Risk & Reward Professional/Expert

Trade Planning

Every trade starts with planning.

“Plan Buy” and “Plan Sell” 

Watch the 3 minute tutorial for this section here:

First, you need to decide to plan a long or short trade. Click on the “Plan Buy” to start planning a long, and on “Plan Sell” to start planning a short trade. As soon as you click on the “Plan” buttons, the chart window will show a visual representation of the planned trade:

Here we simply clicked the “Plan Buy” button. Now, the entry, stop and four targets are shown. You can change all price levels by moving the price lines or the coloured box area. We usually move the chart a little to the left and the box area to the right, this gives the best overview.

Whenever you change the distance between the entry and stop price, the volume/lots get re-calculated to match your max risk parameters. The overall volume is then divided by the number of targets and their distribution scheme.

Pro tip: use the shift key on the keyboard while moving the entry or stop price level to keep the distance between entry/stop constant.

Pro tip: use the alt key on the keyboard while moving any price or stop level to keep all distances constant.

Target settings

You can define up to four targets. The volume that gets closed at the target price is given by the percentage you put into the TG1-TG4 boxes. When creating the targets, the tool tries to help you by filling up the missing percentages into the higher targets. Therefore please always start from a lower to higher target so that the tool can support you with the calculation.

Closer Look

In the example above, the settings are 0.5% risk with 30% at TG1, 30% at TG2 and 40% at TG3. The red area is the stop area with information about the overall trade size and risk. In this case, the stop is set to 13 pips – resulting in 0.9 Lots with a max loss of 104.38 which is 10% of the account value.

Pro tip: check the “Spread” value in the red area to see the current “usual” spread of the chosen Symbol. Take this into account while planning the stop distance.

Now check out the target boxes. You see the information on how many pips the target is away from the entry, and how many lots will be closed to meet the percentage for that target.

Example

E.g. for target one, the profit would be 40.30 (-4.01 commissions) = 36.29 and you would achieve a 1:1.29 R for that partial trade. Taking the overall volume into account, the trade would result in a 1:0.35 R at that target. If you check out target two, you see that the partial trade to target 2 will have a 1:2.85 R, while the overall trade gets a 1.20R at that time. Looking at target 3, the last 40% gets closed and this remaining volume will have a 1:4.40R, while the overall trade closes with a 1:2.96R.

The important thing is the first “RR” number only displays the Risk/Reward based on the positions of the target and the stop while the second number also factors in the profit made and max possible loss.

Checking out these values will give you a comfortable overview of the overall trade outcome when hitting these targets.

Use Dynamic TG1

Target 1 is a special target which can be used in two modes. If you do not select “Use dynamic TG1”, it is acting the same way as TG2-4. You can put in a percentage of your position that should be closed at TG1.

If you select “Use dynamic TG1”, you can define a risk multiplier that should be taken out of the market at target one.  E.g. if you put in a 2 into TG1, the tool will now calculate the volume that is necessary to get a 1:2 Risk/Reward at target one:

As you can see, the tool now calculates the volume that is necessary to get 2R out of the market at TG1. In this case, it needs to close 1.04 lots to reach the 1:2 R/R. The remaining lots are then divided by the given percentage of TG2-4. In this case, 30% at TG2 and 70% TG3. After playing around with the parameters and the price levels, it should be easy for you to plan a trade and get all the necessary information before actually entering the market.

Settings and Defaults for Planning

Watch the 3 minute tutorial for this section here:

The “Plan Buy” and “Plan Sell” Buttons will show/hide the trade planning, but the buttons have multiple options that can be used to create a long or short scenario the fast way.  To set up the buttons, open the Options / Planning / Default Pips section and put in your default values:

Keep Entry

If you select this, closing and opening the planning does not move the entry price. Without the selection, the current price would be the start price of the calculation.

Keep Stop

If you select this, closing and opening the planning does not move the stop price
Without the selection, the stop price would be calculated by the default stop setting.

Keep Targets (1-4)

Put in the number of targets that should keep the price level while opening/closing the visualization.

Default Stop in Pips

Used to calculate the default distance from entry to the stop.

