SCT - Overall Risk % - MT4 - MetaTrader 4 Script - MetaTrader 4 Resources
Most new and immature traders keep losing money because they don't know the importance of calculating and looking at things in percentage terms. Thinking in terms of percentages is a good trading habit that must be developed; although small accounts are different from large accounts, it will allow traders to treat small accounts like large accounts.
The story behind this trading tool:
How to use it:
You can watch the following video which explains how to use this trading tool
Attachment download
📎 sct_riskoverall.mq4 (3.24 KB)
📎 createobjects.mqh (3.92 KB)
📎 pipvalue.mqh (10.12 KB)
Source: MQL5 #34980
SCT - Overall Risk Percent - MT4 - MetaTrader 4 Script Usage and Screening Recommendations
SCT - Overall Risk Percent - MT4 - MetaTrader 4 Scripts is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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