“Hot Button” or Hotkey for Automated Risk and Reward Calculation

Feature Suggestion – “Hot Button” or Hotkey for Automated Risk and Reward Calculation

I would like to suggest a new feature that could significantly improve the trading experience on your platform—particularly in terms of speed, accuracy, and risk management. The idea is to implement a “Hot Button” or customizable hotkey that allows traders to automatically calculate position size and risk parameters based on predefined settings.

Feature Concept:

• Custom Risk Per Trade:
  The trader can set a fixed dollar risk per trade in the settings (e.g., $100 risk per trade).

• Automatic Risk-Based Lot Calculation:
  When the trader double-clicks on the chart to mark their entry and stop-loss levels, the system will automatically calculate the correct lot size needed to match the preset risk (e.g., $100), based on the number of points/pips between entry and stop.

• Auto Take-Profit Level:
  The system can also automatically calculate and place the take-profit order based on a predefined R-multiple (e.g., 2R or 3R), which can also be set in the user’s preferences.

Benefits:

• Saves Time: No more manual calculations or lot size adjustments.

• Reduces Human Error: Ensures consistent risk management across trades.

• Increases Efficiency: Speeds up trade execution, especially in fast-moving markets.

• User-Friendly: Easy to use and ideal for both beginner and experienced traders.

This feature could be a valuable addition for traders who prioritize precise risk control and quick execution. Thank you for considering this idea—I believe it aligns perfectly with TopStepX's mission to support traders with effective and professional tools.