How to use the risk-reward tool

The Long and Short Prediction Tool on TradeLocker is a powerful feature for PROP365 traders looking to visualize their stop-loss and take-profit levels directly on the chart. It helps traders optimize risk management and refine their entry and exit strategies in real-time.

Why Use the Long and Short Prediction Tool?

• Visualize risk-to-reward ratios directly on the chart.
• Quickly adjust stop-loss and take-profit levels before placing a trade.
• Enhance trading discipline by sticking to a predefined strategy.
• Test different scenarios before committing capital.

Usage

• Select the instrument or currency pair you want to analyze on the chart.
• Find the long and short tool icon represented by three horizontal lines with a diagonal line in the middle.

• Position the cursor at the point where you want to place the prediction and click the left mouse button.
• A prediction graph on the chart indicates a standard value and pips. Take profit is the green area and stop loss the red area for your buy or sell trade.

Adjustment

• Select the prediction rectangle and drag it to adjust stop-loss and take-profit levels.
• Modify risk parameters to align with your trading strategy.

Using the Long and Short Prediction Tool in TradeLocker via PROP365 ensures a structured approach to trading, helping you reduce emotional decision-making and stick to a risk-managed plan.