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    cTrader Risk & Reward Manager


    14-Day Refund Option (Read Policy) - Pay Once, Use Forever

    The cTrader Risk & Reward management tool can easy to help you to set the risk vs reward values, you can just drag the take profit & stop loss lines to auto calculate the risk amount or volumes needed to be used. Also, included is an automatic take profit feature that will allow you to set 3 different scenarios to lock in those profits.
    Type: cTrader cBot
    Current version: 1.0.0
    Requires: Windows 7, 10, 11
    Updated: 11 November 2021
    Vendor: Winson Yau

    Any questions?  Join our Live Chat Support  and read our Licensing Terms

    £39.99

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    computer installs?

     

    Planning your trades is one of the most important parts of a day traders life, if you fail to do this you will fail, this tool will allow you to easily set IP your take profit and stop-loss targets depending on your risk appetite.

     

    Key Features

    • Drag the TP/SL line to auto calculate the risk/reward values
    • Base on the below value to set the risk/reward information
    • Volumes: set the volumes will auto calculate the risk amount
    • Stop Loss: set the SL will auto calculate the TP/ RR rate and amount
    • Take Profit: set the TP will auto calculate the SL/RR rate and amount
    • Risk/Reward Rate: set the RR rate will auto calculate the TP
    • Risk Amount (with/without percentage): you can set the actual amount value or with the percentage
    • Can use the trailing stop
    • Add the comments into the order
    • Support Buy, Sell, Buy Stop, Sell Stop order
    • Set auto take profit (but because this is a cBot so if use this function you can’t stop the tool)

     

    cTrader Forex Risk Management

     

     

    Drag the stop loss line (default is green) and it will auto calculate the risk & reward rate and amount of volume for the position size. 

    You also can update the volume by manual input, when you change the below value, the left edit icon will be enabled and so that you can update the values.

     

    Use Percentage

    If you want to use the percentage based on your balance, just click the Use Percentage check box or it will use the actual amount value. Note: if your account balance is small the volume calculated will not go lower then the lowest position size allowed for the symbol.

     

    Risk & Reward Rate

    You can set the risk vs reward for your stop loss and take profit, so a Risk/Reward rate of 2 will be where your take profit is twice your risk, when you click on the sell button the stop loss and take profit will be automatically calculated using this ratio.

     

    Success Rate

    The success rate is based on all of your history orders, it will calculate the success orders for the rate, and the "Trailing Stop" is just a native option for cTrader to create order to function, I just pass this when you create the order.

     

    Auto Take Profit Button

    There are 3 levels for set auto take profit, that’s mean you can use 3 conditions for taking profit, for example:

    • Take 50% partial take profit after getting above 60% of the profit target.

    winson tp 1

    • Take 50% partial take profit when the price of the symbol reaches 60 or for Forex something like 1.72245

    winson tp 2

    You can modify the above values in runtime, it will take effect immediately if you have started the take profit button. It will also be reset all values after stopping the cBot.

    If took the profit 1 then will not take it to profit again, that’s mean only run once time for each profit condition unless stopping the auto profit and start again, it will reset all condition status

     

    Using Volume for Taking Profit

    Instead of using 50% or another percentage in the Take Profit box, you can use a value like 1000 (1K) which is the volume of the position.

    But don’t forget must tick the green checkbox for enabling this take profit condition.

     

    Set the order label for taking a profit, this is because maybe there are multiple orders at the same time, so you need to define which order do you want to use auto take profit, and if you use this tool to create the order, it will auto set the order label here.

     

    cTrader take profit targets

     

    How to Manage Trades from Another cBot?

    You can also use this tool to manage trades that are opened from another cBot simply by setting a label name when the order is submitted and using this same label name in the field above for the label of order for taking a profit.

     

    Set a Break-Even

    This tool will also allow a break-even to be applied to your trades, again, you can use either a percentage of the total account balance or a fixed price.

    To apply the settings and to return to the main screen you need to click on the Start Take Profit button.

     

    Parameter Settings

    When you attach the cBot to a chart you will be first shown the main settings window.

     

    ctrader risk settings

     

    Style Settings

    Set the SL/TP and current price line’s colour and thickness here.


    Panel alignment

    Set the panel position here, but you also can use Ctrl+Mouse to move the panel.


    RR Management

    • Set the default values for the risk/reward information.
    • Auto Take Profit 1,2,3 - set the default values for auto take profit function, there are 3 take profit levels.
    • Auto Set Break-Even - set the default value for auto break even when hitting it.

     

    Moving the Panel

    You can change the position of the panel on the chart at any time by pressing Ctr+Mouse on the chart.

     

    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 it onto the platform.

     

    Instant Chat Support

    If you want a speedy reply to your questions just post your questions on our Telegram chat group.