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LotLoss - script for MetaTrader 5

Mokara

Views:
1966
Rating:
votes: 8
Published:
2019.11.14 13:47
LotLoss.mq5 (0.8 KB)view

Simple risk management tool, that calculates required lot size according to amount of money trader affords to lose and stop-loss in points.

INPUTS

  • Risk-Money: money to sacrifice.
  • Stop-Loss Points: stop-loss in points.

EXAMPLE

  • AUDJPY Sell Order 
  • Risk-Money: 1000 USD
  • Open Price: 73.706
  • Stop-Loss: 76.130
  • Stop-Loss Points: 76.130 - 73.706 = 2.424 (2424 points)
  • Lots: 0.45
  • You lose 1000 USD, if you hit stop-loss with 0.45 lots position.

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