Easily manage your risk and position sizing!
It can be tricky to size your trade in the moment, due to different currency / commodity values. For example, placing a 1 Lot position on XAUUSD can easily blow an account that could handle 1 lot on GBPUSD. See screenshots to see how Gold can move $500 on 1 lot much faster than GBPUSD.
THe indicator draws horizontal lines that allow you to easily compare the potential risk/reward across timeframes and symbols.
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Inputs are:
Risk Size: The Loss/Profit you are looking to target. (eg 1% of your equity)
Lot Size: The position size you place to scale the trade to the chart/symbol
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By having a standard measure of risk across Symbols and Timeframes, risk management becomes easy!
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