SCT - RiskPerTrade - MT5 - MetaTrader 5 Script - MetaTrader 5 Resources

The story behind this trading tool:

Most traders lose money, that's a fact. There are many reasons behind their losses, but I think the main reason is their inability to control their emotions when dealing with money. So when we see a trader holding on to a losing trade for too long or a trader closing a winning trade prematurely, that trader doesn't know how to manage emotions.

For example, if we give Ben, Joey and Rachel the same trading plan, the same balance and the same trading information, then in the end each of them will get different results because they are human and have emotions.

So what I did is, I created a pair of glasses (aka the RiskPerTrade trading tool) that would allow Ben, Joey, and Rachel to see everything on the screen as percentages instead of money.

I highly recommend you try these glasses :)

How to use it:

You can watch the following video which explains how to use this trading tool

Alternative trading tools:

You can also refer to the following script for the overall risk trading tool

The story behind Holistic Risk Trading Tools:

The story behind the development of this trading tool is to establish good trading habits, which is to always think in terms of percentages rather than amounts. In this way, we can treat the small account like a large account, so that we can smoothly transfer from the small account to the large account.

How to use it:

You can watch the following video which explains how to use this trading tool

Attachment download

📎 sct_riskpertrade.mq5 (6.11 KB)

📎 pipvalue.mqh (10.27 KB)

📎 createobjects.mqh (5.27 KB)

📎 functionsmql4.mqh (21.95 KB)

Source: MQL5 #36094