Welcome to the comprehensive documentation for the Risk & Reward Tool – a powerful trading assistant designed to help you plan, execute, and manage your trades with precision and confidence.
Watch a showcase of the basic workflow following two trades here:
What is the Risk & Reward Tool?
The Risk & Reward Tool is an advanced cTrader indicator that transforms the way you approach trading. It enables you to visualize your trades before execution, calculate position sizes based on your risk tolerance, and manage multiple targets with ease. Whether you’re a beginner or an experienced trader, this tool helps you maintain discipline and make informed trading decisions.
Key Features
Visual Trade Planning
Plan your trades directly on the chart with an intuitive visual interface. Set your entry, stop loss, and up to four take profit targets, and see your potential risk and reward in real-time.
Advanced Risk Management
Calculate your position size automatically based on your account balance or equity. Choose between percentage-based risk, fixed amounts, or custom lot sizes to match your trading strategy.
Multiple Take Profit Targets
Divide your position across up to four different profit targets. Use dynamic risk-reward ratios or percentage-based distribution to optimize your exits and lock in profits progressively.
Smart Order Execution
Split large orders into smaller pieces for better fills at optimal prices. The tool automatically manages multiple orders and positions, keeping your trades organized and efficient.
Position Management
Monitor and adjust your trades with built-in features like break-even automation, trailing stops, and partial profit-taking. Stay in control of your positions without constant manual intervention.
Getting Started
To begin using the Risk & Reward Tool effectively, we recommend following this learning path:
- Setup Configuration – Install the tool and configure your preferences
- Trade Planning – Learn how to plan trades with visual precision
- Trade Execution – Execute your planned trades with confidence
- Manage Positions – Master position management and automation
System Requirements
- cTrader desktop platform (Windows or Mac)
- Active trading account with a supported broker
- Basic understanding of trading concepts (entries, stops, targets)
Ready to take control of your trading? Start with the Setup Configuration guide to install and configure your Risk & Reward Tool.