volume calculator based on risk to reward
Info
The volume calculator based on risk to reward is a Expert Advisor for MetaTrader 5 that this simple ea can calculate each trade volume base on received tp and sl prices and risk percent of account in each trade.
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 volume calculator based on risk to reward
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
this simple ea can calculate each trade volume base on received tp and sl prices and risk percent of account in each trade.
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 Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation - another powerful expert for MetaTrader 5 traders.
Also recommended: Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator - similar expert with strong performance on MetaTrader 5.
this simple ea can calculate each trade volume base on received tp and sl prices and risk percent of account in each trade.Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
input double StopLossPrice; //Set Stop Loss Price
input double TakeProfitPrice; // Set Take Profit Price
input double MaxLossPercent=5; // Set Maximum Percent of your count that you can endure to loss per each trade (Default = 1)
input bool Buy=true; // Set True if possitin is Long, and False if possition is short
double MaxLossValue = AccountInfoDouble(ACCOUNT_BALANCE)*(MaxLossPercent/100); // Max amount of money you may lose in this trade
double pipValue; //each pip value in this trade
double AllowedVolume; //Sauggested Volume for this trade.......
⚠ 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.