Hi,
I am looking for something that will allow me to set a stop loss in advance, then press the buy or sell button, and MT4 will automatically open a trade by calculating the amount I want to risk in money.
The reason I ask this is because when I am day trading, the price can move so quickly that I have to adjust the lots to get the risk amount correct. For example, if I am trying to risk £100 on a trade - the candle closes and I place the trade, I may end up risking lets say £91 or £107 because the price has moved.
Thanks for your help!