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
844
73%
Arbitrage
15
53% / 13%
En retard
193
23%
Travail
Commandes similaires
Hello, I am interested in working . I have several strategies that I want to automate. However, I need a developer beforehand to explain the strategies and discuss the next steps
Title: MT4 One Click Trader EA (Custom Development) I am looking for an experienced MQL4 developer to build a custom One Click Trader Expert Advisor for MetaTrader 4. The objective is a fast, reliable, execution-focused trading panel with minimal visual clutter and robust operation on both standard and offline charts. Requirements Trade Panel The EA must provide a simple trading panel containing: Buy button Sell
Project Name EliavTrade – Supply & Demand Prop Firm Trading System Executive Summary EliavTrade is an MT5 Expert Advisor designed to trade funded accounts and personal retail accounts using a rule-based Supply and Demand methodology combined with institutional risk management. The EA's primary objective is capital preservation and consistent account growth rather than aggressive returns. The system must be capable
Description: I am looking for a highly experienced MT5 developer to build a manual‑execution Expert Advisor called Chain Flow . This project is not suitable for beginners , indicator‑only developers, or anyone who has not previously built complex object‑based systems. The EA relies heavily on chart objects , state machines , and clean UI panel logic . Project Overview (High‑Level): Chain Flow is a manual execution EA
I'm after a solid, ready-to-use indicator (already built — not looking to commission from scratch) with the following: Clear BUY / SELL signals — clean and easy to read on the chart Around 75% accuracy (backtested / proven results preferred) Clear labeling directly on the chart for every signal Built-in Stop Loss levels Smart Take Profit targets (multiple TPs ideal) Fast-reacting — picks up moves quickly without
Hello, I am interested in working . I have several strategies that I want to automate. However, I need a developer beforehand to explain the strategies and discuss the next steps
Read signal and enter trade and close trade at good profits and open trade again. Either bullish or bearish signals at 0.1 on XAUUSD. Maximum trade a day should be 4-5 times with good opens and close signals. Looking foward to a long cooperation and also a honest and genuine person
Strategy Overview: I am looking for a professional MQL5 developer to create an Expert Advisor named "AURAE". The EA is based on a hybrid strategy that combines trend momentum analysis with volatility filters to identify high-probability entry points. Core Requirements: Logic: The EA should analyze trend direction using Moving Averages and confirm momentum using RSI. Entry Rules: * Buy: When the price closes above
AlphaGreen 150 - 200 USD
Hello, I need a professional MT5 Expert Advisor (EA) developed for a custom indicator-based strategy. Strategy Logic: Determine the trend direction: Uptrend = Buy opportunities only. Downtrend = Sell opportunities only. Entry Conditions: The indicator has 4 lines: 2 Green lines, 1 Red line, and 1 Blue line. Open a Buy trade when both Green lines move inside/between the Red and Blue lines during an uptrend. Open a
Robot trading 30+ USD
A trading robot that operates with a balance of $20 to $50, with a loss of $5 and a profit of $10, and a maximum of three trades per day

Informations sur le projet

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