MT4 Lot Size Calculator

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.

 

MT4-Lot-Size-Risk-Reward-Ratio-Calculator-Indicator-MT4-1

 

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.

 

MT4-Lot-Size-Risk-Reward-Ratio-Calculator-Indicator-MT4-2

 

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.

 

MT4-Lot-Size-Risk-Reward-Ratio-Calculator-Indicator-MT4-4

 

MT4-Lot-Size-Risk-Reward-Ratio-Calculator-Indicator-MT4-5

 

MT4-Lot-Size-Risk-Reward-Ratio-Calculator-Indicator-MT4-6

 

 

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:

  1. Download the indicator file
  2. Open the Metatrader Data Folder (In File > Open Data Folder)
  3. Open the MQL4 Folder
  4. Copy the file in the indicators Folder
  5. 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.

 

 

Reviews

  • MT4 Lot Size Calculator

    Perfect. Thanks Luca

    1 of 2 people found this review helpful.

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  • PLZ make MT5 version.

    1 of 2 people found this review helpful.

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  • It works!

    Its a “no fuss” tool and it does what it says on the box.

    1 of 2 people found this review helpful.

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  • Great Tool !!!

    Very nice and useful tool, easy and quick calculations using points which is even easier and work on every assets available in MT4. could do with some improvements but still a great tool….

    1 of 2 people found this review helpful.

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  • Perfect tool

    Perfect tool, easy to use, intuitive. You will calculate your order size in few seconds!!!

    1 of 2 people found this review helpful.

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  • Nice product

    Excellent tool for pure money management..

    Needs improvement.. like

    *** the tool cover the candles***

    ***hard to see clearly when candle covers it**

    1 of 2 people found this review helpful.

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  • Lot size calculator

    Very useful tool but it needs some improvement

    1 of 2 people found this review helpful.

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  • Wonderful But Needs Improvement In Key Areas

    This is an excellent tool to have risk management calculated quickly. It’s definitely a must have especially because when it’s time to enter we don’t have to waste time using an external source that may not have it automated in an efficient manner.

    Now for the MUST needed improvements

    1. Fix Font Size. This has been stated before and since this issue hasn’t been addressed the coder may have deemed this unimportant or wait for a major change. In the mean time I recommend using up to a 10 Point font. Any higher and information can be cutoff.

    2. Fix the Issue With Disappearing Lines When Tab is Minimized. Whenever the user decides to minimize the box for whatever reason, the the trading lines such as entry, stop loss and take profit disappear. This can be extremely irritating after I just filled out my information and still wanted to check the chart. To fix this issue I recommend another setting in the options that state “close lines after minimizing window” True or False.

    3. Have a take profit 2 level. There are some traders who have 2 levels because they scale out a portion then move their stop loss to break even. With a take profit 2 they can see their entirety of their trade. Without scaling out they can see full profit potential between the 2 take profit areas.

    Additionally having a percentage or scale out number that shows how much lot sizes need to be removed and the take profit levels reflect that will also see realized accurate profit of the entire trade to those who scale out. To add this I recommend have 2 settings.
    “Scale out” True or False. This one is simple.

    “scale out by percentage” True or False. Let’s say a user wants to scale out 33% or 50% at TP1. The box will display the lot sizes needed to be removed. If the first setting is enabled and this percentage setting is disabled, the user can manually enter their specific lot sizes they want removed.

    1 of 2 people found this review helpful.

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  • easy for calculation

    Very helpful !!!!!!!!!

    1 of 2 people found this review helpful.

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  • My honest feedback

    The tool is useful and works well. Just wished that it would auto-adjust in width size. Enlarging the font makes texts run outside the boxes. Using a smaller font fits the text inside the boxes but makes it difficult to read.

    Still for being a free tool … super job.

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  • Pretty usefull

    It’s quite usefull and very simple to use.

    1 of 2 people found this review helpful.

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  • Pretty usefull

    It’s quite usefull and very simple to calculate lot size. Thanks to let it release for free.

    1 of 2 people found this review helpful.

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  • Rescue Tool

    It rescued my trading. I am good technical analytic with poor simple maths abilities, so this makes my life a lot easier and much more fun!

    Still need to figure out how easily to move parameters by moving lines rather than changing numbers.

    1 of 2 people found this review helpful.

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  • Super Easy Money management

    all my trades uses money management. i used to do the calculations manually but after i downloaded this, i don’t have to the calculations anymore. Accurate and easy to use. Thanks

    1 of 2 people found this review helpful.

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  • This is great indeed, i really love it. Good work guys!!

    1 of 2 people found this review helpful.

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  • Easy Calculate to everyone

    It’s very helpful and make me easy for calculation lot size
    recommend for everyone who want to understand the position sizing
    and make a precious R:R and Money Management.

    *****
    5 Star

    Must Have Items !

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  • Excellent Product, amazing....Thanks Luca

    Excellent Product, amazing….Thanks Luca

    Does the Job, very well shows all required parameters for the anticipated position…well done….5 stars

    *****

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