Risk Based Lot Panel

1. Overview

This panel is a practical utility designed to manage your risk effectively. It automatically calculates the ideal lot size based on your account equity and a pre-defined risk percentage, allowing you to focus entirely on price action rather than manual calculations.

2. Key Features

Smart Lot Calculation: The tool determines the precise lot size by analyzing your current equity, risk settings, and the distance to your stop loss.

Visual Trade Planning: It draws stop loss (SL) and take profit (TP) lines directly on the chart, providing a clear visual of your risk-to-reward ratio before you commit to a trade.

Execution Safety: Includes a confirmation popup to prevent accidental entries, along with optional filters like maximum position limits and free margin checks.

Flexible Target Logic: You can set profit targets by percentage or a specific dollar amount. It also supports both hard (server-side) and virtual (stealth) orders.

3. Interface & Controls

• Order Panel: Displays the calculated lot size in real-time with responsive Buy and Sell buttons.
• Close All: A dedicated button to instantly flatten all open positions for the current symbol.
• Optimization: The dashboard is designed to be lightweight, updating only when necessary to keep CPU usage at a minimum.

4. Input Parameters

5. Requirements & Setup

• Tested and optimized primarily for the IC Markets environment.
• Ensure the "Algo Trading" button is toggled ON in your MT5 terminal for the panel to function.
• Once purchased, you can find the tool under the Expert Advisors section in your Navigator window.