Measurer of Positions

An on-chart pre-trade planning panel that calculates and displays risk, lot size, and potential outcomes for three ATR-based targets (TP1 / TP2 / TP3) across ten risk-percentage profiles. It shows live spread, point or pip value, total cost (spread + commission + swap), stop-loss exposure, and the resulting dollar and percentage outcomes for each risk level. The panel is drawn entirely with chart objects, remains responsive to window size, and supports both points and pips mode.

Benefits

• Gives a clear, side-by-side view of risk versus reward before a trade is placed.
• Automatically sizes lots from a chosen risk percentage of account balance.
• Accounts for spread, commission, and swap so the displayed profit and loss figures are closer to real outcomes.
• Supports three independent ATR timeframes so targets can be set on different horizons.
• Works on both MT4 and MT5 with the same layout and calculation logic.
• Color-coded rows and separate header colors make the risk table and the three TP blocks easy to scan.
• Adjustable column spacing and font scaling keep the panel readable on different chart sizes.

Limitations

• The panel is static once drawn; it does not place, modify, or manage orders.
• Calculations assume the current bid/ask and ATR values; they do not forecast future volatility or slippage.
• Swap and commission inputs must be entered manually if the broker’s reported values differ from the defaults.
• On very small chart windows the layout can still become tight even with the spacing inputs.
• The indicator removes the price and time scales while it is attached; they return only after the indicator is removed.
• It is a planning tool only. Final risk decisions remain with the trader.