Hello guyss this will be my first post in forex station. I have a risk management indicator idea that i would like any coders here to help create it. It is based on the concept '' know your risk involved, your profits will come naturally''. Basically I would like this indicator to add up the total potential loss amount based on the stoplost that i set for all my trades and show it in simple text label format in my charts. This means it would calculate the money i risked based on every single trade when i add more position ( which my SL may not be the same level as the initial positions stoplost level & i want this indicator to add up every single trades stoplost amount of money risked no matter how many positions i open let say 50 positions). This pictures will give u an idea what i meant ( first trade my money risked is USD 12.76 , second trade my money risked is USD39.20 , so total money risked is USD 51.96 which i would like it to display as simple text label format in upper left corner of my chart [ function to move the text label anywhere i want be better ] [ if it is possible , do make a MT5 version of it also] :
& Thanks in advance!