Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation
Info
The Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation is a Expert Advisor for MetaTrader 5 that quantora position size calculator mt5professional risk-based lot size calculator for metatrader 5the quantora position size calculator mt5 is a professional open-source trading utility designed to calculate the appropriate lot size based on account value, risk level, and stop loss distance. The calculator helps traders control risk before entering a trade by converting their selected risk percentage or fixed risk amount into a broker-compatible position size.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Quantora Position Size Calculator MT5Professional Risk-Based Lot Size Calculator for MetaTrader 5The Quantora Position Size Calculator MT5 is a professional open-source trading utility designed to calculate the appropriate lot size based on account value, risk level, and Stop Loss distance.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
Quantora Position Size Calculator MT5Also recommended: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - similar expert with strong performance on MetaTrader 5.
Professional Risk-Based Lot Size Calculator for MetaTrader 5
The Quantora Position Size Calculator MT5 is a professional open-source trading utility designed to calculate the appropriate lot size based on account value, risk level, and Stop Loss distance.
The calculator helps traders control risk before entering a trade by converting their selected risk percentage or fixed risk amount into a broker-compatible position size.
It supports Forex, Gold, Indices, and Crypto CFD symbols and automatically considers tick value, tick size, minimum lot, maximum lot, and volume step information provided by the broker.
Main Features
Risk-Based Position Sizing
Calculates the recommended lot size using:
- Account value
- Risk percentage
- Fixed risk amount
- Stop Loss distance
- Symbol tick value
- Symbol tick size
Flexible Account Base
Choose between:
- Account Balance
- Account Equity
- Custom Account Value
Two Stop Loss Calculation Modes
Calculate Stop Loss distance using:
- Stop Loss in points
- Entry price and Stop Loss price difference
Fixed Risk Money Override
Instead of a percentage, users can directly specify the maximum amount of money they are willing to risk.
Broker-Compatible Lot Calculation
The result is automatically adjusted according to:
- Minimum lot
- Maximum lot
- Volume step
- Symbol trading specifications
Conservative Lot Rounding
The calculated lot size can be rounded down to help prevent the selected risk amount from being exceeded.
Risk and Reward Analysis
The calculator displays:
- Risk amount
- Recommended lot
- Raw calculated lot
- Stop Loss points
- Target points
- Potential reward
- Reward-to-risk ratio
Estimated Margin
Displays the approximate margin required for the calculated position size.
Symbol Selection
Use:
- Current chart symbol
- Custom symbol
Professional Quantora Dashboard
The dashboard displays:
- Calculation status
- Account base value
- Account base type
- Current symbol
- Spread
- Risk percentage
- Risk amount
- Stop Loss distance
- Target distance
- Tick value
- Tick size
- Raw lot size
- Recommended lot size
- Estimated margin
- Potential reward
Dashboard Controls
- Recalculate
- Reset Status
Compatible Markets
- Forex
- Gold — XAUUSD
- Indices
- Crypto CFDs
Advantages
- Professional risk management
- Automatic lot size calculation
- Balance, Equity or custom account value
- Percentage-based or fixed-money risk
- Point or price-based Stop Loss calculation
- Broker minimum and maximum lot compatibility
- Volume-step normalization
- Conservative lot rounding option
- Estimated margin calculation
- Reward-to-risk analysis
- Professional Quantora dashboard
- Low CPU usage
- Open-source code
- Easy future customization
How the Calculation Works
The utility first determines the selected account value and risk amount.
It then calculates the estimated loss of one lot at the specified Stop Loss distance. The selected risk amount is divided by this value to determine the appropriate position size.
The final result is adjusted according to the broker's volume limits and lot step.
Important Information
This utility does not open trades, does not place orders, and does not generate trading signals.
It only provides a position-size calculation based on the selected parameters and the symbol information received from the trading server.
Broker contract specifications may differ. Traders should verify the displayed result before placing any live order.
You may also like: Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
enum ENUM_Q_ACCOUNT_BASE
{
Q_USE_BALANCE = 0,
Q_USE_EQUITY = 1,
Q_CUSTOM_VALUE = 2.......
⚠ 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.