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    cTrader Mac OS Risk & Reward Tool


    14-Day Refund Option (Read Policy)

    The cTrader Risk & Reward Charting Tool is one of the most downloaded cBots for risk management and trade setups, this free version will work on both Windows and Mac operating systems. It lets you quickly set how much money you wish to risk on each trade based on your key stop loss and take profit levels.
    (OS) Type: Windows & macOS Compatible
    Current version: 2.6.0
    Updated: Monday, 29 April 2024
    Author: ClickAlgo Team

    Need a cTrader broker?  Open a demo account

    Educational content: Read our disclaimer

    £34.99 Incl. VAT.
    cTrader License

    Lifetime license, 1-year free updates





    The tool allows traders to clearly define and assess the potential risks associated with a trade, and by plotting risk levels on the chart, traders can visually see their risk exposure relative to potential rewards, helping them make more informed decisions. Risk and reward charting tools provide traders with objective criteria for evaluating trade setups. Instead of relying solely on intuition or emotions, traders can use quantitative data to assess the risk-reward ratio of each trade opportunity, leading to more disciplined and consistent decision-making.

     

    cTrader Risk & Reward Charting Tool

     

    Enhanced Trade Planning

    By visualizing risk and reward levels on a chart, traders can better plan their trades and set realistic profit targets and stop-loss levels. This helps traders manage their trades more effectively and avoid impulsive decisions based on market fluctuations.

     

    Improved Risk Management

    Utilizing our cTrader risk and reward charting tools enables traders to implement effective risk management strategies. They can adjust position sizes based on the risk-reward ratio of each trade, ensuring that they only take on trades with favourable risk-reward profiles and limiting potential losses.

     

    Features Included

    This paid version of this product has the additional features listed below:

    • Setting risk as fixed cash for equity & balance.
    • Setting risk as a % of equity.
    • Setting risk as a % of the balance.
    • Submitting orders directly from the charting tool.
    • Auto-position resizing when adjusting risk & reward levels.
    • Automatic risk calculations when adjusting position.
    • Custom instance name for multiple same symbol trading.
    • Order confirmation message.
    • Order types - Market, stop or limit.
    • Expiry time for pending orders.
    • Use of last swing high and low for risk & reward levels.
    • Ability to turn off auto position sizing.
    • Option to trade indices.
    • Remember last-stop loss and take profit values.
    • Option to use Tick Charts.

     

    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 than you want to.

     

    Quickly Change Order Type

    From the control panel on the chart, you can quickly change the order type for fast intraday trading, by simply clicking on the purple button to select Market, Stop & Limit orders.

     

    Configurable Settings

    This copy was designed to work with the Mac OS, but will also work with Windows 10 or 11+.

    The tool allows the trader to configure the settings that will suit their trading style and as you can see below there is a comprehensive list of configurable settings to suit everybody. This tool lets you plan your trades for Forex and Indices.

     

    cTrader Risk & Reward Settings Panel

     

    Market, Stop & Limit Orders

    Traders can place both market and pending orders once they have used the tool to plan their trade setup, the Risk & Reward tool will then manage the predefined risk of the trade so only the pre-planned loss or profit will ever happen.

     

    Visual Backtesting

    Visual backtesting is not supported using this tool.

     

    How To Install & Remove

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

     

    Any Questions?

    If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.

     

    Need a Broker

    If you are still looking for a broker you can trust? Try IC Markets

     

    Watch a Video Demo

    This video shows a quick demonstration of the latest update that was published in June 2020 for version 2.0.0

    Duration: 10 minutes - Watch the Video on YouTube

     

    Product User Guide

    If you need help with installation or help using this product, visit the support page.

    Please note this version does not use the settings panel, instead the settings are integrated into the cTrader platform.

     

    Limitations

    This tool has a few limitations with cTrader described below, please feel free to post a suggestion to remove these limitations.

    1. Chart timeframe fixed after starting cBot, this is by design.
    2. Only 1 buy and 1 sell trade can be submitted simultaneously per chart.
    3. Support for a max lot size of the broker, if you are using large 6-figure accounts, please download the trial version to check.
    4. Volume is supported for position size and not lots, this is a feature which we plan to add in the future.
    5. Heiken Ashi Charts with hm3 minute and below timeframes will not work, all other timeframes above 3 minutes are fine.