LotCalculatorIndicator
- Indicators
- Version: 1.0
QDragon Lot Calculator & Risk Manager is a premium, interactive utility designed for MetaTrader 5 to simplify your risk management and lot size calculations. No more manual calculations, spreadsheet checks, or guessing lot sizes before entering a trade. Simply drag the lines on your chart and let the indicator do the math!
Why Risk Management Matters
The secret to consistent trading is keeping your risk controlled. With QDragon Lot Calculator, whether your Stop Loss is 10 points or 1000 points, your potential loss will remain exactly what you defined.
Key Features:
- Interactive Chart Lines: Drag and drop the Entry (Gray), Stop Loss (Red), and Take Profit (Green) lines directly on the chart.
- Instant Lot Calculation: The lot size is computed and updated in real-time on the panel based on your selected risk.
- Dual Risk Modes:
* Risk %: Calculate risk based on a percentage of your account balance (e.g. 1%, 2%).
* Fixed Risk ($): Define a fixed monetary amount to risk per trade (e.g. $50, $100).
- Automatic Direction Detection: The indicator automatically detects whether it is a BUY (SL below Entry) or SELL (SL above Entry) setup and adapts calculations instantly.
- Risk/Reward & Financial Metrics: Displays the exact SL/TP distance in pips, potential profit/loss in your account currency, and the exact Risk-to-Reward (R:R) ratio.
- Sleek, Modern GUI Dashboard: A premium, clean dark-themed interface that fits perfectly on any chart template.
How to Use:
1. Apply the indicator to any symbol and timeframe chart.
2. Configure your risk settings on the on-chart panel by typing your desired Risk % or Fixed Risk amount.
3. Drag the Stop Loss (Red) line to your desired cut-loss level.
4. Drag the Take Profit (Green) line to your target profit level.
5. Read the Calculated Lot size shown on the dashboard and enter the trade using this lot size!
6. (For Pending Orders): Click the "Calculation Mode" button to toggle to PENDING. This allows you to drag the Entry (Gray) line to plan Limit or Stop orders.
Input Parameters:
- Risk Percent of Balance (%): Default percentage risk of account balance.
- Fixed Risk: Default fixed cash risk (overrides % if > 0).
- Default SL distance in Pips: Default Stop Loss distance in pips on indicator start.
- Default TP distance in Pips: Default Take Profit distance in pips on indicator start.
- Visual Customization: Customize colors for background, text, buy/sell highlights, and chart lines.
- Panel Position (X/Y): Set the offset position of the panel in pixels on the chart.
