Key Benefits for Traders
- Informed decision-making: clearly see potential profit and loss in your account currency before executing a trade, enabling more confident and informed choices.
- Built-in risk management: utilise the integrated risk tolerance setting to automatically calculate the appropriate trading volume based on your predefined risk percentage, ensuring you never risk more than you're comfortable with.
- Consistent risk control: your risk tolerance setting is remembered across your account, pre-populating for future trades and fostering consistent risk management without repeated manual input.
- Real-time transparency: dynamic updates to potential profit and loss values, reflecting current market conditions (bid and ask prices) for the most accurate information at the point of trade.
- Streamlined trading experience: the calculators are seamlessly integrated into both the expert advisor and web trade functionalities, providing a unified and efficient trading workflow.
Potential Profit & Loss
When users click the "Trade Now" button in Acuity tools, they will see the potential profit and loss for a trade idea. These amounts are calculated based on the selected volume in the order window and are always displayed in the user's account currency for relevance.
The system utilises the most current exchange rate available within the MetaTrader account to convert funds into the user's account currency.
Potential profit and loss figures can fluctuate in real-time within the order window, as these values are dependent on the dynamic bid and ask prices of the instrument.
Risk Tolerance
A risk tolerance setting has been integrated into the order window, allowing users to specify a percentage of their account balance they are prepared to risk per trade. The default risk tolerance is set at 1% of the account balance.
The system remembers each user's risk tolerance across their entire account, per server. Once set, this risk tolerance will automatically pre-populate for subsequent trades. Based on the user's defined risk tolerance, the system calculates and displays the appropriate trade volume required to place an order. Additionally, the maximum risk per trade will be shown in the top-right corner of the order window.
Users can easily adjust their risk tolerance by changing the volume of individual orders. This action will hide the default risk tolerance setting, allowing for precise risk adjustment tailored to specific instruments.
Disclaimer: The displayed profit and loss figures are for informational purposes only. They are indicative and do not account for variables such as the spread and actual execution conditions. Therefore, these figures may differ from the actual profits and losses experienced when an order is placed. They are intended solely as a guide for potential profit and loss based on a given trade idea.