Forex Software

100% FREE – “TG Money Management” Indicator

Hi everyone! Today I’m sharing a good and rather helpful trading tool –
“TG Money Management” MT4 Indicator.

Following Money Managemt rules is at utmost importance for any trader of any skills level. I highly recommend you read this article about Top Five MM tips: https://altraforex.com/post/top-five-money-management-trading-tips/

The TG Money Management MT4 indicator is a real money management indicator for forex traders. The indicator automatically calculates the maximum stop loss based on the ATR technical indicator.

From the indicator’s inputs menu, ATR can be switched to start using a fixed stop loss. In this case, the indicator will show you the maximum position size you can use based on the risk you want to take per trade.

All values and parameters can be changed from the indicator’s inputs menu. Highly recommended, never use more than 2% risk per trade and a maximum of 6% on all open trades!

MT4 Indicator Characteristics

Currency pairs: Any

Timeframes: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (risk fraction, account’s money to risk, method to calculate stop loss, ATR length if ATR stop loss, ATR multiplier if ATR stop loss, size in point if fixed stop loss)Width & Style.

P.S. Have problems with installation? Send me an email at olivermurphy@altraforex.com
I would love to help!

P.P.S. Please share this post if you liked the free indicator. 🙂

Oliver Murphy

Hi! My name is Oliver Murphy. I am the Head of ALTRA Group, the team of the most qualified and experienced forex traders and programmers. Our Mission Statement: "Trading Forex Made Easy and Profitable for Everyone"! Join our team today!

4 Comments

  1. Hello Oliver,

    Thank you for your indicators which I have found very helpful.

    Keep up the good work.

    Regards

Leave a Reply

Your email address will not be published.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

Related Articles

Back to top button
Close
Close