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
Access and confidentiality restrictions: You will receive only a separately named copy of the Commander . Existing trading EAs, presets, account credentials, Telegram credentials and proprietary entry/exit code will not be shared. The Commander intelligence must be developed using: Defined signal/input interfaces Anonymized historical logs and replay data Mock EA signals and test harnesses Documented authority and
Liaqat 32+ USD
Title: Simple XAUUSD Trading Robot for MT5 Specification: 1. Platform: MetaTrader 5 2. Symbol: XAUUSD / Gold 3. Timeframe: M5 or M15 4. Strategy Logic: - BUY Entry: When RSI(14) is below 30 and candle closes green - SELL Entry: When RSI(14) is above 70 and candle closes red 5. Money Management: - Lot Size: 0.01 (user can change in settings) - Stop Loss: 500 points - Take Profit: 1000 points 6. Other
need an EA or indicator done , based on any strategy but with the following specific risk management parameters ; were i am able to do at least 2RR(standard reward-risk ratio for every trade) , fair win rate that is at leat 50% , EA should be able to generate at least 2 trades and above per week , favourable sharpe ratio . total drawdown of not more than 8% any given month and not over 3% any given day , would
Sharbat Khan 100+ USD
Looking for MQL5 Developer to debug my Gold Trading EA. Issues: - Error on compile - SL/TP not working correctly - Need to add Trail Stop feature Send me past work + Price + Delivery Time
📈 Trend direction — EMA 20/50/200 🚀 Breakout entries 📊 RSI confirmation 💪 ADX market-strength filter 📏 ATR-based Stop Loss & Take Profit 💰 Automatic lot sizing based on risk % 🛡️ Daily-loss protection 🛡️ Maximum drawdown protection 🔄 Break-even management 📉 ATR trailing stop ⏰ Trading-session filter 💸 Spread filter 📅 Friday late-trading protection 🔢 Maximum open-position control
Mopati 30+ USD
need an MQL5 trading robot for Forex. It should open and close trades based on my strategy rules. Please include money management, stop loss, take profit, and lot size settings. The EA should be stable, easy to edit, and tested before delivery. I will share the exact entry and exit rules with the developer
I need an MQL5 trading robot for Forex. It should open and close trades based on my strategy rules. Please include money management, stop loss, take profit, and lot size settings. The EA should be stable, easy to edit, and tested before delivery. I will share the exact entry and exit rules with the developer
I need a professional programmer who can code this top tier professional synthetic index EA structure perfectly to my laptop extra perfectly payment after successful job very urgent needed here in Nigeria at onitsha Here is my contact you can message me on my WhatsApp 09121052987/ direct call 09038568050
I want to buy an EA for PROFIT for WIN or WDO that generates consistent profits. It can be scalper, trend, or HFT. I just want something profitable. I will need a backtest and a demo version
Serious buyer looking for a profitable MT5 trading bot. Target: Minimum $20 profit per day, consistent, i need low drawndown Please send demo version with optimal settings + backtest/forward test results

Informations sur le projet

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