Ex. 2: Recording risk profile

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The Forex Smart Tools Trade Log offers some of the functions of a mini-spreadsheet in the form of the Calculation type custom parameter. To understand its use, we present a series of examples for you to study.

You can use the Calculation custom parameter to record the risk profile you actually used for each given trade.

  • Set up two new custom parameters for pip value and balance at time of trade, both of type ‘number’
  • Go to the Trade Input tab to activate the new custom parameters, then return to the Setup tab
  • Click on the standard parameter Stop used
  • Create a new custom parameter of type ‘calculation’ for the risk used
  • Enter the formula in the calculation builder dialog:
    (stop used x pip value x lots) ÷ balance at time of trade

Here’s a brief movie showing these steps:

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