Forex

TP Money Management


All successful traders know that cash management is necessary for successful work from the markets.

using TP money Management, you may have automatic money management, which will help you calculate dangers.

It all depends on you:

  • reduction as a percentage of the funds in the accounts.
  • require gain in pips
  • Breakeven in pips
  • tracking stop in pips
  • Select a stop loss by moving the mouse cursor over the graph. should you don’t want to set make profit, breakeven, or trailing stop, enter 0 to disable them.

once the above parameters have been set, the Expert Advisor will calculate the required number of lots in such a way that the possible loss will be only the percentage specified in the panel.

For example: If you have $ 1,000 and you want to risk 2% of your account, the EA will calculate the number of lots so that the maximum loss is only$ 20, regardless of where you set the stop loss.

Thanks to this Expert Advisor, you do not have to worry about money management, the adviser will do everything for you. You should only focus on your trading method.

In addition, you will know how much you can lose and how much you can earn before opening an order (available for all included currencies and all conversion calculations).

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Note: For successful testing on the history, you must use a pair that includes the currency of your account. To use it with another currency, you need to install the Expert Advisor on a demo or real account. 

Note 2: The demo version for use on a demo account with the NZDCAD symbol can be found here: https://www.mql5.com/ru/market/product/18967

Note: For successful testing on the history, you must use a pair that includes the currency of your account. To use it with another currency, you need to install the Expert Advisor on a demo or real account. 

Note 2: The demo version for use on a demo account with the NZDCAD symbol can be found here: https://www.mql5.com/ru/market/product/18967

  • count Balance loss: the percentage of the account balance that will be set as the maximum loss (for each order).
  • Number of pips to break even: The number of pips to break even (the stop loss will be moved to the opening price).
  • Number of pips to TP: Number of pips for take profit.
  • Number of pips to distance SL trailing: The number of pips to set the distance between the current price and the trailing stop.
  • (after setting the chart, the parameters can be changed using the trading panel).

Please contact me for any questions.

Enjoy using it!



Forexbotreview.com Forex Algo Trading

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