We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.
The Bi tool will show the number of pips I am risking in a trade

The Bi tool will show the number of pips I am risking in a trade

I have determined where my stop should be and where I am entering the trade. I use the Bi tool to view the number of pips I am risking. The Bi tool displays a box in the upper left hand corner of the chart. It shows the upper price and the lower price and the range of pips. Range=56 tells me that I will be risking 56 pips.

The Bi tool helps me determine where my limit should be

The Bi tool helps me determine where my limit should be

I want to make sure I have at least a 1-1 risk/reward when I trade. So I have calculated where my limit needs to be. In order to earn 56 pips on this trade, my limit needs to be at 92.48. The Bi tool shows me this.

I moved the tool to where I saw 56 pips show in the box, and discovered I needed to place my limit at 92.48.

The Bi tool made this trade easier

The Bi tool made this trade easier

You can see the results of my trade. I hit my limit and captured 56 pips. The Bi tool made this much simpler.

Share This: