• Overview
  • Reviews (2)
  • Comments (10)
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Lot calculator tool MT5

3

More stable MetaTrader 4 version is available here: Lot Calculator Tool.

This tool helps you to automatically calculate and manage risk, conveniently place orders visually, schedule orders, trail stops, move them to break-even and more.


Features

  • Place market or pending orders using draggable lines
  • Schedule orders
  • Calculate and limit risk using various methods
  • See current spread
  • See time till next candle
  • Set custom order comments
  • Trail stops
  • Move stops to break-even
  • See order profit/loss in pips
  • Various actions for closing orders
  • Control the tool using hotkeys
  • Toggle trade levels


Settings

  • Risk settings
    • Preferred percentage risk per trade - tool will calculate lot size to match this risk percentage
    • Lot calculation mode - possible modes: current balance / current equity / balance at defined past / fixed lot size
    • Defined past period - possible periods: day / week / month
    • Past period multiplier - the bigger, the further to the past
    • Lot size for fixed mode
    • Split risk for multiple targets
  • Orders settings
    • Magic number
    • Maximum allowed slippage
    • Order comment - limited to 31 characters. Possible wildcards: [currency][balance][equity][risk_percentage][risk_reward][risk_money][risk_pips],[profit_money][profit_pips], [lots]
    • Allow to change default order comment - adds an input to UI
    • Log order send events
    • Allow setting an expire date for orders
    • Allow scheduling orders
    • Virtual levels settings
    • Scheduled order price label size
  • Break-even settings
    • Move stops to break-even at certain level
    • Break-even mode - possible modes: when in profit by given pips, if away from target by given pips, if given percentage of target reached
    • Break-even activation pips / % - depends on chosen mode
    • Move to break-even by given pips above entry line
  • Stop trailing settings
    • Trail stops
    • Trail only after stops have been move to break even, if be used
    • Trailing stop mode - possible modes: fixed pips, ATR, moving average
    • Trailing stop fixed pips
    • Trailing stop ATR period
    • Trailing stop ATR shift
    • Trailing stop distance multiplier - does not apply to MA mode, but useful for setting 2 ATR distance
    • Trailing stop MA mode, applied price, period, shift
    • Prevent stops trialing until specified pips of profit reached
    • Pips of profit to reach before trailing stops - if above enabled
    • Prevent stops trailing until specified percentage of target reached
    • Percentage of target to reach before trailing stops - if above enabled
  • Order limiter settings
    • Limit trades if lost to many trades in a row per day
    • Limit trades if too big % of account has been lost per day
    • Limit trades if too big % of account has been lost per week
    • Limit trades if too much will be at risk at the moment
    • Daily loss in a row limit
    • Daily account loss % limit
    • Weekly account loss % limit
    • Total risk of equity % limit
  • Lines settings
    • Automatically choose initial lines placement (sell / buy) - uses price and moving average to decide
    • Manual default start position for lines - if above disabled
    • Initial distance from current price mode - possible modes: fixed pips, ATR
    • Initial distance parameter (ATR period / pips)
    • Line size, style
    • Use target line
    • Display "Add target" button
    • Prevent from moving stops too far, thus exceeding defined risk
    • Display monetary amounts on lines
    • Display balance percentages on lines
    • Display scheduled order lines
    • Scheduled order line style
  • Other features
    • Display lines flipper button
    • Display "Follow price" button
    • Show "Close all" button
    • Show "Close pending" button
    • Show "Close opened" button
    • Show "Close in profit" button
    • Show "Close in loss" button
    • Display only one order button
    • Display current spread
    • Display time till next candle
    • Display Ask line by default
    • Display Bid line by default
    • Display order profit in pips
    • Display order close button
    • Screenshots
  • Color settings
    • Color for lines, buttons, inputs and other UI elements
  • Hotkeys settings
    • Enable hotkeys
    • Show lines hotkey
    • Hide lines
    • Toggle trade levels
  • UI settings
    • Chart corner
    • UI on top
    • Compact mode

Important: if order limiters are used, make sure that your Account history tab is not filtered and displays all of the history.

Important: do not have more than one EA enabled for the same symbol with scheduled orders enabled. This might cause more than one order being sent to broker!

Reviews 2
Abhishake Kumarathevan
173
Abhishake Kumarathevan 2020.11.07 08:25 
 

Exactly what I was looking for. To be successful as a trader you need to be able to manage risk/calculate risk. This tool makes it effortless !!

