Automatic calculation of trading parameters
This is not the first time I've written about various tools on my blog that can make trading more comfortable.
Today we will talk about such an important thing as planning trading transactions in stock trading.
It can be quite difficult for a novice trader to determine the volume of upcoming transactions and establish the level of risk and profitability for future positions.
The "Trading Plan" tool was developed to calculate all the necessary parameters for transactions, taking into account the desired profit and acceptable risk.
It's clear that you shouldn't expect anything extraordinary from such a simple tool, but the data obtained can still serve as a guide when starting to trade.
For example, in our case, it's clear that if you don't want to risk more than 5% of your deposit, then with a capital of $1,000, the maximum volume of all open orders should not exceed 0.1 lots. This likely implies that the EUR/USD currency pair is used as the basis for calculation, since 1 pip with this volume is equal to 1 dollar.
Approximate sizes of stop-loss and take-profit orders are also defined, which can be used as a guide when setting these stops, taking into account the market situation.
Stop order placement options - https://time-forex.com/praktika/kak-vystavit-stop-loss
The trading plan calculation tool can be used online and completely free of charge after registering with the Amarkets broker in your trader's account. There you'll also find many other useful tools and free automated trading advisors.
