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
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 firstname.lastname@example.org
I would love to help!