Position Size Calculator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator allows traders to calculate the appropriate lot size based on risk percentage and stop loss. Stop losses can be defined using average true range ratios or fixed size points.
It was developed to operate on a points basis (10 pips = 1 pip) for consistent use with currency pairs, indices, commodities and stocks on the MT5 platform.
EURUSD Currency Pair H4 Chart
US500 index first half chart
Attachment download
📎 eg-money-management-indicator.mq5 (13.5 KB)
Source: MQL5 #37075
Position Size Calculator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Position Size Calculator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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