A new tool is available that focuses on risk management, specifically stop loss and take profit settings. Users must set a negative value for the stop loss, as it does not function with zero input. The tool allows a take profit multiplier based on the stop loss value, aiding in strategic profit-taking. A notable limitation is its inability to recognize pending orders. However, it efficiently sets a stop loss to default on orders, beneficial for those managing long and short-term positions. Two stop loss strategies are offered: a direct order-based stop loss and a position closure through input multiples. It aims to enforce disciplined stop loss practices, suitable for frequent traders seeking systematic risk control.

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