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Lot Size Risk Manager

Why do you need this script?

If you place lots of orders and re-calculate your risk for every order you placed, you definitely need such a script.

This script places one or (optional) two different orders with the following script inputs.


Utility parameters

  • Operation Type - "Buy","Sell","Buylimit","Selllimit","Buystop","Sellstop"
  • Price - Entry price of the order(s).
  • Stop Loss - Stop Loss of the order(s).
  • Take Profit 1 - Take Profit of the first order.
  • Take Profit 2 - Take Profit of the second order. (optional)
  • Risk Ratio % - Places new order(s) according to this Risk Ratio (%) of Free Margin
  • Comment - this comment will be displayed on the orders of the Trade window.


Calculation Example

Assume we need to open an order NZDJPY

  • Price: 81.720
  • Stop Loss: 80.900
  • Risk pips: 81.720 - 80.900 = 820 pips. (x)
  • Free Margin: 1280 $
  • Risk Ratio %: %2
  • Risk Amount: 1280 $ * %2 = 25.6 $ (y)
  • Ask (USDJPY): 113.672 (z)

Lot = (y * z) / ( x * contract size(NZDJPY) )

If Only Take Profit 1 is determined lot value is equal to above calculated Lot.

If Take Profit 1 & Take Profit 2 are determined 2 positions are placed with Lot / 2 and have the same Stop Loss values.

It is totally free, no time, no lot, no parity etc. limitations.

Please report any bug issue or free development request (volkanyurci@gmail.com) upon your needs.

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The indicator of correlation and divergence of currency pairs - all pairs on a single price chart. It displays all pairs opened in the terminal. MT5 version Advantages The traders who use multi-currency trading strategies can observe the price movement of the selected pairs on one price chart in order to compare the parameters of their movement.  This is an advanced and extended version of the OverLay Chart indicator It is a quite efficient assistant for multi-currency trading - "pair trading"
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If you need to follow more than 1 open position , you would ike to use this simple TrailingStop EA. Input 1 You have 4 options to set the TrailingStop , Follow the positions of the graph's symbol. Follow a position that has a given ticket number. Follow the positions that has a given Magic number. Follow All the positions. Input 2 Ticket Number ( if 2nd option is selected as input 1) Input 3 Magic Number ( if 3rd option is selected as input 1) Input 4 Trailing Stop amount in Pips  Input 5
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Jessy
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Jessy 2019.08.08 23:16 
 

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jagorz
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jagorz 2018.01.22 16:51 
 

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Version 1.6 2019.08.13
New Risk Ratios ( %0.10 , %0.15 , ... , %0.95 ) are added to scroll drop down selection.
Stop and TakeProfits can also be given in terms of Pips.
Version 1.5 2018.03.06
New input field "Comment" is added. Your Comment will be displayed on the orders of the Trade window.
Version 1.4 2017.04.13
Descriptions of input's are more understandable.
Risk %Ratio Input can be chosen from a drop down list.
Operation Type can be chosen from a drop down list.
Confirm screen is inserted just before executing the order.
Risk Amount is displayed on confirm screen in terms of trading currency.
Messages and Input values are formatted in Alerts and Message box.