The RR (Risk to Reward) Tool displays dynamic SL/TP levels on the chart. Think of it as the built-in Profit/Loss component, but it follows price, has the ability to automatically adjust itself to the current market volatility, and calculates the position size for you.
The levels are based on either:
RR Tool calculates the number of contracts needed to stay within your maximum risk per trade, assuming you place your stop loss at the 1R level. This can help you keep your risk consistent regardless of market volatility.
You can compare the SL/TP levels in relation to current price action for better entries.
The tool is not only useful for entries and position sizing but can be used for gauging the current market volatility. A large range means high volatility, a tight range means slow market.
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