Tool to Auto-Adjust Order Size by Loss and Stop-Loss (Titan_Smart_Order_Tool)
Tool Overview
This tool allows you to set a loss tolerance for a single trade, specify a stop-loss level for that trade, and then calculate the maximum position size that keeps the loss within the estimated amount, enabling you to place market orders.
Note: This tool is not a typical indicator but an Expert Advisor (EA) type program that can place orders. Please be careful about installation and usage. See the "Tool Settings" section or the EA setup page for detailed instructions.Two Methods to Set the Estimated Loss Amount
You can set the estimated loss amount in two ways:
One method is by specifying a percentage of the account balance. For example, setting it at 5% means that if the account balance is one million yen, the loss tolerance will be 50,000 yen.
The other method is by specifying an exact amount. For instance, setting it at 20,000 means 20,000 yen (in the account's currency) will be set as the loss tolerance.
The setting for the estimated loss amount is made on the tool's launch configuration screen. Please check the "Tool Settings" section below for detailed setup instructions.
Specifying the Stop-Loss Level
You can specify the stop-loss level either by price or by positioning a line on the chart.
To specify by price, enter the desired stop-loss level in the 'SL' section of the panel that appears when you launch the tool.
To specify using a chart line, move the line marked 'SL' to the desired stop-loss level after launching the tool. (The line can be moved like any regular horizontal line.)
Once the stop-loss level is set, the tool calculates the maximum position size that keeps the loss within the allowable amount and displays it in the 'Lots' section.
Note: If the value entered in the 'SL' section is outside the chart display area, the line will not be displayed. If you want it displayed, enter a level within the chart in the 'SL' section.
【Example of Specifying a Stop-Loss Order】
Specifying the Take-Profit Level is Also Possible
By checking the checkbox next to 'TP' on the panel, you can place a take-profit order.
The method for specifying the take-profit level is similar to that for the stop-loss order, either by price or by positioning a line on the chart.
To specify by price, enter the price next to 'TP'.
To specify using a chart, move the line marked 'TP' to the desired take-profit level after checking the checkbox.
Note: If the value entered in the 'TP' section is outside the chart display area, the line will not be displayed. If you want it displayed, enter a level within the chart in the 'TP' section.
【Example of Specifying a Take-Profit Order】
Checking the Risk-Reward Ratio is Possible
Once the levels for the stop-loss and take-profit orders are entered, the tool calculates and displays the risk-reward ratio.
This value can be reviewed before placing the order to decide if the order is truly necessary, helping to avoid unnecessary trades.
【How to Check the Risk-Reward Ratio】
Panel Movement Method
The panel can be moved to any position.
To move it, double-click the double circle at the top left of the panel to select it, then drag the small square that appears to move it to any position.
【Panel Movement Method】
※ This tool operates only on the Windows versions of TitanFX's MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Tool Settings
Installation and Setup for MT4/MT5
This tool is not a standard indicator but an Expert Advisor (EA) type program that places orders. Installation is performed in the same manner as installing an EA.
Since this is an EA type program, you must ensure that MT4 or MT5 is set up to allow automated trading before using it.
For installation and setup instructions for the EA, please refer to the following links.
Input (MT5) and Parameter Input (MT4) Settings
| Variable Name | Description | Default |
|---|---|---|
| Tolerable Loss(Type) | Selects how to calculate the allowable loss amount: either as a percentage (%) of the account balance or as a specified amount. | 割合（％） |
| Tolerable Loss(Value) | If 'Percentage (%)' is selected, the account balance is multiplied by the value entered here to determine the allowable loss amount. If 'Amount' is selected, the value entered is used as the allowable loss amount. | 5 |
| Line Color | Specifies the color of the line used to indicate the stop-loss and take-profit levels on the chart. | 赤 |
| Line Type | Specifies the style of the line used to indicate the stop-loss and take-profit levels on the chart. | Dash |
Color (MT5) and Color Settings (MT4)
This tool does not use the color tab.