Smart Limit Order

Smart Limit Order

Input Variables :

• Risk — The risk calculation function calculates the volume for the limit order based on entry price & stop loss price. The percentage amount that will be. lost if hit by a stop loss
• Reward1 — Risk Reward Ratio 1;
• Reward2 — Risk Reward Ratio 2, set value to 0 if not used;
• Reward3 — Risk Reward Ratio 3, set value to 0 if not used;
• Reward4 — Risk Reward Ratio 4, set value to 0 if not used;
• LotDigits — digits of lot after the comma, default value is 2;
• MinLots  — Min Lots;
• MaxLots  — Max Lots;
• MagicNumber — Magic Number;

What you need to do is open a limit order by using a stop loss, and the Smart Limit Order will replace your limit order with the correct lot size based on Risk & Reward Ratio.

Limit orders without a stop loss will not be corrected.

If you want to entry now at the current price, you can use a Buy Stop or Sell Stop using a stop loss.