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Super Risk Reward Panel MT5

0.00

The demo version of the product is available at the link.

Also, the version of the panel is available at the link.

Any profitable trading system is based on two components: entry (placing an order) and exit (closing an order). You can leave at a certain time: for example, after the closing of the London session. You can also exit when the price reaches a certain support/resistance level.

Super Risk Reward Panel MT5 is an intuitive and user-friendly graphical tool that allows you to:

  • Detect and highlight the upper and lower support/resistance levels closest to the current price (out of the seven most important levels, which are the S1 and R1 pivots, daily/weekly/monthly pivots, previous daily highs and lows). See the screenshot.
  • Find the optimal risk-to-profit ratio by calculating and comparing the distance between the lowest level closest to the current price. See the screenshot.
  • Use the buy/sell buttons to place the corresponding order. Stop loss and take profit orders are set at a higher level, ensuring an optimal risk-to-profit ratio.

  • The ability to select support/resistance levels to calculate the risk-to-profit ratio
  • Adjustable position of the indicator panel

[spoiler title=”Read More…”]

  • Magic No – Magic Number
  • Lot Size – lot size
  • Use Pivot Support – use pivot support
    • Use pivot support to calculate the risk-to-profit ratio
    • The same rule applies to the next six support/resistance levels
  • Use Pivot Resistance – use pivot resistance
  • Use Daily Pivot – use the daily pivot
  • Use Weekly Pivot – use weekly pivot
  • Use Monthly Pivot – use monthly pivot
  • Use Previous Daily High – use the previous daily high
  • Use Previous Daily Low – use the previous daily low
  • X_axis: the position of the panel on the X axis
  • Y_axis: the position of the panel on the Y axis
  • Use pivot support to calculate the risk-to-profit ratio
  • The same rule applies to the next six support/resistance levels

See the screenshot:

  • Pivot S1
  • Pivot R1
  • Daily Pivot
  • Weekly pivot
  • Monthly pivot
  • Previous daily high
  • Previous daily low
  • If the price rises above all the selected levels, NA will be displayed in cell U
  • If the price falls above all the selected levels, NA will be displayed in cell D
  • Click the buy/sell button to place the corresponding order. Stop Loss and take Profit orders are set at a higher level
  • Click the close button to close all orders with the magic number of the Adviser
  • The number on the panel indicates the ratio of risk to profit. If the price rises/falls above/below all the selected levels, ‘NA’ is displayed on the panel
  • If (current price is the nearest lower level) > (nearest upper level is the current price), the panel is colored red
  • If (the nearest upper level is the current price) > (the current price is the nearest lower level), the panel is colored green

    If you have any individual request and/or suggestion, please contact me.

    If you have any individual request and/or suggestion, please contact me.

    [/spoiler]

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