MoneyManagement Visualization Tool - MetaTrader 4 Script - MT4/MT5 Resources
This indicator will help traders calculate lot size (risk management and money management) by dragging the horizontal lines.
Add a horizontal line on the price chart and name it "s" (like "starter"). This will add three horizontal lines (named: sl = StopLoss line, tp = TakeProfit line, order = OrderLine) with the default parameters TakeProfit = 40p, StopLoss = 20p. You can drag this line up and down. In the upper left corner you will see calculations for risk and money management.
This indicator has only one parameter: the risk percentage for each order. I use 2% risk per order (this is also the default parameter).
All you need is the "Recommended Lot Size" line where you can see the calculated lot size for your next order. Notice! Calculate based on AccountDeposite
Attachment download
📎 HurtLocker_MM.mq4 (12.74 KB)
Source: MQL5 #10948
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