Money Bot Elite Indicator: Totally customizable to your risk settings! The New Master Money Bot Elite indicator now gives you more information about your remaining margin that you will have left after you place the trade. The Master Money Bot is placed on your charts for Lot Sizing and Risk Management. The New Elite Version gives you not only the next lot size to use but also the available margin that will remain after you use that lot size on your next trade. All you do is place the Master Money Bot Elite indicator on your chart, enter your settings and it will show in the top left corner like the picture to the left. (Click the Picture to enlarge.)
Amount at Risk: As you can see in the picture to the left, the Master Money Bot tells you the amount you are going to risk on the next trade with the default stop loss setting and lot size. When you enter the trade and place your stop loss at 50 pips, if the market does not go in your favor and hits the stop, you risked the amount show on the Master Money Bot using your default calculations. The Master Money Bot reads from your brokers account settings and calculates accurately what your next lot size should be according to the stop loss distance you have chosen.
Broker Margin: The Master Money Bot Elite tells you how much broker margin you will have left after you place the trade with the lot size Master Money Bot shows you on the chart. Now you can not only have the best money management, knowing your proper lot size, but also know how many trades you can open at that lot size before you run out of margin. Successful trade execution and money management ideas can be discussed in the Master Money Bot Trading Forum with other members.