Market / MetaTrader 5 / Utilities /

Risk Calculator Standard MT5 by PhipsProduktion

30 USD

Demo downloaded: 5

Published: 25 April 2022

Current version: 1.4

Risk Calculator Standard MT5 by PhipsProduktion

Utilities
Philipp Wilhelm
Version: 1.4
Updated: 7 June 2022
Activations: 5

Fast, Efficient and Precise.

With the Calculator from PhipsProduction you have your risk under control with just a few clicks.

Thanks to the easy handling and the visual risk area, the calculator is not only perfect for experienced traders, its also a must for new market participants.

The program is suitable for all Account Currencys and common MetaTrader markets. (except bonds of all kinds)

To the Deluxe Edition: https://www.mql5.com/en/market/product/81428?source=Site+Profile

Application:

1. Check inputs

2. Double click on the price level where you want your stop loss to be

3. Watch the Check-line

4. Arrow-key down -> The check line is reset.

Arrow-key up -> The order is calculated and set according to the risk specified.

5. Let profits run.

Hot Keys:

Arrow key up: confirm and set order

Arrow key down: Reset Check-line

Arrow key right: switch risk area on/off

F7 key: open Inputs

Hashtag key # : Exit program

Attention:

Befor you start the Calculator, make sure that Algo Trading is allowed!

If something is wrong, the program communicates with you at the top of the chart what to do.

Inputs:

Risk calculation

+Calculation: Type of risk calculation

- amount of money: risk according to specified fixed amount of money

- Percentage: risk as a percentage of the account balance

+amount: fixed amount of money that is risked

+Percentage: Percentage that is risked

+precision: Accuracy of the calculation, more important for smaller accounts (e.g. the calculation shows that 0.017 lots should be traded)

- cut: the risk may be smaller than specified (0.01 lots are traded in the example)

- round: the risk may be higher than specified (0.02 lots are traded in the example)

+CheckLine: Color of the Check-line

TradeOptions

+OneTrade: If activated, only one position per market/symbol can be set

+OverRisk: If activated, positions whose stop-loss exceeds their specified risk can still be opened.

In this case, the smallest possible trading volume is traded.

+RiskArea: Shows the area where the stop loss can be set according to your risk. Outside this range you exceed the specified risk.

(Right arrow key to toggle on/off)

+RiskAreaColor: Color of the risk area

+RiskAreaStyle: Risk area style

Orders

+OrderComment: Comment for the Order

+MagicNumber: MagicNumber for the Order

+OrderDeviation: Deviation for the Order-Opening (Slippage)

Interested?

Look for the Deluxe Edition, with additional functions such as Precalculation, Margin Check, Take Profit and many other extras.

https://www.mql5.com/en/market/product/81428?source=Site+Profile

If you have any questions, ideas or requests, please feel free to contact me. I am looking forward to your feedback.

Have fun and good trades,

Philipp Wilhelm, PhipsProduction.

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Filter:

Kevko 2022.05.16 21:37 #

User didn't leave any comment to the rating

Version 1.4 2022.06.07

Compatible for Zero.MT5 accounts

Version 1.3 2022.05.07

Added small Explanation with Hotkeys in the Info-Box.

Version 1.2 2022.05.02

A notification appears in the chart at the top. In the event of an operating error, you now know exactly what to do. (e.g. requote or algo trading disabled).

Version 1.1 2022.04.29

Adjustment to currency conversion.