With Trader On Chart, you can open trades 10 times faster in one click because it will calculate lot size automatically based on your preset stop loss, take profit and money management settings.
"I have been using Trader On Chart for the past six months. It is, without a doubt, one of the best pieces of software I have seen. I use it primarily to control my risk management, and I see it now as an essential tool in my trading toolbox. It works perfectly every time, and I would not hesitate to recommend this product to every trader that is serious about their trading."
Install and attach Trader On Chart plugin on your MT4 chart. Installation is straightforward and takes less than 5 minutes.
Preset your desired position size, stop loss, take profit and other trade parameters. You can set the Lot size in percentage (%), money, or fixed lot size.
Trader On Chart will calculate the exact lot size for your trade according to the stop loss size and your available account equity. If you chose to risk 1% per trade, it means TOC will set the exact lot size so that in case your trade hits stop loss you lose no more than 1%.
Trader On Chart allows you to preset your trade details like lot size, stop loss, take profit, breakeven point, trailing stop, etc. This way you can open trades faster with just one click.
Trader On Chart allows you to create straddle pending orders. It means it can place BUY STOP and SELL STOP automatically with one click. Just set the desired distance in pips together with other order details and the TOC will do the rest.
With the Trader On Chart, you can apply Smart Break Even to your trades which helps you cover the expenses of commissions and swaps automatically.
Regular break even is not enough to cover the expenses of a trade if you decide to close it at the open price. It might still be a loser because of the broker commissions and negative swap fees.
Smart traders use Smart Break Even because it will set the stop-loss at the exact price level so that if the market comes back at you to close the trade, it will bank some profits just enough to cover any expenses.
This 3-minute video explains how to use Forex lot size calculator on MT4 to automatically set a proper lot size to risk 2% per trade in just 1-click.
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