Risk percentage lot size calculation

MQL5 Experts

Tâche terminée

Temps d'exécution 1 jour
Commentaires du client
Great Developer! Code works like a charm and was delivered very quickly with useful complementary information!
Commentaires de l'employé
Excellent customer. Wishing you success in learning MQL.

Spécifications

Hi All,

I would like to add to an existing and working MQL5 EA the ability to calculate the lot size based on a risk percentage. Or in other words how many percent of the account I'm willing to lose for each deal.

Here are some key elements of my EA setup:

The base currency is EUR

Trading pair is EURJPY

Leverage is 1/100

SL is fixed at 50 pips

Target risk percentage per deal should be a variable set by default on 5%  

 

The below formula seem to be the one needed to achieve my lot size calculation but I'm not sure. 

Lot Size = Amount Risked / Number of Pips x Pip Value 

 

I tried the created the code myself and here is where I stopped: 

Basically I need help to compete the "//Calculating Lot Size based on SL and Risk Percentage" part of the code. 

 

Let me know if you have any questions.  

 

Different Variables for the lot size calculation: 

input int      StopLoss=50;               // Stop Loss
input double   RiskPercentage=5;          // Lots to Trade

int STP, TKP; 
double LotSize;
double Pips;



//--- Let us handle currency pairs with 5 or 3 digit prices instead of 4
   STP = StopLoss;
   TKP = TakeProfit;
   if(_Digits==5 || _Digits==3)
     {
      STP = STP*10;
      TKP = TKP*10;
     }
   return(0);
  }

 My Buying Script

if(Buy_Condition_1 && Buy_Condition_2)
     {
         // any opened position?
         if((Buy_opened)||(Sell_opened))
           {
            //Alert("We already have an open Position. Oportuinity passed.");
            return;    // Don't open a new Buy Position
           }
           
         // Calculating Lot size based on SL and Risk Percentage
         
         MqlTick latest_price;
         SymbolInfoTick(_Symbol,latest_price);
         
         Pips = (latest_price.bid - STP)/_Point;          
         
         double AccountBalance = AccountInfoDouble(ACCOUNT_BALANCE);
         double TickValue = SymbolInfoDouble(_Symbol,SYMBOL_TRADE_TICK_VALUE);
         LotSize = (AccountBalance * (RiskPercentage/100))/(Pips * TickValue);  
         
         Print("Pips ", Pips, " Acc Bal: ", AccountBalance," Tick Val ", TickValue," Lot Size ", LotSize);      
         
         //Executing the Trade 
         ZeroMemory(mrequest);
         mrequest.action = TRADE_ACTION_DEAL;                                    // immediate order execution
         mrequest.price = NormalizeDouble(latest_price.ask,_Digits);             // latest ask price
         mrequest.sl = NormalizeDouble(latest_price.ask - STP*_Point,_Digits);   // Stop Loss
         mrequest.tp = NormalizeDouble(latest_price.ask + TKP*_Point,_Digits);   // Take Profit
         mrequest.symbol = _Symbol;                                              // currency pair
         mrequest.volume = LotSize;                                                  // number of lots to trade
         mrequest.magic = EA_Magic;                                              // Order Magic Number
         mrequest.type = ORDER_TYPE_BUY;                                         // Buy Order
         mrequest.type_filling = ORDER_FILLING_FOK;                              // Order execution type
         mrequest.deviation=100;                                                 // Deviation from current price
         //--- send order
         OrderSend(mrequest,mresult);
         // get the result code
         if(mresult.retcode==10009 || mresult.retcode==10008) //Request is completed or order placed
           {
            Alert("A Buy order has been successfully placed with Ticket#:",mresult.order,"!!");
            SendNotification("BBWP added a new Buy order!");
           }
         else
           {
            Alert("The Buy order request could not be completed -error:",GetLastError());
            ResetLastError();           
            return;
           }
        
     }

 

 

