What Is the Long/Short Tool and Who Should Use It?
The Long/Short Tool is designed to simulate a trade based on your custom entry price, stop loss (SL), and take profit (TP). This drawing tool helps you visualize a potential position, assess its risk-reward profile, and understand position sizing before placing a real order with your broker.This tool is especially useful for:
New traders, who want to develop risk awareness and practice setting stops and targets.
Experienced traders, who use chart-based planning and want quick visual feedback on trade setups.
Strategy testers, who want to pre-validate trades on charts using fixed or dynamic Risk/Reward (RR) levels.
You can think of it as a visual trade planner and risk simulator — it won’t place real trades, but it helps you make better ones.
Before drawing a trade, configure the following settings:
Account Size — This is your total capital used for the calculation. For example: 10,000.
Risk Percent — The % of your capital you are willing to risk. For example: 5%.
If you set Account Size to 10,000 and Risk Percent to 50%, you’re risking 5,000 in the simulation. The system will calculate how many lots you could buy if you risked that much at your chosen entry price.
You can set partial targets between your entry and final Take-Profit (TP) or Stop-Loss (SL). These are often used for scaling out of a position as the trade moves in your favor.Each target displays:
Absolute change in currency.
Percentage change from entry.
Change in pips.
You can also define:
RR target for the target.
What percentage of your position to close when that target is reached.
For example:
You set RR = 1.0 and choose to exit 50% of the position.
The tool places a target where your profit equals the initial risk.
When price hits that target, the background fills in and your quantity updates (e.g. 8/8 → 4/8).
This setup helps with layered exits, risk scaling, and more flexible trade management.
The Long/Short Tool is not a trading signal — it’s a risk visualization assistant.It won’t tell you where the market is going, but it will help you answer:
Is this setup worth the risk?
How much could I lose or gain?
What’s the best way to scale in or out?
For any trader trying to improve discipline and clarity in decision-making, this tool can be a vital part of the planning process.
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