Have you ever ever needed an automatic technique to calculate lot sizes on MT4?
In that case, you are in luck…
Hello, that is Jordan from Mql4trader.com, and I’ve lately determined to share one in every of my most prized buying and selling possessions. For years, I struggled to calculate lot sizes whereas buying and selling on the 1-minute time-frame on MT4. With ticks shifting so shortly, it was nearly inconceivable to calculate the proper lot dimension for my desired danger.
Everyone knows that with out correct danger administration, we’d as effectively rely out buying and selling success in the long run.
So I believed to myself, “Might there be a technique to code an computerized lot-size calculator that wanted no guide inputs and will calculate based mostly on one thing I moved round on the chart?”
Then it hit me…
I’m largely a Fibonacci-based dealer, and lots of merchants have by no means even touched their dusty previous Fibonacci Retracement software in MT4. However I noticed that that is the one software I might flip into an computerized lot-size calculator.
I noticed I might merely draw the software and have my EA use the beginning level of the Fib software—together with the present tick value—to calculate the proper lot dimension based mostly on my predefined danger proportion. And better of all, you don’t even want to make use of Fibonacci or perceive it! You simply want to make use of the software as a reference level for calculating lot dimension.
So, if I needed to make use of 2.5% danger, I’d enter that into my EA settings. Then, if I drew the Fib software upward, it could routinely calculate the lot dimension for a purchase commerce—and if I drew it downward, it could routinely calculate the lot dimension for a promote commerce!
This has completely reworked my buying and selling. No extra calculating tons manually. Now, all my lot sizes are recalculated exactly on each tick, guaranteeing that I by no means exceed my predetermined danger proportion.
I even added an non-obligatory button to routinely shut trades once they attain a sure revenue proportion. That is extraordinarily useful in case you all the time intention for a selected reward-to-risk ratio. For instance, if my danger is all the time 2.5% and I need my revenue to all the time be 5%, the EA will routinely calculate and shut my commerce when that revenue goal is hit. You may set your danger and revenue percentages to no matter you need and select whether or not to make use of the InProfitExits characteristic.
I’ve made a easy video to point out all of the options right here:
That is actually the one software that each dealer wants, BUT DON’T TAKE MY WORD FOR IT! Attempt it out your self.
Obtain my “FREE Straightforward Lot Dimension Calculator for MT4” to check out, right here: https://www.mql4trader.com/expert-advisors/lotsize-calculator/AutoLots-One-ClickTradingtrial.ex4
In MT4, click on File-> Open Information Folder-> MQL4-> Specialists then paste AutoLots-One-ClickTradingtrial.ex4 inside. Subsequent, restart MT4.
Now you can connect the Lot Dimension Calculator to any chart by discovering it inside MT4s navigator panel underneath knowledgeable advisors.
Merely draw your Fibonacci retracement software to start calculating.Â
Or get your full model right here:Â https://www.mql5.com/en/market/product/142902
