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8 Comments

  1. David-Reply
    June 10, 2016 at 4:16 pm

    Hi Charlie, thanks for the video today great as always. I have developed a tool in MT4 that allows you to easily calculate the risk of any trade based on open price, stop, lot size, it also calculates profit and risk reward ratio.

    I just wondered whether this would something you’d be interested in selling via your site for a 50/50 profit split?

    I can send you a video demo to show it.

    Thanks for reading, David

    • Charlie Burton-Reply
      June 10, 2016 at 4:22 pm

      Hi David, thanks but not everyone uses MT4 plus its pretty straight forward to manually know what risk per trade is. Thanks anyway though.

      Charlie

      • David-Reply
        June 11, 2016 at 4:45 pm

        Hi Charlie, yes understand MT4 is an old platform though I plan to extend to other platforms if I can get some momentum on sales. Does the platform you use offer this and hence easy to see risk, or do you have another method? For example how would you work out the risk in GBP for 0.5 lots, 50 pip stop on EURTRY?
        Have a good holiday, cheers David

        • Charlie Burton-Reply
          June 11, 2016 at 5:52 pm

          50 pip stop at 0.5 lots would roughly be $250 of risk

          • Charlie Burton-
            June 11, 2016 at 5:53 pm

            But most of our customers spreadbet so its even easier for them…

          • David-
            June 11, 2016 at 9:07 pm

            Yes good point I hadn’t thought of the spread betters is easy with that type of trading.

  2. Richard Taylor-Reply
    June 10, 2016 at 5:20 pm

    Seems to be the way of things this week. Not the easiest! I’ve spent practically every day this week in trades going sideways for hours. And yes, seems almost every trade I close early due to inactivity (not just this week) eventually goes and hits target anyway. Definitely a weakness I need to rectify. Enjoy your hols!

    • Charlie Burton-Reply
      June 10, 2016 at 5:27 pm

      Hi Richard. That’s a pain but I’m sure it will just be one of those things. That was annoying for me too today to finish the video and then see it go back up again. Never to target but would have still been nicer. But just have to accept those types of days.

      Thanks

      Charlie

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