Interbank FX just announced the launch of four new tools designed to make traders' lives easier:
Risk Calculator:
- The Risk Calculator created by Interbank FX is designed to calculate how many lots you should trade, given your risk percentage input, and display in real-time this amount on your charts.
- Download it here.
Currency Index:
- The Currency Index indicator is a measurement of the Dollar's overall strength by weighing its moves against a basket of other currencies. The indicator can display an index value for 4 currencies: US Dollar, Euro, Pound and Japanese Yen.
- Download it here.
OCO EA:
- Finally the ability to place OCO orders on MT4! OCO, one cancels other, is a type of order that is not one, but two orders. When one of the two orders is executed, the other order is cancelled.
- Download it here.
Orders in My Currency:
- Those who day-to-day deal in a currency other than the US Dollar may find this tool convenient. The Orders - My Currency tool displays the profit / loss of your open orders in terms your own currency (or in any currency you'd like), using live rates streaming into the platform. This tool also has the ability to display values for currencies not streaming into the platform. In the tool's settings, set the current Exchange rate in the "Rate" field. If the rate is displayed as USD/???, then the MultiplyBy field needs to be set to True. If the rate is displayed as ???/USD, then the MultiplyBy field needs to be set to False.
- Download it here.