Default Targets

After setting the defaults close the Options section and go back to Planning. Now try the following and check out the different behaviour of the buttons.

  • Pressing the “Plan Buy” / “Plan Sell” buttons will show/hide the planning without moving the price levels.
  • Double clicking the buttons will create a fresh trade with the current price as the start value and use the default 1 parameters from the options. In this example, a trade will be created where TG1 is placed at 2R and TG2 is placed at 4R and the stop is placed 5 pips from the entry.
  • Triple clicking the buttons will apply the default 2 parameters. In this example, a trade will be created where TG1 is placed at 5R and TG2 is placed at 10R and the stop is placed 5 pips from the entry.

Default 1 TG1-4

Set the Default 1 parameters for the reward you like to archive at Target 1-4. In the example above we have 2R at Target 1 and 4R at Target 2. Target 3-4 will be calculated with default values.

Default 2 TG1-4

Set the Default 2 parameters for the reward you like to archive at Target 1-4. In the example above we have 5R at Target 1 and 10R at Target 2. Target 3-4 will be calculated with default values.

Expert Features

The expert version unlocks a multitude of new features

Watch the tutorial for “stop trigger” and “change existing” here:

Stop Trigger

Stop Trigger controls when your stop-loss is activated

  • “Trade”: Stop triggers on one tick (Bid price for buys, Ask price for sells)
  • “Opposite”: Uses the opposite price (Ask price for buys, Bid price for sells)
  • “2x -”: Requires two consecutive ticks to trigger respectively – can prevent premature stops

This can be used to have better control over the stop-loss behavior and protect against unwanted triggers during high market volatility

Change existing

When activated this updates the Stop Trigger behavior for already established orders and positions 

Planning Options Section

The expert version adds an entire new “Planning” section in the options.

Planning / Order

Watch the tutorial for the Planning / Order section here:

Add spread

This is used to plan trades in accordance with the market’s spread. It automatically calculates the markets spread and then adds this to the stop-loss when shorting

Risk Premium

The Risk Premium is a “Quality of Life” feature that adds an extra risk buffer without changing primary trade calculations.

How Risk Premium works:

  • Actual stop-loss is moved beyond the originally calculated stop-loss (e.g., by 0.5x your R-value)
  • Risk and profit calculations still use the original, tighter stop-loss – the system calculates based on the initial stop while your actual stop sits further away

Benefits:

  • Prevents premature stop-loss triggers from brief market spikes or “wicks” that barely touch your stop before price moves back in your favor
  • Gives trades more “breathing room” – allows potentially profitable trades to survive that would otherwise be stopped out unnecessarily
  • Maintains accurate risk calculations while providing practical protection against market noise

Planning / Bias

Watch the tutorial for the Planning / Bias section here:

Activating the bias buttons enables you to select “Bias Up” or “Bias Down” in the Planning section. These will when pressed display a text on the chart reminding you to only buy/sell.

Planning / Calc

Watch the tutorial for the Planning / Calc section here:

The Calc features help you plan trades using advanced trading strategies like inefficiencies and certain wicks.

Show Calc Buttons

This displays the calc buttons in the planning panel.

Here you can move your entry depending on a candle and the ones next to it.

Calc from bars ago

Select the bar you want your calculations to be done by. When a new candle is created the input is updated so that it keeps pointing to the same one.

Calc Buttons

  • Wick / 50% Wick: Sets the entry at the base / 50% of the wick respectively
  • 100% / 50% Inefficiency: Sets the entry at 100% / 50% of the calculated inefficiency
  • 100% / 50% Body: Sets the entry at 100% / 50% of the body

Mark calc region

When selecting the bar from a higher timeframe than the chart, this highlights the bars that represent it in the lower time frame.

Trend/Counter Percentage

The tool automatically determines whether you are trading with or against the trend. Using this you can set different percentages for your calc buttons depending on the situation.

  • Trend Percentage (default: 50%): Used when the tool detects you’re trading WITH the trend.
  • Counter Percentage (default: 50%): Used when the tool detects you’re trading AGAINST the trend.

Calc Timeframe

Select the timeframe you want the calculations to be done by. Can be used together with “Mark cal region” to plan your trades utilizing the different timeframes.