The Metatrader Platform is surely one of the best trading platform in circulation. Metatrader includes many charting features, order management, indicators and many more. However, one thing that can be improved is the ability to calculate and visualize the Lot Size and Risk Reward Ratio. MT4 Lot Size Calculator can help you calculate and see the position size and risk reward ratio.
What Is The MT4 Lot Size Calculator Indicator
The MT4 Lot Size Calculator is an Indicator for Metatrader 4 that can calculate the position size to satisfy your risk management rules.
Other than calculate the lot size the indicator can show you the risk reward ratio and the possible loss and profit for a trade.
Using Lot Size Calculator is very easy through the intuitive interface.
Why Is The MT4 Lot Size Calculator Useful
MT4 Lot Size Calculator allows you to quickly setup and immediately see the possible outcome of a trade.
With Lot Size Calculator you can:
- Set your risk management preferences
- Configure Stop Loss and Take Profit by points or prices
- Set Stop Loss and Take Profit dragging lines on chart
- Immediately see the possible loss and profit
- Calculate the ideal position size to meet your risk management
- See the Risk Reward Ratio for a trade
As you can see this trading “plugin” allow you to perform operations that usually are not so quick.
How To Download And Use The MT4 Lot Size Calculator
You can Download the MT4 Lot Size Calculator Panel with the link at the bottom of this page and install it following the below instructions.
The installation is very easy to perform, same is the use.
Once you run the Expert Advisor you can set a few default options, the rest will be managed from the panel.
MT4 Lot Size Calculator Installation
To install the indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL4 Folder
- Copy the file in the indicators Folder
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.