SL Line Lot Calculator

SL Line Lot Calculator answers one question before every trade: what lot size risks exactly the amount I chose? Drag the red SL line on the chart and the panel shows the lot immediately. An optional green TP line shows the reward and the reward-to-risk ratio.

How it works

1. Attach the indicator. A SL line and a TP line appear around the current price.
2. Drag the SL line to your stop. Below the price means a BUY setup, above the price means a SELL setup.
3. Read the lot size, the real money at risk after rounding, the reward at TP, the R:R and the margin needed.

Features

• Risk as a percentage of balance, a percentage of equity, or a fixed amount of money
• Uses the broker's tick value for losses and profits, so it works on forex, gold, indices and CFDs
• Lot rounded down to the broker's volume step and limited to minimum and maximum lot
• Clear warning when even the minimum lot is above your risk, with the money the minimum lot would risk
• Margin required for the calculated lot
• "Reset lines" button to put the lines back around the current price

Notes

• Calculator only: the indicator never opens, modifies or closes orders.
• Works on any symbol and timeframe.
• Inputs: risk mode and value, initial SL distance in points, initial TP as a multiple of the SL (0 = no TP line), panel side, font size and colours.

Want to place the order with this lot in one click, with SL, TP and break-even handled for you? See Risk Pilot Panel from the same author. To check spread, freeze level and the value of a point first, use the free Symbol Spec Inspector.