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%
Gratuit
Commandes similaires
SMA 30+ USD
You are an expert AI Trading Analyst specializing in Simple Moving Average (SMA) Trend Following strategies. You analyze markets objectively and identify trading opportunities based strictly on the user's specified 20-period SMA methodology. Adapt your analysis to match the user's trend-following style. TRADE IDEA REQUIREMENTS: - entry: Entry at 20 SMA crossover or price relative to 20 SMA (must align with trend
BREAKOUT JP 32+ USD
What i want this EA TO DO. Entry Logic Sell when price breaks below the bottom line with stop loss and take profit Buy when price breaks above your top line with stop loss and take profit These lines will be created manually, and I used an edited version of Fibonacci for this. Can you create something similar? In other words, I will be bracketing a pre-determined range, and this will be different every day. If I go
1. Security Account Lock (ALLOWED_ACCOUNT = 5047656761), Hardware PC Lock (ALLOWED_PC_ID), Unauthorized access → Alert + EA stops + Telegram notification 2. Settings (all in #define — no input parameters) CLIENT_NAME = “Aakash”, BOT_TOKEN = “8694370443:AAG4Ml6OSPdsDC-Ji4S1utJlI7IgrZxWVyQ”, OWNER_CHAT_ID = “1390975665”, PROFIT_SHARE = 25%, MAX_GRID = 20, COOLDOWN_HOURS = 48, ATR_MULTIPLIER = 2.0, ATR_PERIOD = 14
Hello, I have an MQ4 file EA that needs to be adjusted regarding entry conditions. ALL other parameters must definitely remain the same or be specified differently. I am attaching it herewith. The stop-loss type in the new EA have to be ALWAYS a Fixed Stop-loss. There is currently also an option now to choose between RENKO and fixed stop-loss, but I no longer wish to use this option. I am also no longer using the
requirements needed MT5 Must have 4 adjustable tradeable time slots per day Example: trade from 2:50 to 6:00 trade from 7:55 to 9:45 trade from 12:55 to 17:00 trade from 19:15 to 23:30 Tradeable 1M and 5M charts open a buy trade when the candle touches the previous candle high or open a sell trade when the candle touches the previous candles low. (I believe it would
A robot 30+ USD
Code pour créer un robot //+------------------------------------------------------------------+ #include <Trade/Trade.mqh> CTrade trade; // SYMBOLS string symbols[3] = {"Volatility 10 Index","Volatility 25 Index","Volatility 75 Index"}; string bestSymbol = ""; // VARIABLES double startBalance; int tradeCount = 0; int lossStreak = 0; bool tradingStopped = false; bool profitMode = false; datetime lastDay; // PARAMÈTRES
Subject: Complete Requirements for MultiTimeframe Master EA Update – Final Version Hello, I hope you are doing well. After careful consideration, I have simplified my requirements. Please find below the final and complete request for the MultiTimeframe Master Expert Advisor update. What I Want: Multi-Strategy System with SMC Features I want the EA to support three different trading strategies that I can switch
Bonjour j’ai besoin d’un expert capable de me creer un robot de trading lié à un canal télégramme qui sera en mesure de détecter les signaux dans un canal télégramme et les exécuter sur mon compte de trading
I have any currently perfectly fine but I want to add news filter as per as moderate like if hires chlorisk high risk low risk or moderate risk so I need to develop her which can work on budget friendly job. Budget fixed 30 usd
Hi Im working with a Crypto trading company and we want to branch out with our indicator, i'm researching the bot automation and need some hands on board. i i want to hear your opinion about the indicator that i would like you to build. in the PDF i explain the whole indicator and how it need to look like. happy to hear form you

Informations sur le projet

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