A tool has been developed to calculate lot size based on risk percentage and stop-loss level. Users can set a virtual stop loss by clicking on the chart, which will calculate the lot size corresponding to the applied risk percentage. In the input section, users need to specify whether the calculation should be for a buy or sell position, determining if the risk is calculated from the ask or bid price. Longer stop-loss distances on higher timeframes carry more risk due to the larger scale of price points. This tool functions with all types of securities and directly calculates the lot size from the risk percentage and stop-loss distance. Note, it does not account for the maximum tradeable lots allowed by account size and leverage. For that, use the max trade volume script.
#MQL5 #MT5 #LotSize #RiskMgmt

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