The TG Money Management MT4 indicator is a real money management indicator for forex traders.
The indicator automatically calculates the maximum stop loss based on the ATR technical indicator.
From the indicator’s inputs menu, ATR can be switched to start using a fixed stop loss.
In this case, the indicator will show you the maximum position size you can use based on the risk you want to take per trade.
All values and parameters can be changed from the indicator’s inputs menu.
Highly recommended, never use more than 2% risk per trade and a maximum of 6% on all open trades!
The EUR/USD M30 chart below displays the TG Money Management Metatrader 4 forex indicator in action.
Basic Trading Signals
The TG Money Management forex indicator doesn’t generate any forex signals.
Use it for money/risk management.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (risk fraction, account’s money to risk, method to calculate stop loss, ATR length if ATR stop loss, ATR multiplier if ATR stop loss, size in point if fixed stop loss)Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: money management
Copy and paste the TG-Money-Managment-Indicator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)