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Trader On Chart Features
Auto-calculate position size
Trader On Chart will calculate the exact lot size for your trade according to the stop loss size and your available account equity. If you chose to risk 1% per trade, it means TOC will set the exact lot size so that in case your trade hits stop loss you lose no more than 1%.
Trade easily from the MT4 chart
Trader On Chart allows you to preset your trade details like lot size, stop loss, take profit, breakeven point, trailing stop, etc. This way you can open trades faster with just one click.
Easily catch price breakouts in either direction
Trader On Chart allows you to create straddle pending orders. It means it can place BUY STOP and SELL STOP automatically with one click. Just set the desired distance in pips together with other order details and the TOC will do the rest.
Stradle pending orders are prevalent among breakout traders and news traders.
Smart Break Even
With the Trader On Chart, you can apply Smart Break Even to your trades which helps you cover the expenses of commissions and swaps automatically.
Regular break even is not enough to cover the expenses of a trade if you decide to close it at the open price. It might still be a loser because of the broker commissions and negative swap fees.
Smart traders use Smart Break Even because it will set the stop-loss at the exact price level so that if the market comes back at you to close the trade, it will bank some profits just enough to cover any expenses.
Works on Macbook through Windows via Parallels
You can connect Trader On Chart (TOC) app to MT4 while utilizing Parallels for MAC . It means you can enjoy all the benefits of this MT4 trading panel on your Macbook.