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Request for Feature to Adjust Lot Size Based on SL Width with Fixed Risk Percentage

Feature Request

Dear ForexTesterOnline Team,

I hope this message finds you well. I would like to request the addition of a new feature that allows users to adjust lot size dynamically based on the Stop Loss (SL) width while keeping the risk percentage fixed.

This functionality would be highly beneficial for traders aiming to manage their risk consistently regardless of the SL width. The proposed feature could work as follows:

  1. Input Risk Percentage: Users specify the percentage of their account balance they are willing to risk for each trade.

  2. Dynamic Lot Calculation: The system automatically calculates the lot size required to maintain the fixed risk percentage, considering the SL width set for the trade.

  3. Integration into Existing Interface: This feature could be added to the trade settings or as an optional toggle during trade setup.

Benefits of the Feature:

  • Ensures consistent risk management for traders.

  • Simplifies the process of calculating lot size manually.

  • Reduces errors in trade execution, especially for beginners.

I believe this feature would be a valuable addition to ForexTesterOnline and would enhance its usability for risk-conscious traders.

Thank you for considering my suggestion. Please let me know if you require any further details or clarification.

Best regards,
Shota Koga

How does this impact your experience?
Posted by User ·
3 comments

Comments3

  • Serhii S.

    Team•

    Jan 13, 2025

    Hi @User! Thank you for the suggestion. This feature is already implemented.

    When you open the order window, set the Stop Loss and Risk Percentage values ​​and the lot size will be calculated automatically (see screenshot below).

    • User

      •

      Jan 13, 2025

      Dear @Serhii Siechka ,

      Thank you for your response. I apologize if I wasn't clear enough in my initial request. While I appreciate that the Risk Percentage feature is already implemented, I would like to suggest an enhancement to make it even more user-friendly.

      What I'm specifically looking for is the ability to set a default Risk Percentage that would automatically apply to all trades. Currently, we need to input the Risk Percentage value every time we place an order, which can be time-consuming. My suggestion is to have a "Default Risk Percentage" setting that would automatically calculate the lot size based on the SL width without requiring manual Risk Percentage input for each trade.

      This would streamline the trading process while maintaining consistent risk management across all trades.

      Thank you for considering this enhancement.

      Best regards,

      Shota Koga

      • Serhii S.

        Team•

        Jan 13, 2025

        Dear Shota Koga @User! Thank you for the clarification. I will forward your suggestion to our developers for investigation and implementation in future updates. We appreciate your patience.