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.
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The Expert Advisor (EA) focuses on several core trading and technical principles designed for effective trade replication across multiple accounts and brokers. The trade copying or mirror trading concept is central, enabling fund managers or traders to replicate trading activities from a master account to multiple slave accounts. This system facilitates risk distribution and strategy execution across various brokerage platforms.

At its core, this solution operates within a two-tier architectural setup: the master account, which serves as the source, and the slave accounts, which replicate the positions. Communication between these accounts is executed through a binary file system, allowing for faster and more efficient data transfer than conventional text files.

Position management within the EA is executed in real-time, ensuring open positions, stop...
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The CloseAllOrdersEA functionality in MetaTrader 4 provides several efficient benefits for traders. When facing unexpected market dynamics, it offers an emergency closure option. This feature allows the user to swiftly exit all open and pending positions, efficiently minimizing potential financial setbacks. In terms of risk management, it serves as a vital tool that clients can employ to instantly clear their trading book upon detecting any critical market condition changes, freeing them from the burden of open positions.

In high-volatility markets or with substantial trade volumes, this EA enhances time efficiency by automating the closure of orders, avoiding the need for manual processes. Automated order closure also supports avoiding the pitfalls of emotional decision-making, ensuring actions adhere strictly to pre-established trading rules, free from pa...
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Risk management is foundational in automated trading. It regulates open positions by controlling losses according to predefined limits such as daily or weekly constraints. The system also calculates appropriate lot sizes for each trade, optimizing strategy performance and safeguarding capital.

Automated trading demands rigorous risk management to prevent costly mistakes such as overtrading. It establishes strict boundaries, maintaining strategic operation and protecting funds, particularly vital during funding challenges. With precise lot calculations and loss limits, risk management provides structured operation for consistent trading.

Core concepts include maximum loss constraints on different timescales and acceptable loss per trade. These metrics inform decisions for trade execution, ensuring risks are controlled and profitability is optimized....

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