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  • Comments (30)
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Lot calculator tool MT5

3.67

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 3
Eug Chern
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

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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The product will copy all  Discord  signal   to MT5   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT5. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
News Trade EA MT5
Konstantin Kulikov
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Present to you the useful robot that I have been using for several years. It can be used in both semi-automatic mode and fully automatic mode. The program contains flexible settings for trading on the news of the economic calendar. It cannot be checked in the strategy tester. Only real work. In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add this (delete the spa
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Yury Kulikov
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Attention: You can view the program operation in the free version  YuClusters DEMO .  YuClusters is a professional market analysis system. The trader has unique opportunities to analyze the flow of orders, trade volumes, price movements using various charts, profiles, indicators, and graphical objects. YuClusters operates on data based on Time&Sales or ticks information, depending on what is available in the quotes of a financial instrument. YuClusters allows you to build graphs by combining da
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EA DIDI Alert - Needle Detector for ATM SYSTEMS Are you looking for a tool that will help you take advantage of the best trading opportunities in the financial market? Then you need to know that DIDI Alert - Agulhadas Detector by ATM Systems, the only advisor on the market that uses Didi Aguiar's powerful Needles Setup trading strategy through DIDI INDEX, has multiple resources available, unlike any other advisor dedicated to this strategy. so complete, functional and practical! It identifi
The News Filter MT5
Leolouiski Gan
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This product filters   all expert advisors and manual charts   during news time. This product also comes with a complete  order management system   that can handle your open positions and pending orders before the release of any news. Once you purchase   The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from here onwards. Please note that this product does not work in the strategy tester. To properly evalu
MT5Eezeorder 2
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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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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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Eug Chern
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

Ernestas Kvedaras
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
74
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
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
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 3.31 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)