Check Margin
Info
The Check Margin is a Script for MetaTrader 5 that this script calculates required margin to open a trade by examining specified volume. It also calculates maximum amount of lots that can be traded for given symbol.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Check Margin
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
This script calculates required margin to open a trade by examining specified volume.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Lot Check - another powerful script for MetaTrader 5 traders.
This script calculates required margin to open a trade by examining specified volume.
It also calculates maximum amount of lots that can be traded for given symbol.
Also recommended: Symbol Info example script Enhancement with margin and leverage data - similar script with strong performance on MetaTrader 5.
PARAMETERSSymbol Name:
select symbol for calculation. if it is not specified script takes chart symbol as default.
Volume:
specify lots for required margin calculation.
Order Type:
determine order type. results can be changed even a little because of spread.
Example: CADJPY with default parameters
You may also like: Max trade volume checker for your trading account (Script version) - excellent alternative for script users on MetaTrader 5.
⚠ 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.