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Visual Trade Tool - automatic lot size calc


EdFuk

Question

Hi everyone. I was wondering if there is functionailty in MT4 or an add on which allows you to place trades visually on a chart, including the ability to draw a stop loss (i.e. risk) and to calculate the position size before the trade is placed. Ideally I'd like to enter the amount I want to risk (either as a fixed amount or percentage of the fund equity) then click on the chart at the open price then drag to or click again where I want the stop placed. It would then ideally automatically calculate the lot size and give me the option of setting a Take Profit level before confirming and placing the trade.

Has anyone seen anything like this, if so I'd love to hear from you,

 

E

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