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Simple EA for Risk Management

MQL4 Experts

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hello,

please i will like a simple risk management ea for mt4.mt5. see attached instructions

  1. Draw rectangle on chart using the tool


2 )to buy or sell,  the EA calculates the distance between the top and bottom of candle to use to establish entry and stop loss ( plus an option in parameters to add +2 pips ( or any other number of pips) for position sizing.


3) then in the parameters, if we are risking 1%, it will take the info from step 2 to calculate risk/position size.


4 ) then there will be 4 buttons on the chart: BUY / SELL. BUY LIMIT/SELL LIMIT

Buttons styled nicely (coloured, rounded edges, big enough to click).



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