Market / MetaTrader 5 / Utilities /

Lot calculator tool MT5

30 USD

Demo downloaded: 195

Published: 24 June 2020

Current version: 3.31

Lot calculator tool MT5

Name: Lot calculator tool MT5
Price: 30.00 USD
Rating: 3.6666667 (3 reviews)
Author: Ernestas Kvedaras

3.67

Utilities
Ernestas Kvedaras
Version: 3.31
Updated: 13 January 2023
Activations: 20

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!

more...

191

Eug Chern 2022.06.24 03:27 #

great tool! is it possible to add the functionality to set the risk/reward ratio? my strategy works with 1/1.5 and I need to move the profit target line to find the 1.5 r/r every trade that takes time. thank you

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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NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open and close Multiple Trades on MT5 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Create trailing stop for multiple trades PLEASE NOTE: This is not a script, save it in the experts folder What to Always Note Check the minimum stop levels for the symbo

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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

30 USD

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

30 USD

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

30 USD

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191

Eug Chern 2022.06.24 03:27 #

2838

Reply from developer Ernestas Kvedaras 2022.06.24 09:09 #

You can set the default RR in settings, and also lock RR so it always stays the same

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.

2838

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

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 !!

Version 3.31 2023.01.13

Fixed:

* Use the precise amount of pips in calculations instead of integers only, this should help with calculating more accurate lot size in low timeframes

Version 3.30 2022.07.09

Fixed:

* Respect initial RR when using auto RR locking

Version 3.29 2022.06.15

Added

* New input parameter to define tradeable symbol when setting ISIN on custom symbol is not possible.

Version 3.28 2022.06.13

Fixed

* Potential fix for custom symbols

Version 3.27 2022.06.11

Added:

* Support for custom symbols

Version 3.26 2022.02.02

Added

* Order close short / long buttons

Version 3.25 2021.11.08

Fixed:

* Lot size calculation when equity mode is used
* Display correct label (balance/past balance/equity) on lines based on chosen mode
* Send orders with correct lot size when only one target is used
* Show correct lot amounts on target lines when multiple of them are used and custom lot distribution fields are displayed

Version 3.24 2021.10.06

Fixed:

* Volume calculation issues when multiple targets used in some cases

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)