Utilitie Risk Reward Order Manager

Buy Risk Reward Order Manager trading application in the store of automated robot systems

Risk Reward Order Man­ag­er is an EA that will help you a lot in order to fol­low your mon­ey man­age­ment plan.

You only need to set the para­me­ters accord­ing with your mon­ey man­age­ment strat­e­gy, and drag resis­tance, sup­port and order lev­els. And push order but­ton!

EA will do fol­low­ing oper­a­tions tak­ing of course care of cur­rent spread

  • Cal­cu­late risk reward ratio
  • Check if that ratio is in accord with your set­tings
  • If the oper­a­tion is in a good risk reward ratio , EA will show you but­ton for place order ELSE he will hide to you so you have to fol­low your rules
  • He will know which kind of order to set (buy lim­it, buy stop, sell lim­it, sell stop)
  • Show you how much (in mon­ey) you are going to risk and gain with that oper­a­tion
  • Show you lot­size cal­cu­late for that oper­a­tion in order to fol­low your plan
  • Show you how far in pip SL and TP are
  • Draw a red rec­tan­gle from order lev­el to SL (pos­si­ble loss)
  • Draw a green rec­tan­gle from order lev­el to TP (pos­si­ble prof­it)
  • Draw a lime rec­tan­gle (option­al, 1 to 1 R/R pro­jec­tion)
Impor­tant! One to one oper­a­tion is a bit greater than that. I mean, to be prof­itable in long term i set default 1 to 1 oper­a­tion with reward/risk ratio 1,1 that is not an error!
More than this, EA will always show fol­low­ing infor­ma­tion:
  • Cur­rent spread
  • Min­i­mum lot­size for this pair
  • Pips val­ue in mon­ey for 1 lot oper­a­tion of this pair
  • Amount of mon­ey used by stop loss  in ALL open oper­a­tion by this mag­ic num­ber (in mon­ey and in % of free mar­gin)

How Does it work?

Once you set and drag in your strate­gi­cal lev­el the five hor­i­zon­tal lines drawn by EA on ini­tial­iza­tion (Strong resis­tance, medi­um resis­tance (dashed) , strong sup­port , medi­um sup­port (dashed) and yel­low  dashed order lev­el line).

EA will cal­cu­late pos­si­ble oper­a­tion you ll can place. He will fig­ure strong resis­tance line and strong sup­port line as tar­get , so, in accord­ing with your lev­el order posi­tion will show you only oper­a­tions you ll can open to fol­low your mon­ey man­age­ment rules (is a bit dif­fi­cult to explain for that I invite you to see screen shot and video attached).

EA will show you the but­ton to place stan­dard oper­a­tion (if those stick to mon­ey man­age­ment) and will show you on chart through green (for prof­it) and red (for loss­es) rec­tan­gle

  • Place buy lim­it ( if order lev­el is below price and will set strong resis­tance as TP and Strong sup­port as SL)
  • Place buy stop ( if order lev­el is above price and will set strong resis­tance as TP and Strong sup­port as SL)
  • Place sell lim­it ( if order lev­el is above price, and will set strong resis­tance as SL and Strong sup­port as TP)
  • Place buy lim­it ( if order lev­el is below price and will set strong resis­tance as SL and Strong sup­port as TP)

All those but­ton will set a sin­gle order with full amount of lot­size cal­cu­late accord­ing with your set­tings.

If medi­um sup­port or resis­tance are below or above of 1 to 1 risk reward pro­jec­tion EA will give you a choice to:

  • place a full (mean with lot­size cal­cu­lat­ed by ea) stan­dard oper­a­tion 
  • place a full (mean with lot­size cal­cu­lat­ed by ea) 1 to 1 risk reward oper­a­tion
  • place both oper­a­tions with one click but with split­ted amount of lot­size to fol­low bet­ter the rules

You ll find input vari­ables in screen­shot and video!

This ea will work with pret­ty all val­ue pairs plus  xau­usd, xagusd , it will not work with a lot of oth­er cfd like uk100, ger30 and so on!

Risk Reward Order Manager 

Relat­ed Posts
Panel FlashPad for MT4
Flash­Pad Trade Pan­el is a use­ful tool for send­ing orders with stop loss or take prof­it. It saves your time and makes the trade eas­i­er. This Pad runs as an …
Panel MOI
Man­u­al Order Inter­face allows to open orders with pre­set TP, SL and Lot in one click. It was devel­oped for scalp­ing. You can also enter dif­fer­ent val­ues for two types …
Panel Perevertish
The Pere­ver­tish Expert Advi­sor allows to work on the Forex mar­ket in a semi-auto­mat­ic way. For the sake of con­ve­nience, it is imple­ment­ed as a small inter­ac­tive pan­el. How it works: Orders …
Panel FFx Hidden TPSL Manager
The FFx Hid­den Man­ag­er pan­el will help you to man­age eas­i­ly your orders direct­ly on the chart. Below all fea­tures described: TP, SL and Trail­ingStop are hid­den Each order has its own lines on …
Panel MyEntry
Intro­duc­tion ËœmyEn­tryâ„¢ is the high­ly pow­er­ful exten­sion Expert Advi­sor for Ëœmy­Po­si­tionâ„¢ which allows swift and pre­cise Trade Entry. With the click of a but­ton ËœmyEn­tryâ„¢ will imme­di­ate­ly trans­form your trad­ing lev­els …
Panel Trading Panel
Descrip­tion This Trad­ing Pan­el will help you trade eas­i­ly since you have all the nec­es­sary func­tions on the screen. This can be used for any strat­e­gy whether it is invest­ing or …
Utilitie Multiplier Panel
Let’s con­sid­er pros and cons of this deal mul­ti­pli­er. Pros: As this util­i­ty is a script, deals are processed, opened and closed as quick as a flash. Request to open or close …
Super Panel and Table v 2
This pan­el for clos­ing and open­ing orders also includes a table of RSI and MACD indi­ca­tors. Specif­i­cal­ly mini-strate­gies based on the indi­ca­tors RSI and MACD. Applied on each stan­dard peri­od …
Panel Control adora
Con­tro­lado­ra means in Span­ish con­troller, this is a sim­ple yet pow­er­ful Expert Advi­sor that allows you to con­trol your trad­ing eas­i­ly and pre­cise­ly. Do you want to stop your trade when …
Panel Auto Trade Driver
Auto Trade Dri­ver is an auto­mat­ic pow­er­ful tool (run as Expert Advi­sor) that helps you to man­age risk and con­trol orders and max­i­mize your prof­it in mul­ti-pro­tec­t/­trail­ing-stop rules. This tool is …
Pan­el Flash­Pad for MT4
Pan­el MOI
Pan­el Pere­ver­tish
Pan­el FFx Hid­den TPSL Man­ag­er
Pan­el MyEn­try
Pan­el Trad­ing Pan­el
Util­i­tie Mul­ti­pli­er Pan­el
Super Pan­el and Table v 2
Pan­el Con­trol ado­ra
Pan­el Auto Trade Dri­ver

Leave a Reply


Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.