<h2>Variable Price Limit</h2>
<p>A <strong>Variable Price Limit</strong> (VPL) is an order type that allows traders to set a maximum risk per trade, rather than a fixed price level. It's particularly useful for managing risk in volatile markets. Here's how it works, why it matters, and an example to illustrate its use.</p>

<h2>How It Works</h2>
<p>In a VPL order, you specify the maximum risk you're willing to take on a single trade, usually in monetary terms. The platform then calculates the stop-loss and take-profit levels based on the current market price and the risk-reward ratio you've set. Here's a simple breakdown:</p>
<ul>
  <li>You set your maximum risk, say $100.</li>
  <li>The platform calculates the stop-loss and take-profit levels based on the current price and your desired risk-reward ratio (e.g., 1:2).</li>
  <li>As the market moves, the stop-loss and take-profit levels adjust to maintain your maximum risk.</li>
</ul>
<p>On STB Provider's MetaTrader 5 platform, you can place a VPL order by selecting 'Pending Order' as the order type, then choosing 'Stop Limit' or 'Limit' with a stop-loss and take-profit set. The platform will automatically adjust these levels based on your risk.</p>

<h2>Why It Matters for Traders</h2>
<p>Using a VPL order offers several advantages:</p>
<ul>
  <li><strong>Risk Management</strong>: VPL helps you stick to your risk management strategy by automatically adjusting your stop-loss and take-profit levels.</li>
  <li><strong>Flexibility</strong>: It allows you to set your risk per trade, regardless of the price movement in the market.</li>
  <li><strong>Potential for Higher Reward</strong>: By maintaining a consistent risk, VPL can help you capture more of a trending market's movement.</li>
</ul>

<h2>Example</h2>
<p>Let's say you're trading EUR/USD on STB Provider's MetaTrader 5 platform with a $10,000 account. You want to risk $100 per trade and have a risk-reward ratio of 1:2. The current price of EUR/USD is 1.18500.</p>
<p>With a VPL order, you set your maximum risk to $100. The platform calculates your stop-loss at 1.18350 and your take-profit at 1.19050. If the price moves against you, your stop-loss will adjust to maintain your $100 risk. If it moves in your favor, your take-profit will adjust to maintain your 1:2 risk-reward ratio.</p>

<h2>Key Takeaways</h2>
<ul>
  <li>A Variable Price Limit order is an advanced order type that allows traders to set a maximum risk per trade.</li>
  <li>It's particularly useful for managing risk in volatile markets and can help traders maintain a consistent risk strategy.</li>
  <li>STB Provider's MetaTrader 5 platform supports VPL orders through its 'Pending Order' function.</li>
</ul>