Lot calculator tool

This tool helps you to automatically calculate and manage risk, conveniently place orders visually, schedule orders, trail stops, move them to break-even, manually test strategies and more.

Features

• Place market or pending orders using draggable lines
• Schedule orders
• Calculate and limit risk using various methods
• See current spread
• See time till next candle
• Set custom order comments
• Trail stops
• Move stops to break-even
• See order profit/loss in pips
• Various actions for closing orders
• Control the tool using hotkeys
• Toggle trade levels
• Manually test strategies using this tool tester mode with controllable speed

Settings

• Risk settings
• Preferred percentage risk per trade - tool will calculate lot size to match this risk percentage
• Lot calculation mode - possible modes: current balance / current equity / balance at defined past / fixed lot size
• Defined past period - possible periods: day / week / month
• Past period multiplier - the bigger, the further to the past
• Lot size for fixed mode
• Split risk for multiple targets
• Orders settings
• Magic number
• Maximum allowed slippage
• Order comment - limited to 31 characters. Possible wildcards: [currency], [balance], [equity], [risk_percentage], [risk_reward], [risk_money], [risk_pips], [profit_money], [profit_pips], [lots]
• Allow to change default order comment - adds an input to UI
• Log order send events
• Allow setting an expire date for orders
• Allow scheduling orders
• Virtual levels settings
• Scheduled order price label size
• Break-even settings
• Move stops to break-even at certain level
• Break-even mode - possible modes: when in profit by given pips, if away from target by given pips, if given percentage of target reached
• Break-even activation pips / % - depends on chosen mode
• Move to break-even by given pips above entry line
• Stop trailing settings
• Trail stops
• Trail only after stops have been move to break even, if be used
• Trailing stop mode - possible modes: fixed pips, ATR, moving average
• Trailing stop fixed pips
• Trailing stop ATR period
• Trailing stop ATR shift
• Trailing stop distance multiplier - does not apply to MA mode, but useful for setting 2 ATR distance
• Trailing stop MA mode, applied price, period, shift
• Prevent stops trialing until specified pips of profit reached
• Pips of profit to reach before trailing stops - if above enabled
• Prevent stops trailing until specified percentage of target reached
• Percentage of target to reach before trailing stops - if above enabled
• Order limiter settings
• Limit trades if lost to many trades in a row per day
• Limit trades if too big % of account has been lost per day
• Limit trades if too big % of account has been lost per week
• Limit trades if too much will be at risk at the moment
• Daily loss in a row limit
• Daily account loss % limit
• Weekly account loss % limit
• Total risk of equity % limit
• Lines settings
• Automatically choose initial lines placement (sell / buy) - uses price and moving average to decide
• Manual default start position for lines - if above disabled
• Initial distance from current price mode - possible modes: fixed pips, ATR
• Initial distance parameter (ATR period / pips)
• Line size, style
• Use target line
• Display "Add target" button
• Prevent from moving stops too far, thus exceeding defined risk
• Display monetary amounts on lines
• Display balance percentages on lines
• Display scheduled order lines
• Scheduled order line style
• Other features
• Display lines flipper button
• Display "Follow price" button
• Show "Close all/pending/opened" buttons
• Show "Close in profit/loss" buttons
• Display only one order button
• Display current spread
• Display time till next candle
• Display Ask/Bid line by default
• Display order profit in pips
• Display order close button
• Screenshots
• Color settings
• Color for lines, buttons, inputs and other UI elements
• Hotkeys settings
• Enable hotkeys
• Show lines hotkey
• Hide lines
• Toggle trade levels
• Tester settings
• Initial tester speed
• UI settings
• Chart corner
• UI on top
• Compact mode

Important: if order limiters are used, make sure that your Account history tab is not filtered and displays all of the history.

Important: do not have more than one EA enabled for the same symbol with scheduled orders enabled. This might cause more than one order being sent to broker!