Need simple excel sheet/program for risk calculation please

i don't know if this was done before. If it has please link me to it.

I was wondering if someone could make a simple excel sheet which has 4 boxes.

1. Input account balance
2. Input % willing to risk
3. Input Stop loss in pips

4. Output lot size you should enter (please support mini lots too)

What is the market?

Don't forget: PIP size, Base currency, Terms currency of the trade pair and second pair if a cross currency calculation, Bid and Offer rate inputs for both pairs, account currency, trade direction, minimum lot size....

google pip calculator

Its for forex.

I don't know if you need strictly an excel spreadsheet but if you are looking for a simple position size calculator for MT4 then have a look at this. http://www.fxorg.org/DownloadMtOrderEntrySystem.aspx. You only need to drag 2 scripts on your chart, one for the entry price and one for the stop loss and you have your position size according to your R%.

Also I don't know if what you asking is doable since all those that One day! listed above are needed.

here's one I made ... (open your MT4 first, and once that is logged on and updating, open the Lot Size Calculator second and it will update in real-time) ... click on "GET DATA" to turn it off and on ... you enter "Equity" manually, but use the up and down arrows for the other fields ... (you don't have to click repeatedly for every number change ... click and hold will cause the numbers to keep changing until you release) ... I wrote it specifically for my needs, as far as pairs I'm using and the upper and lower limits for the stoplosses and %risk, but if it's the the sort of thing you're looking for, I could modify it if you want

The problem with the OP question is very common: How do you define risk? There needs to be a clear definition of how to define risk and how to to go about entering and exiting trades. This free cost averaging spreadsheet aims to clarify this definition, and allows you to incorporate entries/potential exit in a grid formation. It keeps your trading structured, organized and you can clearly see the amount of risk vs size (pip distance) of the total trend.

Hi mate,

Try this indicator. Hope it helps.
http://codebase.mql4.com/6734