Scale by risk
Last updated
Last updated
The scale-in by risk component is an innovative trading tool that automatically calculates the size of a trade based on the specified stop loss and risk percentage of your account.
You can customize several parameters to suit your trade, such as the percentage of size to enter at the first order, the percentage of trade size to scale in below the entry price, and the distribution ease percentage towards the entry or stop loss to adjust the average entry price.
This tool enables you to plan swing trades with a defined risk-reward ratio, and if you set the take-profit level, it will display the estimated profit and loss if the TP is hit.
You can enable the "preview" mode to experiment with the sliders and preview how the orders would be created.