Lot Calculator - Risk Management Tool - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Most professional traders say their success is based on strict risk management.
This simple tool is designed to display the correct trading lot size based on the following basic risk management rules:
So, for example, you have 2000 euros in your account and you want to place an order on EURUSD. The emergency stop is 191 pips from the order opening value. What is the correct trading lot size?
The formula is:
The result is shown in the figure below, which is 0.02 lots.
With €2000 available, the risk is 165 pips and to risk 2% you have to trade no more than 0.03 lots of USDJPY.
This indicator shows the amount converted to the current account currency.
To change indicator parameters, just access the indicator properties:
Attachment download
📎 lot_calculator.mq5 (5.34 KB)
Source: MQL5 #19870
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