A quick guide on how we can use Trading Tools for FOREX – STOCK MARKET – CRYPTOCURRENCY etc.., it’s available for IOS and android.
Official versions are available at :
AVG PRICE
(1) : Investment or trade selector, switch easily between investment.
(2) : Open the page where we can Add, Edit (name), Delete your investment.
(3) : Amount of currency invested (in this case 100$), we can enter the full amount or every part individually if we are DCAing.
(4) : Amount of the Asset got (in this case 2.5), we can enter the full amount got or each part we got.
(5) : Button to add the amount of the currency entered above.
(6) : Button to add the amount of the asset entered above.
(7) : List of the currency’s amounts.
(8) : List of the asset amounts.
(9) : Precision can be set from 2 decimals (0.01) to 12 (0.000000000001) for the (AVG) average price.
(10) : Calculate the risk to reward of the (AVG) average price of the total investment in the (Risk / Reward) page.
(11) : The (AVG) average price calculated from the list of the amount invested divided by the total asset got, Formula
AVG price = Total amount / Total asset
In this case
40 = 100 / 2.5.
RISK / REWARD
(1) : Percentage for multiplications.
(2) : Risk ratio, formula
STOP LOSS = ENTRY – (PERCENTAGE * RISK)
In this case
39 = 40 – (2.5% * 1).
(3) : Reward ratio, formula
TAKE PROFIT = ENTRY + (PERCENTAGE * REWARD)
In this case
42 = 40 + (2.5% * 2).
(4) : Entry price got from (AVG price) or we can set it manually,
In this case 40.
(5) : Precision can be set from 2 decimals (0.01) to 12 (0.000000000001) for take profits and stop loss.
(6) : Button to calculate a long position or spot buy take profits and stop loss targets based on the Risk2 / Reward3 ratio.
(7) : Button to calculate a short position take profits and stop loss targets based on the Risk2 / Reward3 ratio.
(8) : Take Profits calculated based on the BUY / LONG6 or SELL / SHORT7, we can copy it by just tapping on it or clicking the copy icon above.
(9) : Stop Loss calculated based on the BUY / LONG6 or SELL / SHORT7, we can copy it by just tapping on it or clicking the copy icon above.
(10) : Visual representation of our targets based on BUY / LONG6 or SELL / SHORT7.
INVESTMENT OR TRADE SELECTOR
(1) : Investment or trade selector, switch easily between investment.
(2) : Delete the investment or trade selected1.
(3) : Edit the title of the investment or trade selected1.
(4) : Add a new investment or trade**.
Official versions are available at :
** we can get 5 more free investments or trades tracking after watching an ad, the first 5 are not calculated.
