a chart tool it will automatically calculate the last swing high and low prices and for the current timeframe and place the stop loss and take profit accordingly. The classic definition of a swing low is a low on a candle or a bar chart that has a higher low on either side. 

 

ctrader last swing high and low

  • Last swing high – A swing high is formed when the high of a price is greater than a given number of highs positioned around it.
  • Last swing low – A swing low is created when a low is lower than any other point over a given time period.

Watch a Video Demo on How To Use The Last Swing Option

What Is Swing Trading?

 

ZONE OPACITY

This allows you to specify how much of the risk & reward zone is shaded, if you select 255 it is completely shaded in with the colour you select, 0 will remove all shading and you will not see any zones, a good value is around 40-80

 RISK & REWARD ZONE COLORS

You have the option to set your own colours for the zones by clicking on the buttons and picking one.

ctrader reward zone colour

 

Submit Market, Stop & Limit Orders Using The Tool

 While the drawing risk/reward simulation tool is displayed on the chart the trader can at a glance look at the potential loss and reward before they enter a trade by placing the stop loss and take profit levels below and above major support and resistance levels. When they are happy with the trade set-up they can simply click on the button from the RR tool control panel and an order will be placed at the exact same stop loss, take profit and entry price levels.

  • Market order - this is a commitment to the brokerage company to buy or sell a security at the current price. Execution of this order results in the opening of a trade position. Securities are bought at ASK price and sold at the BID price. 
  • Buy Limit – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase
  • Buy Stop – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing
  • Sell Limit – sell provided the future "BID" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall
  • Sell Stop – sell provided the future "BID" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

 

Learn How-To Trade With The Risk & Reward Tool

Once you have submitted your market or pending orders the charting tool becomes a clever trading tool that will continue to manage your risk for you.

How To Create and Adjust a Market Order

  1. Open a long or short RR tool onto the chart.
  2. Adjust the stop loss and take profit by dragging the 2 lines to your perfect trade set up.
  3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
  4. Click on the open order button and a market order will open.
  5. Your stop loss and take profit price levels should match the pre-set levels of the RR tool.
  6. To modify the open position and update the RR tool just drag your stop loss or take profit to your desired level.
  7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

Watch a Market Order Video Demo

 

How To Create and Adjust a Pending Order

  1. Open a long or short RR tool onto the chart.
  2. Adjust the stop loss, take profit and entry price by dragging the 3 lines to your perfect trade set up.
  3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
  4. Click on the open order button and a pending order will be submitted.
  5. Your stop loss, take profit and entry price levels should match the pre-set levels of the RR tool.
  6. To modify the pending order and update the RR tool just drag your stop loss, take profit or entry price to your desired level.
  7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

Watch a Pending Order Video Demo

 

Account Profit & Loss Widget Included

The cTrader Profit & Loss Dashboard Widget is part of the professional trading components collection that gives you a unique view of your account information including daily profit targets, spread and buyers and sellers breakdown for each symbol. 

cTrader account info widget

Find out more about this widget

 

Important Information

This tool was built using the latest features available in cTrader, what that means is that you will need to use at least cTrader v3.2 and above for it to work correctly. If your broker has not yet updated to the latest version, they will very soon. If you still want to try this tool out, you can still download the trial version and use a broker which has already updated to v3.2 or download cTrader beta from the link below.

Download cTrader Beta

 

Watch a Video Introduction

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 11 minutes

Watch The Complete Video Playlist

 

ctrader surfer trader free trial
Click on the button above to download your 14-day free trial
 

How To Install

First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

~ REQUIRES V3.3 AND ABOVE OF CTRADER FOR WINDOWS ~

 clickalgo submit help desk ticket

 Problems Installing or Using The Software?

If you have any problems installing this product or if you find any bugs, just click on the link below and we will investigate.

Submit a Support Ticket

 

Our Programming Services

 We offer a Professional Programming Service for the cTrader trading platform.

Who Is ClickAlgo.com

Why Choose Us?

How We Work - Request a Quote

Our Programming Services for cTrader

 

ctrader guardian angel money back guarantee

 

General Questions? Just Get In Touch

You can contact us by Email, Skype or Telephone to discuss your project.

ClickAlgo contact us

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Best Add-On Charting Tool
This tool has been missing from cTrader for so long, it is one of the charting tools that traders voted for the most, I have been using it a day so far and its improved my trading considerably.
From: Steve | Date: 28/10/2018 13:41
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