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Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT5 Specifications :     Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying     Copy from netting to hedge and hedge to netting is supported.     Fast and instant copy     All settings are input visually.     Easy modifying symbol names, prefix, suffix     Enable/Disable c
70 USD
Real Time Binance Spot Ticks Data
Real Time Binance Spot Ticks Data
Ugur Ucak
(Crypto Currency Charts) It brings the history as much as the number of bars you specify and starts to show the instant data directly. Provides the opportunity to work in all time frames. Allows you to work with multiple symbols. This app is a background service. It downloads the history of all symbols starting with "S" on the market watch screen and shows the ticks data. Automatically transfers real-time trading data of Binance Spot to MT5. Run the script in the link
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Forex Trade Manager MT5
Forex Trade Manager MT5
InvestSoft
Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? Wha
99 USD
Unlimited Trade Copier Pro MT5
Unlimited Trade Copier Pro MT5
Vu Trung Kien
Unlimited Trade Copier Pro MT5 is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the sig
299 USD
Binance Full Trader
Binance Full Trader
Arash Rezaeian
Binance Full Trader is developed for connection to your Binance account and get data, draw price charts and trade easily with any strategy by an indicator. A user-friendly interface has developed for it and has tried to give access to the necessary information such as open orders and wallet balances. ·        There are two sample indicators (one for trade signal and another for price) that you can download it from these links: https://drive.google.com/file/d/1w2CGuu3rArWKMhS9LkepT9zhVkGR1AO7/vie
350 USD
Pyramid OM
Pyramid OM
Sergei Makarevich
Pyramid Order Manager is a utility based on the work of two indicators SM ZigZag and SM trend cloud . With the help of this utility, the trader has the opportunity to set instant or pending orders on the chart in a short time with his lot, take profit and stop loss, as well as the number of orders in the grid, the coefficients of the lot and step change. The utility has two built-in indicators, listed above, with the ability to disable them. A distinctive feature of this utility is the poss
65 USD
Advanced Info Displayer mt5
Advanced Info Displayer mt5
Massimiliano Pirola
Would you like to have statistics about your trades displayed while you operate? Have you a solid understanding of the symbol you are trading? Do you really know everything you need to about your trading account? Do you need to keep an eye on the local times around the world? Advanced Info Displayer answers to all that. It helps you to know many hidden or hard to find data. Also, it is very convenient if you value statistics and maths. Just to exemplify, in more than 80 lines of information you
49 USD
All Pending Orders with StopLoss MT5
All Pending Orders with StopLoss MT5
Leonid Basis
All Pending Orders with StopLoss opens any combination of Buy Stop, Sell Stop, Buy Limit and Sell Limit pending orders and closes all existing pending orders. If boolSL = true then this Script will calculate one common StopLoss value as the StopLoss for a first/last orders and put this value in all pending orders. Input Parameters Before placing all pending orders, the input window is opened allowing you to modify all input parameters: DeleteAllPendings : if true , then all pending orders (for
50 USD
Fast Trade MT5
Fast Trade MT5
Alexey Valeev
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
50 USD
Fibo Alert Ultimate MT5
Fibo Alert Ultimate MT5
ISO Financial Services
This tool adds alerts to your Fibo Retracement and Fibo Expansion objects on the chart. It also features a handy menu to change Fibo settings easily and quickly! Please note the product is not working as a demo. Please watch the video. Features Alert for Fibo Retracement and Fibo Expansion levels. Sound, Mobile and Email alert. Up to 15 Fibo Levels. Continuous sound alert every few seconds till a user clicks on the chart to turn it OFF. Single sound alert with pop-up window. Keeping all user s
31.75 USD
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MT4 Drawer
MT4 Drawer
Ernestas Kvedaras
MT5 version available here: MT5 Drawer . This tool allows you to draw on the chart using keyboard shortcuts. It also provides some custom drawing tools for your convenience. You can configure 3 variants for each tool (6 for advanced patterns), which you will be able to choose from dashboard. There is also, a possibility to define up to 30 quick access keys that skips the dashboard step and goes straight to drawing. Here are the list of supported tools: Advanced Pattern - draws two triangles Ris
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MT5 Drawer
MT5 Drawer
Ernestas Kvedaras
MetaTrader 4 version is available here: MT4 Drawer . This tool allows you to draw on the chart using keyboard shortcuts. It also provides some custom drawing tools for your convenience. You can configure 3 variants for each tool (6 for advanced patterns), which you will be able to choose from dashboard. There is also, a possibility to define up to 30 quick access keys that skips the dashboard step and goes straight to drawing. Here are the list of supported tools: Advanced Pattern - draws two t
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Lot calculator tool
Lot calculator tool
Ernestas Kvedaras
MetaTrader 5 ported version is available here:  Lot Calculator Tool MT5 . This tool helps you to automatically calculate and manage risk, conveniently place orders visually, schedule orders, trail stops, move them to break-even, manually test strategies and more. Features Place market or pending orders using draggable lines Schedule orders Calculate and limit risk using various methods See current spread See time till next candle Set custom order comments Trail stops Move stops to break-even
34.99 USD
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Alberto Lezaun
69
Alberto Lezaun 2020.12.07 10:00 
 

Not working on my MT5. When I put a trade the Expert freezes and it closes, and I have to reload the chart. Finally I am trading without it. :( Where can I ask for a refund? Thanks.

Ernestas Kvedaras
3606
Reply from developer Ernestas Kvedaras 2020.12.28 15:56
It shouldn't happen. Try deleting terminal configs. config directory should be in one of the folders here C:\Users\%USERNAME%\AppData\Roaming\MetaQuotes\Terminal
Abhishake Kumarathevan
173
Abhishake Kumarathevan 2020.11.07 08:25 
 

Exactly what I was looking for. To be successful as a trader you need to be able to manage risk/calculate risk. This tool makes it effortless !!

Reply to review
Version 3.23 2021.07.27
Fixed:

* Profit target was not being set when sending order with only 1 target.
Version 3.22 2021.01.10
Fixed:

* An issue where single target orders where sent as 0.01 lot sized

Updated:

* Prevent distributed risk from being 0. It should be minimum 1, otherwise risk distribution gets higher by 0.01 lot
Version 3.21 2020.12.28
Added:

* Ability to define maximum lot size to prevent accidentally high orders
* Ability to define custom lot distribution between multiple target orders. Each field defines how much of the remaining lot size should be allocated for that order. So the last value should almost always be 100% to give the remaining order all remaining lots.
* Ability to lock Risk Reward ratio by either pressing a new UI button or a hotkey (R by default)