Account based risk % indicator or orders with automated stop loss calculations based on risk

[richardwittig]

1. This is one feature from DAS Trader pro which tremendously simplified risk management. By clicking on the chart users "told" the program where they want their SL and the program calculated based on the current price/the SL/the maximum account size and a predefined max risk in % the position size, upon executing an order placing a market order and Sl order at the same time.

2. Alternatively, an indicator similar to the BE indicator would be welcome, displaying a predefined risk in % on the price axis making risk management easier especially when scaling in/out. For example: My account size is 1k. Stock price is 100$ and I buy one share. I intend to risk 1% of my account, therefor a colored line is displayed at 90$ indicating that 1% risk if I get out at that price. Buying nine more shares and assuming the price stays the same, the line would move up to 99$.

Thank you for considering and a great day:)

[midav341]

Thank you, this is a great idea! We will add it to our development backlog