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2014.08.01 10:35

Maximum Percentage of Equity Risk - library for MetaTrader 5

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votes: 27
RPTrade.mqh (2.63 KB)view

This code allows you to set a maximum percentage of equity risk.

It checks if asked buy/sell lots are fitting the risk. If not, lots are automatically adjusted to fit the risk that was set.


bool UseMaximumPercentageRisk=true;
double MaximumPercentageRisk=25;

#include <Trade\SymbolInfo.mqh>
//|  GetLotSize RPTrade                                              |
double GetLotSize(double lotsize)
//--- Gets pair specs  
   CSymbolInfo symInfo;
   int  digits_bn=symInfo.Digits();
   double  points_bn=symInfo.Point();
   string symbol_bn=_Symbol;
//--- adjust lot 
   int tmpdecimal=1;
   double old_lot=lotsize;
   if((NormalizeDouble(AccountInfoDouble(ACCOUNT_FREEMARGIN)*(MaximumPercentageRisk/100)/1000.0,tmpdecimal)<lotsize) && UseMaximumPercentageRisk) //is lot fitting risk ?
      lotsize=NormalizeDouble(AccountInfoDouble(ACCOUNT_FREEMARGIN)*(MaximumPercentageRisk/100)/1000.0,tmpdecimal);  //Calculates new Lotsize 

      if(lotsize<SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_MIN)) //is LotSize fitting minimum broker LotSize ?
         lotsize=SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_MIN);   //No! Setting LotSize to minimum's broker LS
         Print(_Symbol," Lot adjusted from ",old_lot," to minimum size allowed by the server of ",lotsize);
         Print(_Symbol," Lot adjusted from ",old_lot," to ",lotsize," to comply with Maximum Risk condition. Each trade can risk only ",MaximumPercentageRisk,"% of free margin.");   //Yes! 
         if(MathAbs(lotsize/SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_STEP)-MathRound(lotsize/SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_STEP)))>1.0E-10) //Is LotSize fitting Broker's allowed step ?
            lotsize=SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_STEP)*NormalizeDouble(lotsize/SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_STEP),0);   //NO! recalculates LotSize.    
            Print("M-",_Symbol," Warning: Your calculated percentage at risk lot size of was not a multiple of minimal step",SymbolInfoDouble(symbol_bn,SYMBOL_VOLUME_STEP),". Lot size changed to",lotsize);

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