Lot by Risk MT5

The Lot by Risk MT5 is a unique and innovative Forex trading panel solution designed for manual trading. It offers an alternative method of sending orders, with two significant features that set it apart from traditional trading platforms.

Convenient Order Placement

The first notable feature of the Lot by Risk MT5 is its user-friendly interface for placing orders. The platform employs control lines that are set using specific hot keys, allowing for efficient and convenient order placement. The default keys are ‘T’ for take profit, ‘P’ for price, and ‘S’ for stop loss. Users have the option to customize these keys in the trading panel settings for a more personalized experience.

Advanced Risk Calculation

The second feature that sets the Lot by Risk MT5 apart is its advanced risk calculation mechanism. The platform calculates the volume of the order based on a given risk, provided a stop loss line is present. This allows traders to have a clear understanding of the potential risk associated with each trade they make.

How to Use Lot by Risk MT5

Using the Lot by Risk MT5 trading panel is straightforward. To place an order, traders first set the desired levels. It isn’t compulsory to set all levels. They can then specify the risk—this step is optional. Once these parameters are set, they can click the green send order button. The platform will either place the order or display an alert with an error message if there is a problem. A unique feature of the platform is the ability to close all orders linked to the expert Advisor by magic for the current symbol with a simple click of the close orders button.

Risk Management in Forex

The Lot by Risk MT5 platform makes risk management in Forex trading easier. To calculate and manage risk effectively, traders must set the stop loss line and specify the risk in the “Risk” field of the trading panel. The platform calculates risk based on the account balance, taking into consideration the broker’s restrictions related to the specifics of margin trading. Traders can specify fractional numbers in the “Risk” field, allowing for precise risk management strategies. However, if the specified risk is lower than the allowed lot, the order will be placed with the minimum lot for the current trading instrument.

Forex Software Review: Lot by Risk MT5

Detailed independent tests of the Lot by Risk MT5 can be viewed on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available. This will provide traders with in-depth knowledge about the product’s performance and help them decide if it suits their trading strategies.

FAQ

Can I place an order without setting all levels?

Yes, it’s not necessary to set all levels to place an order.

What happens if I don’t set a stop loss?

If stop loss is not set, orders will be placed with the minimum lot for the current trading instrument.

Can I customize the hot keys?

Yes, the hot keys can be configured in the settings of the trading panel.

Share Your Experience

If you have used the Lot by Risk MT5 Forex trading panel solution, we invite you to share your experience. Your feedback can provide valuable insights for other traders considering this trading panel solution.

Disclaimer

This is an independent product review. It is intended to provide an objective assessment of the Lot by Risk MT5 Forex trading panel solution. It does not represent an endorsement or recommendation.