Risk Calculator Panel with Draggable Stop Loss and Take Profit Lines
Info
The Risk Calculator Panel with Draggable Stop Loss and Take Profit Lines is a Indicator for MetaTrader 5 that risk calculator panel is a position size calculator for metatrader 5. Instead of typing prices, you drag a Stop Loss line on the chart and the panel immediately shows the correct lot size for the risk you choose.
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 Risk Calculator Panel with Draggable Stop Loss and Take Profit Lines
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
Risk Calculator Panel is a position size calculator 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: Risk Lot Calculator: Calculate Lot Size Based on Risk and Stop Loss - another powerful indicator for MetaTrader 5 traders.
Risk Calculator Panel is a position size calculator for MetaTrader 5. Instead of typing prices, you drag a Stop Loss line on the chart and the panel immediately shows the correct lot size for the risk you choose. It is an indicator, so it never opens, closes or modifies trades.Also recommended: Risk Lot Panel for MT5 - similar indicator with strong performance on MetaTrader 5.
Figure 1. Risk Calculator Panel on EURUSD H1: drag the red SL line and read the lot size
How to use
Attach the indicator to any chart. A red dashed Stop Loss line and a green dashed Take Profit line appear near the current price.
Drag the Stop Loss line to where you want your stop. If it is below price the panel calculates a BUY from the Ask, if it is above price it calculates a SELL from the Bid.
Drag the Take Profit line to see the reward and the reward:risk ratio.
Type a new risk percentage in the box at the top of the panel and press Enter. No need to reopen the inputs.
What the panel shows
Direction
and entry price (Ask for buys, Bid for sells).
Stop loss
distance in points. It turns red if the stop is closer than the broker's minimum stop level.
Risk
- the money you want to risk (percentage of balance, equity or free margin, or a fixed amount).
LOT SIZE
- always rounded down to the symbol's volume step, so you never risk more than you asked for.
Real risk
- the money actually at risk with the rounded lot. If even the minimum lot is too big for your risk, it turns red and a warning is shown.
Reward
and
R:R
from the Take Profit line.
Margin
for the position when the terminal allows the calculation, otherwise your free margin.
The calculation uses the symbol's tick size and tick value, which the terminal already converts into your account currency. This makes it correct for forex majors, crosses, metals, indices and crypto without any manual settings.
Input parameters
Input
Description
InpRiskPercent
risk per trade in percent (default 1.0).
InpRiskBase
calculate the risk from Balance, Equity or Free margin.
InpFixedRisk
fixed risk in account currency; a value above 0 overrides the percentage.
InpSLPoints, InpTPPoints
initial distance of the lines in points (TP 0 hides the TP line).
InpPanelX, InpPanelY, InpFontSize
panel position and size.
InpPanelColor, InpTextColor, InpSLColor, InpTPColor
colors.
The lines keep their position when you change the timeframe. Removing the indicator removes all of its objects from the chart.
You may also like: Margin Call Radar: Account Risk Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#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_plots 0
enum ENUM_RISK_BASE
{
RISK_BASE_BALANCE,
RISK_BASE_EQUITY,
RISK_BASE_FREE_MARGIN.......
⚠ 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.