Lot Size Calculator Risk Manager Panel MT4
- Utilitaires
-
Do Thi Phuong Anh
I am PA, a 33-year-old Forex trader with eight years of market experience and three years of experience developing tools on MQL5.
I create calculation tools and indicators designed to help traders manage risk. These tools are for educational purposes only and do not constitute financial advice. - Version: 1.0
Lot Size Calculator, Risk Manager and Trade Panel for MetaTrader 4
Lot Size Calculator Risk Manager Panel MT4 (This is the free edition of Lot Architect PRO) is a trading utility for MetaTrader 4 that combines a lot size calculator, position size calculator, risk manager and trade panel in one chart-based interface.
The utility calculates position size from a selected risk value and displays the planned trade information before order execution. Entry, Stop Loss and Take Profit levels can be entered manually or adjusted directly on the chart.
Main Features
Position Size Calculator
Calculate the position size using:
-
Risk percentage of the selected account value
-
Fixed risk amount in account currency
-
Fixed lot size
The calculation can use balance, equity, free margin or a custom account value as the calculation basis.
Risk Manager
The panel displays the main risk and reward information for the planned trade:
-
Position size
-
Required margin
-
Risk amount
-
Risk percentage
-
Potential reward
-
Risk-to-reward ratio
This allows the planned position size and risk parameters to be reviewed before sending an order.
Entry, Stop Loss and Take Profit
Entry, Stop Loss and Take Profit levels can be entered by price or adjusted using chart lines.
When the price levels are changed, the position size, risk, reward and risk-to-reward values are recalculated.
The chart can display the risk and reward areas for visual trade planning.
Trade Panel
The trade panel supports manual order preparation and execution for:
-
Market orders
-
Buy Limit and Sell Limit orders
-
Buy Stop and Sell Stop orders
The selected position size is used when the order is sent.
The panel also provides controls for showing or hiding the Entry, Stop Loss and Take Profit lines.
Multiple Take Profit Levels
Up to four Take Profit levels can be configured.
The position volume can be divided between the selected targets according to the configured settings.
Risk and Trade Information
The result panel provides information about the planned trade, including:
-
Position Size
-
Margin
-
Risk
-
Reward
-
Risk-to-Reward ratio
Commission can also be included in the calculation.
Open Risk Overview
The utility provides an overview of open account risk and can identify positions without a Stop Loss.
This can be used as part of a manual risk management workflow.
Supported Markets
The position size calculation uses the contract information provided by the MetaTrader 4 terminal.
The utility can be used with Forex, Gold (XAUUSD), indices, CFDs and other symbols supported by the trading account.
The calculation result depends on the symbol specifications, broker settings and account conditions provided by the terminal.
How to Use
-
Attach the utility to a MetaTrader 4 chart.
-
Select Long or Short and choose the order type.
-
Set the Entry, Stop Loss and Take Profit levels.
-
Select the risk method: percentage, amount or lots.
-
Review the position size, risk, margin, reward and risk-to-reward values.
-
Send the order when the planned parameters are ready.
The Entry, Stop Loss and Take Profit levels can be adjusted directly on the chart.
Keyboard Shortcuts
Shift+T — Trade panel
Tab — Switch direction
O — Order type
H — Show or hide chart lines
Backtick — Minimize the panel
Demo Account Testing
The order execution workflow can be tested on a demo account.
The position size calculator and trade planning functions can be used to review the calculated values before placing an order.
AutoTrading must be enabled in MetaTrader 4 when the utility needs to send orders.
Important Information
This utility is designed for position sizing, risk management and trade execution support.
It does not predict market direction and does not generate guaranteed trading results.
The calculated position size depends on the account balance or equity, selected risk value, entry price, Stop Loss level, symbol contract specifications and broker conditions.
Always verify the calculated values and test the utility on a demo account before using it in live trading.
All trading decisions and risks remain the responsibility of the user.
"Lot Architect MT4 is very user-friendly and makes trading so much easier and more convenient. The lot size calculation is fast, and the built-in commission calculator is highly useful. The user interface also looks great with nice colors. However, there is a delay when switching menus. For instance, when clicking to change from 'Long' to 'Short', the system lags and takes several seconds to respond. Additionally, I would like to suggest adding a Break-Even (BE) menu function. Lastly, please note that the free version only has a trial period of about 2–3 days."