Répondu

1
Développeur 1
Évaluation
(182)
Projets
342
42%
Arbitrage
118
12% / 73%
En retard
104
30%
Gratuit
Publié : 4 codes
2
Développeur 2
Évaluation
(564)
Projets
845
73%
Arbitrage
15
53% / 13%
En retard
193
23%
Gratuit
Commandes similaires
Hello I need an EA for MT4 The EA uses only indicator, which shows a buy arrow for buy signal , and a sell arrow for sell signal. Conditions to open a trade: Open BUY trade, when we have a buy arrow show up, CANDLE CLOSES , AND THE ARROW IS STILL THERE .Then open BUY TRADE Open SELL trade, when we have a sell arrow show up, CANDLE CLOSES , AND THE ARROW IS THIS THERE .Then open BUY TRADE Open Close on opposite
​ Indicators: Fast MA (Period 10, Exponential) and Slow MA (Period 50, Exponential). ​ Buy Signal: When Fast MA crosses above Slow MA. ​ Sell Signal: When Fast MA crosses below Slow MA. ​ Risk Management & Parameters: ​Customizable Lot Size (Default: 0.01). ​Stop Loss (SL) and Take Profit (TP) in pips. ​Trailing Stop options. ​Max Spread filter. ​ Platform: MetaTrader 5 (MQL5)
​ Indicators: Fast MA (Period 10, Exponential) and Slow MA (Period 50, Exponential). ​ Buy Signal: When Fast MA crosses above Slow MA. ​ Sell Signal: When Fast MA crosses below Slow MA. ​ Risk Management & Parameters: ​Customizable Lot Size (Default: 0.01). ​Stop Loss (SL) and Take Profit (TP) in pips. ​Trailing Stop options. ​Max Spread filter. ​ Platform: MetaTrader 5 (MQL5)
A robot 30+ USD
Je souhaite trouver un développeur pour réaliser ce travail et effectuer les paiements via cette application. Je m'engage à ne communiquer avec les candidats que par cette application, y compris par messageries tierces, correspondance personnelle ou courriel. Je comprends que toute personne ne respectant pas ces conditions sera interdite de publier des commandes sur la plateforme Freelance
I am looking for an experienced MQL5/MT5 developer to develop a custom Expert Advisor based on a complete technical architecture already prepared by the client. This is not a request to design a trading strategy from scratch . The strategy architecture, entry/exit concepts, filters, risk-management requirements and testing requirements are already documented. The main responsibility will be MQL5 development
EAs 100+ USD
To apply, you must already have your EA running on an active MT5 trading account connected to the market. The account must have genuine trading history that can be independently reviewed and verified. EA Requirements 1. Prop-Firm Compatible Risk Management - The EA must include daily and overall drawdown protection. - Required inputs: "MaxDailyLoss = 5%" "MaxTotalDrawdown = 10%" - Once either limit is
Strategy 40 - 60 USD
yo i have a strategy i would really like to turn into a signal bot basically please this is very technical and serious to me the strategy needs more time 1 time frame and the bot most be 100% accurate
Ready to use bot 100+ USD
seller must provide the following to be considered... i will answer to all who fit this description, and can purchase more than 1 EA... - brief strategy description - overall EA expectancy - 1 week limited trial version, with whatever settings you consider best (can be blocked on demo, i don't really care) - investor password from a reputable broker (if history is available... live / demo, same thing, doesn't really
I want you to develop a professional HFT trading robot for MT5/MQL5 , initially focused on XAUUSD . The robot should be designed for high-speed tick-level trading , analyzing real-time bid/ask movement, spread, tick velocity, momentum, volatility, price acceleration and short-term market microstructure to identify very short-term opportunities. The core strategy should be capable of opening 5–10+ positions in a
can you help me use a Tickblaze Algo NRBO on the NT platform? I have it somewhat set up, but I have other questions about running it & knowing how to operate it in NT. Thank you if anyone have experience in this kindly bib and let do it asap

Informations sur le projet

Budget
10 - 20 USD
Délais
de 1 à 2 jour(s)