MetaTrader 5
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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 for forex pairs. For CDF/Commodities/ Indices/ stocks, enter the stoploss as required (pips=points). The script also enforces broker minimum and maximum lot size limits.
An alert displays the calculated lot size, risk amount, estimated loss amount, converted stop loss for forex pairs, tick size and tick value of the asset.
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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
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