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This script calculates the correct lot size for both Forex and non-Forex instruments without adding any indicators to your chart.
Choose RiskByPercent or RiskByAmount, enter your stop loss in pips (4-digit), and the script will automatically adjust for 5-digit brokers. The script also enforces broker minimum and maximum lot size limits.
An alert displays the calculated lot size, risk amount, converted stop loss, and tick value.
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Update: Fixed an issue with non-Forex lot size calculations across different brokers.
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Using Mt5 interface to demonstrate how this works on two different brokers
Broker_1 stepsize =0.01 for US30
Broker_2 stepsize = 0.10 for US30
Eliot Waves
"Eliot Waves" EA draws 2 Trend Lines with "zigzag" on chart and trades When a Eliot retracement is formed,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.
2 Moving Averages with Bollinger Bands
"2 Moving Averages with Bollinger Bands" is a custom MT5 indicator that combines two configurable moving averages and optional Bollinger Bands. It generates real-time Buy and Sell arrows when crossovers occur, with optional alerts, sound, and email notifications. Suitable for all timeframes and symbols.
Viral MACD Strategy (3.5M+ Views) — Recreated and Automated
This Expert Advisor implements a well-known MACD strategy made popular through a viral video. It combines MACD signals with trend and support/resistance filters.
MT4-BuildYourGridEA
The expert is a system to help any trader to make a grid of orders.