Download free trial of Super Sid ... your essential assistant for Metatrader
Features  Super Sid Action Movie

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Part 2
Features  Compare Sid to MT4 Order Entry 

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 Features   Installing Super Sid

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 Features   Super Sid Settings

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 Features   Trading with Super Sid

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 Features   Adjustments and closing orders 

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 Features   Using the Trailing Stop effectively

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 Features   Locking In some Profit 

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 Features   Scalping and News trading

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Why use Super Sid for Metatrader ?
Metatrader is the charting platform used by more than 40 brokers around the world. Therefore, it would seem to be the most popular charting package for trading forex. It is also used to trade CFD's and for trading Gold, Silver etc. This gives complete flexibility to be able to choose (or change) your broker....... without having to change any detail of your Trading System.

While it is extremely "User friendly", the Order Entry can be  a little "clunky" and confusing. For example, if you want to trade your $1,000 mini account on the EURUSD with an 18 pip Stop Loss, and risk 5% of you account on this trade, how many lots can you place with this order? What is the correct formula to calculate the number of lots? Go here for a detailed video on how to calculate lots.

The formula is " Lots = $$Risk / StopLoss * Pip Value ".

In other words,  $50 / 18 * $1 =  2.78 lots.   (Some brokers allow lots to 2 decimal places)

However, what if you are trading the EURGBP?   What is the Pip Value?

Don't just assume it's always $1 per pip on a mini account and $10 per pip on a standard account.

The EURGBP currently is $1.98 for a mini and $19.80 in a standard account. If you had assumed $1 in your calculations, you would be risking nearly 10% of your account !!

Super Sid will EASILY pay his way with the increased efficiency and far more confident trades that you will now be able to make..

That's why Super Sid is essential..... to help stop any damaging mistakes. See him in action.

Any trading decisions made using Super Sid are your responsibility and the owner of this site is not liable for any losses. Forex trading is high risk and you could potentially lose part or all of your capital.