This tool is designed to calculate position risk based on inputted lot size and stop loss levels. Users can select a point on the chart to set a virtual stop loss, which then calculates both the risk percentage and monetary risk figure for the chosen stop loss and lot size.

In the input section, users can specify whether the calculation is from the ask price (buy positions) or the bid price (sell positions) by selecting buy or sell. The risk is affected by the stop loss distance and the timeframe, as a long stop loss distance on higher timeframes will result in greater risk due to a larger number of points.

This tool is versatile and should function on all types of securities, providing a comprehensive risk analysis for traders.
#MQL5 #MT5 #RiskCalc #TradingTools

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Position sizing based on risk management is crucial for traders. To display your position size directly through a comment on any symbol chart, consider using a function that calculates this based on your specified risk percentage and the Average True Range (ATR) on a daily timeframe. You have the option to calculate this using either your account balance or equity, giving flexibility based on your trading strategy. This approach helps in maintaining consistency and discipline in your trading decisions. Integrating this functionality can enhance your trading platform's utility, allowing for quick adjustments and informed decision-making. Make sure your trading software is capable of executing custom scripts.
#MQL5 #MT5 #RiskManagement #TradingTools

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