Risk Calculator Standard MT5 by PhipsProduktion

The world of Forex trading has been revolutionized by the advent of PhipsProduktion’s Risk Calculator MT5, a Forex Trading Software that offers the promise of precision and efficiency in Forex Risk Management. It’s a tool that’s not only designed for seasoned traders, but also proves to be a valuable asset for newcomers in the Forex market. Here’s our unbiased review of this unique MT5 tool.

Streamlined Risk Management with Risk Calculator MT5

Successful Forex trading requires a keen understanding of risk and the ability to manage it effectively. The Risk Calculator MT5 tool by PhipsProduktion simplifies this task by providing users with an intuitive and visual means to control their risk. The process is simplified to a few clicks, allowing traders to quickly calculate their potential loss or profit in various market scenarios.

This advanced Trading Risk Calculator is compatible with all account currencies and most MetaTrader markets, with the exception of bonds. The tool is designed to provide a visual risk area for traders, making it easier to understand the potential effects of their trading decisions.

Easy-to-Use Interface and Controls

One of the key features of the Risk Calculator MT5 tool is its user-friendly interface. The application process is simple: users first check their inputs, then double-click on the price level where they want their stop loss to be, watch the check-line, and use the arrow keys to adjust their entries. The arrow key down resets the check line, while the arrow key up calculates and sets the order according to the specified risk.

The tool also comes with hot keys for quick navigation. For instance, the right arrow key switches the risk area on/off, the F7 key opens inputs, and the hashtag key exits the program. These features significantly streamline the trading process, enhancing efficiency and reducing the likelihood of errors.

Customizable Risk Calculation Parameters

With the Risk Calculator MT5, users can customize their risk calculation parameters. This includes the type of risk calculation (either a fixed amount of money or a percentage of the account balance), the fixed amount of money risked, the percentage risked, and the precision of the calculation.

Moreover, the tool offers options to either cut or round the risk, which is especially useful for smaller accounts. The color of the check-line, trade options, and various order parameters can also be customized according to user preferences, adding to the tool’s versatility.

Independent Testing and Updates

For those interested in seeing the Risk Calculator MT5 in action, independent testing of this product is available on forexroboteasy.com. Subscribing to updates on the testing results of this product is also an option, providing users with valuable insights into the tool’s performance in real-time market conditions.

Share Your Experience

We encourage you to share your experiences of using the Risk Calculator MT5. Your feedback can provide invaluable insights to other traders considering this Forex Trading Software. Remember, sharing is caring!

FAQ

1. Is the Risk Calculator MT5 suitable for beginners?
Yes, the tool is designed to be user-friendly and can be used by both seasoned traders and beginners in the Forex market.

2. Can the Risk Calculator MT5 be used for all MetaTrader markets?
The Risk Calculator MT5 is compatible with most MetaTrader markets, except for bonds of all types.

3. Where can I see independent testing of the Risk Calculator MT5?
You can watch independent testing of this product on the forexroboteasy.com website.

In conclusion, the Risk Calculator MT5 developed by PhipsProduktion is a valuable MT5 Tool that could potentially revolutionize the way traders manage risk in Forex trading. Its user-friendly interface, customizable settings, and visual risk area make it an attractive option for traders of all experience levels. While there is no one-size-fits-all solution in Forex trading, this Forex Risk Management tool is definitely worth considering.