Download ALL MT4 librarys (97)
Similar MetaTrader Tools
MT4 Experts
MT4 Indicators
MT5 Experts
MT5 Indicators
Lot-SL propotion
Info
The Lot-SL propotion is a Library for MetaTrader 4 that the function returns the lot size, which is calculated based on the stop loss size and the risk specified in the variable. That is, if the risk is set to 2%, and the SL is set to 40 points, the lot will be calculated in such a way, that if the price reaches the SL, then 2% of the deposit would be lost.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Lot-SL propotion
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
The function returns the lot size, which is calculated based on the stop loss size and the risk specified in the variable.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: Send Advanced Email - another powerful library for MetaTrader 4 traders.
The function returns the lot size, which is calculated based on the stop loss size and the risk specified in the variable. That is, if the risk is set to 2%, and the SL is set to 40 points, the lot will be calculated in such a way, that if the price reaches the SL, then 2% of the deposit would be lost.
Also recommended: SH A256, SH A384 and SH A512 + HM A C - similar library with strong performance on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.