Gueta Position Sizer: Risk and Lot Guard HUD
Info
The Gueta Position Sizer: Risk and Lot Guard HUD is a Indicator for MetaTrader 5 that gueta position sizer is a professional, lightweight on-chart risk calculator and minimum lot guard designed for metatrader 5. It dynamically computes the exact position size in lots based on your specified risk percentage and Stop Loss distance, helping traders enforce institutional risk management across Forex, Indices, and Commodities.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Gueta Position Sizer: Risk and Lot Guard HUD
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Gueta Position Sizer is a professional, lightweight on-chart risk calculator and minimum lot guard designed for MetaTrader 5.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Prop Firm Risk Calculator: Position Sizing and Loss Limits - another powerful indicator for MetaTrader 5 traders.
Gueta Position Sizer is a professional, lightweight on-chart risk calculator and minimum lot guard designed for MetaTrader 5. It dynamically computes the exact position size in lots based on your specified risk percentage and Stop Loss distance, helping traders enforce institutional risk management across Forex, Indices, and Commodities.Also recommended: Gold Position Size Calculator (XAUUSD) for MT5 - similar indicator with strong performance on MetaTrader 5.
Core Mathematical Principle
The indicator solves the fundamental position sizing formula in real time:
Position Size (Lots) = (Account Balance Risk %) / (SL Points Tick Value / Tick Size)
All calculated lots are automatically normalized to the broker's exact LOT_STEP , LOT_MIN , and LOT_MAX parameters.
Key Features
Exact Risk Sizing:
Define risk from 0.1% to 5.0% of account balance or equity.
Dynamic Volatility (ATR) Mode:
Automatically adjust Stop Loss to market volatility using Average True Range.
Minimum Lot Guard:
Instantly warns the trader in bold red text if the minimum possible contract (e.g., 0.01 lot) exceeds the target risk budget.
Live Heads-Up Display (HUD):
Shows account balance, risk amount in currency, tick value, required margin, and recommended lot size directly on the chart.
Zero External Dependencies:
Self-contained MQL5 indicator without DLLs or third-party libraries.
Indicator Parameters
Parameter
Default Value
Description
InpRiskPercent
1.0
Target risk as a percentage of account balance (e.g. 1.0 = 1%)
InpStopLossPoints
300
Fixed Stop Loss distance in points (used when ATR mode is false)
InpUseATR
true
Use Average True Range for dynamic volatility-based Stop Loss
InpATRPeriod
14
Period for ATR calculation
InpATRMultiplier
1.5
ATR multiplier for Stop Loss distance
InpCorner
CORNER_LEFT_UPPER
Chart corner to anchor the risk HUD panel
Interpretation & Alerts
The indicator updates on every incoming tick. When the HUD displays NORMAL (GREEN), your position size respects your chosen risk limit. If the account capital is insufficient for the asset's minimum contract size, the HUD turns ALERT (RED) with the exact risk overshoot warning.
You may also like: MSB Pro ALGO Position Risk Monitor for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 1
#property indicator_plots 0
double dummy_calc_buffer[];
input group "=== Configuración de Riesgo de Capital ==="
input double InpRiskPercent = 1.0;.......
⚠ 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.