Risk and Lot size Calculator (RLCalculator) indicator for MT4

Hello,

I'd like to share my indicator with you. I'm using it on FxPro (6 digit broker). Feel free to modify it's code, it's quite easy to understand imho. Leave a comment about your opinions, ideas. Thanks!

On the picture you can see 2 horizontal lines, one red and a green line. Red line is moving stoploss, the green one is the target price. 'Current price line' can be moved too, but it is following the current price by default, so you can do calculations any time.

More info and download URL:
ocsovszki-dorian.blogspot.hu/2012/05/forex-risk-and-lot-size-calculator.html

Thank you for sharing. It's an interesting indicator. I will study it. :-)

Thanks for the indicator. It really helps me managing my account.
But I am getting weird result only on Aud/jpy. My brokers is XM.

Version 2

https://ocsovszki-dorian.blogspot.co.uk/2014/01/risk-and-lot-size-calculator-version-2.html

ronycoolboy: Yup version 1 had lots of problems. You have to tune this indicator to fit to your broker settings. Especially with Cross currencies.

Sorry for the late reply. :P


Best,

G.

how is risk calculated for this EA?

https://www.myfxbook.com/members/bigbangea/bigbang-e/862223

I have no clue. RLCalc is an indicator. I have nothing to do with that bigbang EA what you linked in. :)

New version is available: https://ocsovszki-dorian.blogspot.co.uk/2015/06/risk-and-lot-size-calculator-v32-rlcv32.html

can you code indicator to Calculation P/L by comments ?

I don't understand your request mate. Try to explain it a bit more.

Great EA and indicator, could you add the option ordersend to take stop loss, like the take profit (true/false) in the EA, i would like to keep my stop loss hidden,

Thank you

Good indicator...thanks for sharing...

it seems good, i can not download the code in china

For you guys who are interested in risk management calculation for cTrader. Lots and volume to trade 1.0 cBot is free to download and use. https://rmmrobot.com/rmm-robot-main-dropdown/download-lots-to-trade-cbot.html

I can't download it, is it available in other link?

Daniel, if you are referring to the link above for the cTrader cBot you can just visit RMMRobot.com and you can download. No registration is necessary and it can be run on both live and demo accounts without restrictions.

Blog not found , can reuploud this file ?

KL Effortless Risk Manager – the tool for traders for whom capital preservation is a top priority (MT4/MT5).

Let me present my new revolutionary method of sending orders according to what you see on chart, which is in full accordance with Risk Management. Initially, you need only enter risk amount of Account Balance in expert panel, this value is kept even after platform restart.
 Sending orders without human errors, using an appropriate currency pair, without gambling a lot size and with SL and TP set on chart according your technical analysis and methodology - all these are made in four mouse clicks and in a matter of seconds. The expert automatically knows what type of order you want to send. All six kinds of orders – market and pending - are supported.

https://www.klore-fx.eu/ERM_Pro.php

4X Lab is advanced visual order manager that do not occupy chart like many trading panels, and its short order lines don’t overlap your chart and your technical analysis. Lines also show important information about current trade. 4X Lab works with every instrument symbol and on every chart type.

 4X Lab allows you control reckless signal provider or other EA especially if your signal provider or EA doesn’t use SL and TP. You can control orders by trailing stop, break even, partial or hidden SL (if 100%), partial or hidden TP (if 100%). You can also control orders by common levels of SL or TP, partially too, and much more. All very easy, effortlessly and intuitively.

https://www.klore-fx.eu/4XLab.php

Current not published version of ERM