Experts: Lot sizing risk based and also converting the currency of the account

[Automated-Trading]

Lot sizing risk based and also converting the currency of the account:

Hi, so I just made a little code here that will help out a lot of coders that hate doing this (I count myself in it haha). It's made to calculate the lot size of a position based on the risk input and the account size+currency.

Author: Noe Combes Bardoll

[topguntrader]

ive dragged it onto a chart, and see nothing

[Noe Combes Bardoll]

topguntrader:
ive dragged it onto a chart, and see nothing

Its printing it in the experts section

[66paulyg]

Hi!

I like the sound of your script, so I thought I'd give it a go.

I've downloaded the file, compiled it & added it into the relevant 'scripts' folder on my MT4 account. When I attempt to add it to a chart, I get "'lot_sizing' is not script and cannot be executed". What am I doing wrong?

Thanks

[Noe Combes Bardoll]

66paulyg:

Hi!

I like the sound of your script, so I thought I'd give it a go.

I've downloaded the file, compiled it & added it into the relevant 'scripts' folder on my MT4 account. When I attempt to add it to a chart, I get "'lot_sizing' is not script and cannot be executed". What am I doing wrong?

Thanks

Sorry, I made it as a EA type before, I just modified the code, so try again download it and put it to the Scripts folder and run it again (Make sure its version 1.1)

[Mohd Azizi Bin Mohamed]

Hi,

It is nice to know that I'm not the only one trying to do just that.

If you don't mind

void OnStart(){
   Alert(Lots(SL_pips,perc_to_loose)," Lot size for ",Symbol()," with ",SL_pips," SL pips and ",perc_to_loose,"% Risk ");
   
   Print("Lot size : ",Lots(30,perc_to_loose/100));
   Print("[SL] in pips : ",SL_pips);

When you call the function Lots(), it will always calculate for 30 pips.

Have you try TICKVALUE? I did and it cuts my code considerably. Mind-blown.

[Noe Combes Bardoll]

torboxz:

Hi,

It is nice to know that I'm not the only one trying to do just that.

If you don't mind

When you call the function Lots(), it will always calculate for 30 pips.

Have you try TICKVALUE? I did and it cuts my code considerably. Mind-blown.

Just modify the '30' to 'SL_pips', Thats a little oversight that I missed.

void OnStart(){
   Alert(Lots(SL_pips,perc_to_loose)," Lot size for ",Symbol()," with ",SL_pips," SL pips and ",perc_to_loose,"% Risk ");
   
   Print("Lot size : ",Lots(SL_pips,perc_to_loose/100));
   Print("[SL] in pips : ",SL_pips);

But in the Alert it still shows the input from the user, so if you modify the pips to let's say 50, it will give you another result