METATRADER4 (MT4) INDICATORS
EXPERT ADVISORS (EA)
POSITION SIZE CALCULATOR
Calculates the position size in lots using given entry/stop-loss levels, risk tolerance and the current market data, such as account size and currency, and the price of the quote currency of the traded pair relatively to the account currency. The result is displayed as a text label in the main chart window. A trader can adjust many parameters, both for calculation and for display.
Obviously, this indicator isn't usable for trading signals generation. Its purpose is to help Forex traders calculate the position size for their allowed risk size and the given position parameters. This indicator needs both EntryLevel and StopLossParameters set to some non-zero values.
These values also have to be different. Then you can drag the entry/stop-loss lines up and down directly on the chart. Position size value is recalculated every tick and on every line move (MT5 only).