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The Risk Management mode is enabled with pressing [[File:RadioBtn_Mode_RiskM.png|90px]] on the [[Chart Trading|Chart Trading Panel]]. | The Risk Management mode is enabled with pressing [[File:RadioBtn_Mode_RiskM.png|90px]] on the [[Chart Trading|Chart Trading Panel]]. | ||
The Risk Management panel includes the interface showing Ask and Bid prices. | |||
The Risk Management panel includes the interface showing Ask and Bid prices. | |||
[[File:Panel_Toggle_BuySell_Entry.png|300px]]<br> | [[File:Panel_Toggle_BuySell_Entry.png|300px]]<br> | ||
'''Buy''' or '''Sell''' buttons work as a toggle switch. Click '''Buy/Sell''' to determine which operation you are going to do. | '''Buy''' or '''Sell''' buttons work as a toggle switch. Click '''Buy/Sell''' to determine which operation you are going to do. | ||
[[File:Entry_Price_Control.png|100px]] — The entry price control shows and allows you to select the price of the order that will be sent.<br> | [[File:Entry_Price_Control.png|100px]] — The entry price control shows and allows you to select the price of the order that will be sent.<br> | ||
[[File:Entry_Offset_AskBid_Control.png|100px]] — Use this control to set the offset from ask/bid. | [[File:Entry_Offset_AskBid_Control.png|100px]] — Use this control to set the offset from ask/bid. | ||
The offset is calculated taking the current ask/bid into account (depending on the trade direction – buy or sell). If one sets the offset, the order price will be recalculated accordingly. | |||
The offset is calculated taking the current ask/bid into account (depending on the trade direction – buy or sell). If one sets the offset, the order price will be recalculated accordingly. | |||
[[File:Entry_Order_Type.png|300px]]<br> | [[File:Entry_Order_Type.png|300px]]<br> | ||
'''Market''', '''Limit''' and '''Stop''' are the toggle switches too. They determine the type of the order that is going to be sent.<br> | '''Market''', '''Limit''' and '''Stop''' are the toggle switches too. They determine the type of the order that is going to be sent.<br> | ||
[[File:Cancel_All_Button.png|100px]] '''Cancel All''' button cancels all pending orders.<br> | [[File:Cancel_All_Button.png|100px]] '''Cancel All''' button cancels all pending orders.<br> | ||
[[File:Close_Button.png|100px]] After pressing the '''Close''' button, MultiCharts sends an order to close the position and the command to cancel all pending orders.<br> | [[File:Close_Button.png|100px]] After pressing the '''Close''' button, MultiCharts sends an order to close the position and the command to cancel all pending orders.<br> | ||
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'''Contracts''', '''$Risk''' and '''%Risk''' fields serve to enter the trade size. They are connected to each other and to the Stop Loss and Profit Target offset. Once the value in one of the fields is changed, the others are recalculated correspondingly.<br> | '''Contracts''', '''$Risk''' and '''%Risk''' fields serve to enter the trade size. They are connected to each other and to the Stop Loss and Profit Target offset. Once the value in one of the fields is changed, the others are recalculated correspondingly.<br> | ||
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[[File:Send_order_button.png|300px]] — This button sends an order in accordance with the settings. The button contains the order direction (Buy/Sell), number of contracts, Limit/Stop price, order type (Market, Limit or Stop). | [[File:Send_order_button.png|300px]] — This button sends an order in accordance with the settings. The button contains the order direction (Buy/Sell), number of contracts, Limit/Stop price, order type (Market, Limit or Stop). | ||
== Stop Loss | |||
Stop Loss currency and percent values are constant and can be entered in $Risk and %Risk fields manually only. | == Stop Loss Contracts and Currency Calculation == | ||
Changing the money and percent values does not change the tick value and order price. But the number of contracts one needs to buy to risk the specified amount of money at the specified stop price will be recalculated. | |||
Stop Loss currency and percent values are constant and can be entered in $Risk and %Risk fields manually only. | |||
Changing the money and percent values does not change the tick value and order price. But the number of contracts one needs to buy to risk the specified amount of money at the specified stop price will be recalculated. | |||
If one changes the stop price or tick offset, the number of contracts for the entry will be recalculated so that the specified risk value does not change significantly. Small fluctuations of the risk value are possible, but the value cannot become bigger than the one that was set manually.<br> | If one changes the stop price or tick offset, the number of contracts for the entry will be recalculated so that the specified risk value does not change significantly. Small fluctuations of the risk value are possible, but the value cannot become bigger than the one that was set manually.<br> | ||
[[File:StopLoss_contracts_and_currency_calculation.png|300px]]<br> | [[File:StopLoss_contracts_and_currency_calculation.png|300px]]<br> |