Risk Planner x IoTraders

In the complex world of Forex trading, the ability to manage risk effectively and execute trades efficiently can make the difference between success and failure. Risk Planner and IoTraders offer a solution that streamlines the trading process and enhances financial planning strategies.

Smart Place Order

Risk Planner’s Smart Place Order feature is a sophisticated tool that aids traders in deciding the type of order to be executed based on the input of Open and Stop Loss Price. Once the data is fed in, the order is executed immediately, saving traders valuable time and effort.

Risk Manager and Lot Calculator

A key part of any trading strategy is determining the level of risk involved. The Risk Manager feature of Risk Planner allows traders to set their risk tolerance either by Balance Percentage or a fixed amount of money. This provides a level of customization that tailors to the individual trader’s risk appetite.

The Lot Calculator further aids in risk management by determining the appropriate Lot Volume based on the trader’s desired risk input. This ensures the calculated risk aligns with the trader’s predetermined deviation.

Line Function and Risk Reward Calculator

The Line Function feature allows traders to set Open, Stop Loss, and Take Profit Prices by simply dragging horizontal lines to desired prices or candle structures. This feature also supports manual input if required.

The Risk Reward Calculator informs the trader of the Risk and Reward Ratio of their order, calculated from the ratio of distance from Opening Price to Take Profit Price and Stop Loss Price. This allows traders to estimate their profit amounts accurately.

Instant Delete Order and Break Even Stop Loss

With the Instant Delete Order feature, traders have the ability to instantly delete all Placed Orders on the corresponding chart in one click. This feature also has the added flexibility of setting to delete only Pending Orders or running transactions.

The Break Even Stop Loss feature provides the option to move the Stop Loss of Running Profit Orders to the Break Even point in one click, with an optional Auto Break Even Stop Loss feature that automatically moves the Stop Loss to the Break Even point once a minimum profit in PIPs, specified by the user, is reached.

Adjustable Panel Size

The Adjustable Panel Size feature allows traders to adjust the Panel Size Scale via inputs section to easily fit their preferred display. There is a minimize and maximize button too for easy viewing of the covered part of the chart.

Disclaimer

It is important to note that any loss involving this trading tool is the sole responsibility of the User, not the Creator of this trading tool. The calculated Lot will be rounded off, meaning there will be a slight difference between the Actual Risk and the Input Risk. To use the Smart Place Order function, live trading and AutoTrading need to be activated. The Auto Break Even Stop Loss feature does not work while MetaTrader 4 is offline.

FAQ

Where can independent testing of this product be watched?

Independent testing of this product can be viewed on the forexroboteasy.com website.

Can I subscribe to updates on the results of testing this product?

Yes, you can subscribe to updates on the testing results of this product on the forexroboteasy.com website.

Can I share my experience of using this product?

Absolutely! Sharing your experience of using this product can provide valuable insights to other users.

Remember, this is an independent product review. The description of the product’s operation parameters is based on the information provided by the product’s creators. We invite you to share your experience of using this product to help others make informed decisions about their Forex trading strategies.