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Risk Calculator Standard MT4 by PhipsProduktion

Fast, Efficient and Precise.

With the Calculator from PhipsProduction you have your risk under control with just a few clicks. 

Thanks to the easy handling and the visual risk area, the calculator is not only perfect for experienced traders, its also a must for new market participants.

The program is suitable for all Account Currencys and common MetaTrader markets. (except bonds of all kinds)


To the Deluxe Edition:  https://www.mql5.com/en/market/product/82955?source=Site+Profile

Calculator for MT5:  https://www.mql5.com/en/market/product/80535?source=Site+Profile


Application:

1. Check inputs

2. Double click on the price level where you want your stop loss to be

3. Watch the Check-line

4. Arrow-key down -> The check line is reset.

   Arrow-key up -> The order is calculated and set according to the risk specified.

5. Let profits run.


Hot Keys:

Arrow key up: confirm and set order

Arrow key down: Reset Check-line

Arrow key right: switch risk area on/off

F7 key: open Inputs

Hashtag key # : Exit program


Attention:

Befor you start the Calculator, make sure that Algo Trading is allowed!

If something is wrong, the program communicates with you at the top of the chart what to do.


Inputs:

Risk calculation

+Calculation: Type of risk calculation

- amount of money: risk according to specified fixed amount of money

- Percentage: risk as a percentage of the account balance

+amount: fixed amount of money that is risked

+Percentage: Percentage that is risked

+precision: Accuracy of the calculation, more important for smaller accounts (e.g. the calculation shows that 0.017 lots should be traded)

     - cut: the risk may be smaller than specified (0.01 lots are traded in the example)

     - round: the risk may be higher than specified (0.02 lots are traded in the example)

+CheckLine: Color of the Check-line

TradeOptions

+OneTrade: If activated, only one position per market/symbol can be set

+OverRisk: If activated, positions whose stop-loss exceeds their specified risk can still be opened.

 In this case, the smallest possible trading volume is traded.

+RiskArea: Shows the area where the stop loss can be set according to your risk. Outside this range you exceed the specified risk.

(Right arrow key to toggle on/off)

+RiskAreaColor: Color of the risk area

+RiskAreaStyle: Risk area style

Orders

+OrderComment: Comment for the Order

+MagicNumber: MagicNumber for the Order

+OrderDeviation:  Deviation for the Order-Opening (Slippage)



Interested?

Look for the Deluxe Edition, with additional functions such as Precalculation, Margin Check, Take Profit and many other extras.

https://www.mql5.com/en/market/product/82955?source=Site+Profile


If you have any questions, ideas or requests, please feel free to contact me. I am looking forward to your feedback.


Have fun and good trades,

Philipp Wilhelm, PhipsProduction.


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5 (1)
Utilities
This trade copy utility allows you to instantly and seamlessly replicate and synchronize unlimited orders from multiple master accounts to multiple slave accounts on your local machine. You can create custom channels (or portfolios) with advanced filtering capabilities to copy from multiple master accounts to multiple slave accounts. Moreover, you can tailor these channels with a range of lot sizing and trade condition options to ensure that copied trades outperform the original source. You can
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Utilities
Ultimate No Nonsense FX Backtester - You can Run Forward Test Simulation with this tool! Do Not Download the Demo Here, Please Read Below! Step by Step Manual Guide PDF for this backtester PDF List of Commands(Shortcuts) for this backtester Ultimate NNFX Backtester is a powerful utility tool that significantly reduces the length of backtesting process for NNFX followers.  As well as for Forex traders that operates their entries and exits at the close of a candle and manage the risk using A
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Trinh Dat
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Utilities
The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrade
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Utilities
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Version 1.1 2022.06.20
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