auto lot size based on risk% | Forex Factory

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auto lot size based on risk%

  • #1
  • First Post: Feb 16, 2019 2:06pm Feb 16, 2019 2:06pm
Hi, does an ea exist that auto sets your lot size based on risk % attached to number of pips stop? eg, I have a fixed 10 pip stop but want to risk 10% of account per trade. I use MT4 and may be looking at MT5

Thanks in advance.
  • #2
  • Feb 17, 2019 4:10am Feb 17, 2019 4:10am
Quoting iak
Hi, does an ea exist that auto sets your lot size based on risk % attached to number of pips stop? eg, I have a fixed 10 pip stop but want to risk 10% of account per trade. I use MT4 and may be looking at MT5 Thanks in advance.
Have a look at FX Synergy, it has exactly that.
There is also a free tool on the website but dont know if it will do what you want.
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  • #3
  • Feb 17, 2019 5:14am Feb 17, 2019 5:14am
Quoting iak
Hi, does an ea exist that auto sets your lot size based on risk % attached to number of pips stop? eg, I have a fixed 10 pip stop but want to risk 10% of account per trade. I use MT4 and may be looking at MT5 Thanks in advance.
Try this indicator, it shall do what you are looking for. In the settings put 10% as risk. Then click on the button on chart, then first click will place your entry price, then second click is for stoploss, third click for takeprofit line. Double click on any line to drag & adjust. Once you set entry,stoploss & takeprofit lines it will show you lot size, risk, probable loss & profit on the info bar. Triple click on anywhere on chart will clear all lines.

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Regards.

Attached File(s)
File Type: ex4 3ClickPositionCalc_Indicator.ex4   256 KB | 1,545 downloads
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  • #4
  • Feb 17, 2019 2:25pm Feb 17, 2019 2:25pm
Thanks Rastus and Aar. Just seen your posts. Will check out both suggestions. Appreciate the help.
  • #5
  • Apr 28, 2019 12:29pm Apr 28, 2019 12:29pm
hello, I'm looking for an indicator or EA or script, that I control and put a maximum limit for the lot allowed by my maximum leverage in my account

so I put an X% of leverage and from there do not let me pass opening operations
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  • #6
  • Mar 31, 2020 2:20pm Mar 31, 2020 2:20pm
Quoting Aar
{quote} Try this indicator, it shall do what you are looking for. In the settings put 10% as risk. Then click on the button on chart, then first click will place your entry price, then second click is for stoploss, third click for takeprofit line. Double click on any line to drag & adjust. Once you set entry,stoploss & takeprofit lines it will show you lot size, risk, probable loss & profit on the info bar. Triple click on anywhere on chart will clear all lines. {image} {image} Regards. {file}
Thank you so much!
  • #7
  • Mar 31, 2020 4:58pm Mar 31, 2020 4:58pm
Quoting iak
Hi, does an ea exist that auto sets your lot size based on risk % attached to number of pips stop? eg, I have a fixed 10 pip stop but want to risk 10% of account per trade. I use MT4 and may be looking at MT5 Thanks in advance.
Well, 10% risk with 10 pip stop loss seems like a recipe for disaster to me, but whatever



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  • #8
  • Sep 15, 2022 5:11pm Sep 15, 2022 5:11pm
Quoting Aar
{quote} Try this indicator, it shall do what you are looking for. In the settings put 10% as risk. Then click on the button on chart, then first click will place your entry price, then second click is for stoploss, third click for takeprofit line. Double click on any line to drag & adjust. Once you set entry,stoploss & takeprofit lines it will show you lot size, risk, probable loss & profit on the info bar. Triple click on anywhere on chart will clear all lines. {image} {image} Regards. {file}
Do u have the mt5 version?
  • #9
  • Sep 15, 2022 8:02pm Sep 15, 2022 8:02pm
Quoting ayesujeffry
{quote} Do u have the mt5 version?
Let me guess, with only 1 post, I'm willing to bet that you don't even know what is available for MT5 or where to look for it?

Let me emphasize that this is FREE

And it has the one parameter mention here in this thread, namely: auto lot size based on risk%

All the other features will be a bonus for you.

Did I mention it is FREE

And coded by a profession, hope it meets your high standards, if not, there are others.

Good Luck

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  • #10
  • Last Post: Sep 24, 2024 7:56am Sep 24, 2024 7:56am
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