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
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
Prop Firm EA 30 - 40 USD
I am looking for an MT5 Expert Advisor specifically designed to help meet common prop-firm evaluation requirements while prioritizing consistency, low drawdown, and strong risk management. The EA should use a robust trend-following and market structure-based strategy with multi-timeframe confirmation, momentum filtering, and optional news filtering to avoid low-quality trades. It must include configurable risk
The bot uses: RSI MA(2/7) crossover for entry signals Price Bollinger Bands as trend filter RSI Bands(34) as confirmation London/NY session filter (M5 only) ATR-based SL/TP Gap bridge between sessions Here's your EA. Here's what it replicates from the Pine Script bot: Strategy logic RSI MA(2) crosses MA(7) for entry signals Price Bollinger Bands(20) as trend filter RSI Bands(34) as confirmation filter ATR-based SL/TP
UltraTrend EA 40+ USD
An Executive Assistant provides comprehensive administrative and operational support to senior leaders, ensuring efficient management of schedules, communications, meetings, and projects. They act as a key point of contact, coordinate business activities, maintain confidentiality, and help executives focus on strategic priorities while supporting organizational effectiveness
I need a simple bot for opening range. Simple Entry / Exit rules, to be able to customize the timeframe, time zone (entry candle) and other normal settings like size, etc
Hello, I am searching profitable, 0/1 rules strategy. Only serious offers please, I am expecting longer co-operation, I am open for your propositions, ideas. Have a nice day! I hope I will find here honest person
Need an Expert Advisor designed specifically for XAUUSD (Gold) , based on liquidity sweep + breakout confirmation logic. Market Focus Instrument: XAUUSD only Optimized for high volatility and intraday expansion behavior typical for Gold. Strategy Concept The EA is based on liquidity sweep of previous day levels followed by market structure shift and continuation in the confirmed direction. Daily Levels Previous Day

Informations sur le projet

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