Using Autochartist’s Expected Trading Range as a volatility guide Move the orange stop loss line to your desired stop loss level.Move the green entry line to your desired trade entry level.This green line represents the entry level at which you plan to set your pending order. Once you do this a green line will appear.
Click the Checkbox next to “Custom Entry Price”.To set the correct trade size when trading pending orders The Volume is the size of the position you need to set in your deal ticket window: Set the Cash Amount, or the Risk as % of Equity or Risk as % of Balance value. Decide on how much money you want to risk on this trade.If the orange line is above the current price then the indicator assumes you are planning a SHORT position. If the orange line is below the current price then the indicator assumes you are planning on a LONG position.Decide on where you want to set your stop loss and move the orange line to that level.To set the correct trade size when trading the current market price Visit /riskcalculator for tutorials and help with this indicator.Risk the amount of money specified at the desired This is the position size you need to take in order to.How much money you are willing to risk on this trade.This number represents the number of pips difference between.Moving the stop-loss level line on the chart Last 6 months for the current day of week and time of day. Ranges are based on price movements observed in the Tick the checkbox to enable Expected Trading Ranges.The Risk Calculator control panel has a number of features: Once successfully initiated, the Risk Calculator will display as below:
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