risk calculator
Info
The risk calculator is a Script for MetaTrader 5 that calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods and publishes it in the journal in the experts tab of toolbox.
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 risk calculator
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
calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods and publishes it in the journal in the experts tab of toolbox.
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: Risk of Ruin Auditor for Trading Strategies - another powerful script for MetaTrader 5 traders.
calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods and publishes it in the journal in the experts tab of toolbox.
Also recommended: Position Size Calculator for Risk-Based Lot Sizing - similar script with strong performance on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property script_show_inputs
input double vlo=0.01; // Trade Volume
input uchar dgv=2; // Volume Digits
input double spd=0.0005, // Average Spread
unc=1/(double)3, // Uncertainty
max=20; // Recommended Risk.......
⚠ 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.