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
Hi, I looking for a developer to help me create an EA. The EA is using 3 moving averages system namely green,red and blue MA. The EA must work on this principles. For buy setup, red MA must close above blue MA. Bullish candlestick must close above green MA. For sell setup, green MA must close below blue MA. Bearish candlestick must close below red MA. The EA also must be able to use optimization parameters,news
I am looking for a scalping EA based on daily VWAP for intraday trading. initiate buy when above VWAP and initiate sell below VWAP. it should have proper risk to reward
Hello, im offering my Flip EA as a service. Real numbers. Live account. No BS. Verified Stats (live MT5): • Growth: +78–81% in days • Max Drawdown: 3.05% only • Best trade: +6,872% profit on single position Runs fully automated on XAUUSD 24/5. Small account friendly – built for fast, aggressive flipping with tight risk control. Tell me your capital, I’ll tell you what’s realistic
I am looking for an experienced MQL5 developer to build a fully automated trading bot (Expert Advisor) for MetaTrader 5 . The bot will focus on trend-following scalping and must be designed to trade XAUUSD and BTC on the M1 timeframe . The objective is to create a stable and efficient EA that can open multiple trades per day while managing risk using proper stop-loss, take-profit, and trailing stop
martingale base on each position close. eg: open a position with TP set at $100 and trail SL . if this position hit trail SL i lose $50 then the next position will open target at $150 profit. entry price base on from lower and up by XXX% then can open position i want to choose only buy or sell position. example this chart i only want buy position
I have a specific channel need to copy and modify signal from that channel. It will buy and sell from signal and modify based on signal. I’ll add few more functions in the ea
[Automatic Level Detection Group] - Enable Auto Detection: Yes/No - Number of Levels Required: (Number) 3-5 - Lookback Bars: (Number) 100-200 - Minimum Touches for Strong Level: (Number) 2 - Use Zig Zag Algorithm: Yes/No - Use Level Clustering: Yes/No - Max Cluster Distance (points): (Number) [Display and Drawing Group] - Resistance Line Color: (Color) - Support Line Color: (Color) - Show Info Labels: Yes/No - Lines
Hello, I am searching a good programmed to convert EA from mql5 into pinescript and DX TRADE made automatisation. Source of code required. Budget is negotiable. Thanks for attention and have a nice day
Profitable EA for sell 200 - 1000 USD
I am having 2 very proven and profitable EA which will give you profit and at the end of week you are always in profit. 1 This bot is safe bot and it generates handsome amount of profit with very less drawdown and high accuracy of 75-85%. 2. This bot is very aggressive and will suggest to go with only when you are having big capital and wanted to take more risk. It can make your account multiple fold
Looking for a Marketing Partner for my EAs! I am a developer looking for an experienced partner to help promote and market my Expert Advisors (MT4/MT5). How it works: > * I handle the coding, updates, and technical support. You handle the marketing, outreach, and bringing in traders. Compensation: We work on a Revenue Share / Profit Split basis. If you have an audience of traders or know how to market forex tools

Informations sur le projet

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