This indicator is also a system and a method to keep emotions under control through a money manager who calculates the number of correct sizes on the basis of our parameters and our capital to keep our money management totally under control. It can be used on all time frames.
Parameter configuration and use
Off – spacing control of money manager text lines
TextDistance – adjusts the position of the text in height
HTextDistance – adjusts the position of the text vertically
Capital – Trading capital to be used
PercentRisk – risk percentage of capital
RR – risk return ratio
InLevel / StopLevel – manually enter the input level and stop level. The indicator returns the In and Stop levels on the chart and calculates the risk / return ratio levels by returning them to the chart. The indicator automatically reads levels for both short and long trades.
Leverage – Leverage applied by the broker to the instrument.
ValuePerPoint – value multiplier per point. If you use tools such as an index at 1 dollar / euro per point, the parameter will be 1. If you buy for example Nasdaq mini (20 dollar per point) this parameter is 20. If you buy a forex cross the value will be 10000.
Change – Depending on whether our wallet is in euros or dollars or other currencies, this parameter is used to calculate the exact size to use. Let’s take some examples.
– Euro account: Nasdaq 1 euro per point: the exchange rate will be 1. Nasdaq Mini 20 dollars per point: the exchange rate will be the current EURUSD exchange rate. Forex cross: the exchange rate between the euro and the second currency of the cross to be traded will be entered, for example. if you trade on USDCAD you will have to enter the exchange rate between EUR and the second currency, that is the Canadian dollar, then you will have to enter the market value of EURCAD.
– Dollar account: Nasdaq 1 dollar per point: the exchange rate will be 1. Nasdaq Mini: the exchange rate will always be 1. Currencies / Forex: the exchange rate between the dollar and the second currency of the cross to be traded will be entered, for example. if you trade on EURGBP you will have to enter the exchange rate between USD and the second currency, that is the pound, then you will have to enter the market value of USDGBP. If you trade EURUSD as the second currency is the same as the account, the exchange rate will be 1.
InStopLevels – Checked returns the price levels on the chart.
Round / Values - Checked rounds the number of contracts to be traded up or down, also adjusting the Stop and Target.
IntradayLevels – if you work on chart from H1 down (30 min, 5 min etc.) by checking this parameter, the indicator returns important levels on the chart: High and Low of yesterday, High and Low of today, 50% High/Low of today, opening price (see image).
Warning: the indicator can give staggered results if you work with a broker that does not have fixed leverages.