This is the key difference of EPIC tool from the standard MetaTrader trade tool: you open a new position at one click without calculating its size, stop loss and take profit. Once a trader sets the rules to calculate max risk, all further positions must open with automatically calculated size, stop loss and take profit in order to conform max risk limitation.
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How to Trade With this tool: The Easy-to-use Trade Tool ButtonsĪs was mentioned above, one of the key features of EPIC money management tool is controlling a max possible loss per trade.
Traditional trailing stop set in points – follows a price with each tick and moves stop loss ahead to keep specified stop loss distance.Automatically trails stop loss using one of the predefined strategies: In ATR units, for example, 2x ATRs of profit.Directly in points, for example, 100 points of profit.Automatically sets a stop loss to break even when a profit reaches a specified value. Stop loss and take profit can be set by ATR multiplier.Stop loss and take profit can be set directly in points.Automatically sets stop loss and take profit on position opening. Having max allowed loss and stop loss value (see below) EPIC tool automatically calculates a size of position to open.Use a percentage of account balance, for example, 1% of the current deposit.Use a specified currency amount acceptable for risk, for example, $100 per trade.Risk managemen t: Opens positions with a size based on specified risk management rules.Compact-looking information tabl e for showing trade parameters and features like: already open positions, max available money to risk per next trade, stop loss and take profit sizes (in points and converted to money) possible for next trade, trailing stop, break-even sizes, etc.
Visualization of an entry level, stop loss and take profit that will be set to buy/sell position if trader presses Buy/Sell trade control buttons.
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