Position Sizer is a panel for MetaTrader 4 that automatically calculates the correct position size for each trade according to the risk you want to take. You only need to enter the entry, the stop loss and the risk percentage, and the tool tells you how many lots to trade. It is one of the most valuable utilities for disciplined money management.
How it works
The panel takes into account your account size, the asset type and the broker requirements to convert your risk into an exact lot size. It shows the potential profit and loss, the required margin, and lets you drag the entry, stop and target lines directly on the chart.
Main features
- Compatible with currencies, indices, commodities, stocks and cryptocurrencies.
- Risk by percentage or by a fixed amount of money.
- ATR based levels and several Take Profit targets per position.
- One click trade execution and a view of the total portfolio risk.
Recommended requirements
- MetaTrader 4. Useful for manual trading and for planning trades with controlled risk.
File contents: package ready to install in MetaTrader 4. An essential tool to protect your capital on every trade.
View the original utility documentation on EarnForex (Apache-2.0 license)
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