Friscal is a Windows-based FOREX risk, lot size and market time calculator and toolkit for assisting you with your FOREX currency trading.
Friscal integrates numerous features and calculations that are essential to becoming a successful FOREX currency trader.
Friscal has been designed to be used in conjunction with your trading strategy to assist with day to day lot size calculation, trade setup calculations and trade risk values. It provides users with a simple, yet powerful interface for calculating the risk, money management and trade strategy values that all good currency traders need for long-term success in the FOREX market.
By entering in trade setup information, such as the currency pair, your proposed entry price, stoploss, take profit and risk limit, Friscal calculates your potential profit and loss, your true leverage that you'll be using for the trade and other useful values to help you make the descision whether to execute that trade or not.
Here are some key features of "Friscal":
Risk and Calculations:
· Simplifies FOREX Trade Risk calculations
· Easily convert from pip counts to stoploss and take profit values and vice versa
· Assists in deciding on strategy parameters
· Assists in determining if a 3rd party strategy fits your risk profile and has sensible trading parameters
· Deals with non-US accounts and correctly determines margins, true leverage and trade costs
· Easily convert times into the market timezone of your choosing.
· Helps determine if a strategy suits your trading times.
· Market Times are displayed in your timezone
· Calculates time till session start and end
· Graphical view of current or upcoming market sessions
· Market bars provide a quick glance view of the global market times
· Provides an overview list of currency quotes
· Integrates with MetaTrader 4 so the quotes you're trading with are the quotes with which you're performing calculations.
· Work with real-time quotes
· Can be used offline or with a non-MetaTrader 4 trading platform.
· Customisable market bars
· Customisable market times with all of the timezone conversions done for you.
· Customise the currency quotes and display only what symbols you are interested in
· Customisable currency symbol mapping allowing Friscal to deal with your broker's symbol names
· 30 days trial period
What's New in This Release: [ read full changelog ]
· Added support for openexchangerates.org data feed (requires free registration at openexchangerates.org).
· Added support for Google currency calculator for data feed.