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More stable MetaTrader 4 version is available here: Lot Calculator Tool.

More stable MetaTrader 4 version is available here: Lot Calculator Tool.

This tool helps you to automatically calculate and manage risk, conveniently place orders visually, schedule orders, trail stops, move them to break-even and more.

  • Place market or pending orders using draggable lines
  • Schedule orders
  • Calculate and limit risk using various methods
  • See current spread
  • See time till next candle
  • Set custom order comments
  • Trail stops
  • Move stops to break-even
  • See order profit/loss in pips
  • Various actions for closing orders
  • Control the tool using hotkeys
  • Toggle trade levels

  • Risk settings
    • Preferred percentage risk per trade – tool will calculate lot size to match this risk percentage
    • Lot calculation mode – possible modes: current balance / current equity / balance at defined past / fixed lot size
    • Defined past period – possible periods: day / week / month
    • Past period multiplier – the bigger, the further to the past
    • Lot size for fixed mode
    • Split risk for multiple targets
  • Orders settings
    • Magic number
    • Maximum allowed slippage
    • Order comment – limited to 31 characters. Possible wildcards: [currency][balance][equity][risk_percentage][risk_reward][risk_money][risk_pips],[profit_money][profit_pips], [lots]
    • Allow to change default order comment – adds an input to UI
    • Log order send events
    • Allow setting an expire date for orders
    • Allow scheduling orders
    • Virtual levels settings
    • Scheduled order price label size
  • Break-even settings
    • Move stops to break-even at certain level
    • Break-even mode – possible modes: when in profit by given pips, if away from target by given pips, if given percentage of target reached
    • Break-even activation pips / % – depends on chosen mode
    • Move to break-even by given pips above entry line
  • Stop trailing settings
    • Trail stops
    • Trail only after stops have been move to break even, if be used
    • Trailing stop mode – possible modes: fixed pips, ATR, moving average
    • Trailing stop fixed pips
    • Trailing stop ATR period
    • Trailing stop ATR shift
    • Trailing stop distance multiplier – does not apply to MA mode, but useful for setting 2 ATR distance
    • Trailing stop MA mode, applied price, period, shift
    • Prevent stops trialing until specified pips of profit reached
    • Pips of profit to reach before trailing stops – if above enabled
    • Prevent stops trailing until specified percentage of target reached
    • Percentage of target to reach before trailing stops – if above enabled
  • Order limiter settings
    • Limit trades if lost to many trades in a row per day
    • Limit trades if too big % of account has been lost per day
    • Limit trades if too big % of account has been lost per week
    • Limit trades if too much will be at risk at the moment
    • Daily loss in a row limit
    • Daily account loss % limit
    • Weekly account loss % limit
    • Total risk of equity % limit
  • Lines settings
    • Automatically choose initial lines placement (sell / buy) – uses price and moving average to decide
    • Manual default start position for lines – if above disabled
    • Initial distance from current price mode – possible modes: fixed pips, ATR
    • Initial distance parameter (ATR period / pips)
    • Line size, style
    • Use target line
    • Display “Add target” button
    • Prevent from moving stops too far, thus exceeding defined risk
    • Display monetary amounts on lines
    • Display balance percentages on lines
    • Display scheduled order lines
    • Scheduled order line style
  • Other features
    • Display lines flipper button
    • Display “Follow price” button
    • Show “Close all” button
    • Show “Close pending” button
    • Show “Close opened” button
    • Show “Close in profit” button
    • Show “Close in loss” button
    • Display only one order button
    • Display current spread
    • Display time till next candle
    • Display Ask line by default
    • Display Bid line by default
    • Display order profit in pips
    • Display order close button
    • Screenshots
  • Color settings
    • Color for lines, buttons, inputs and other UI elements
  • Hotkeys settings
    • Enable hotkeys
    • Show lines hotkey
    • Hide lines
    • Toggle trade levels
  • UI settings
    • Chart corner
    • UI on top
    • Compact mode
Read More...

  • Preferred percentage risk per trade – tool will calculate lot size to match this risk percentage
  • Lot calculation mode – possible modes: current balance / current equity / balance at defined past / fixed lot size
  • Defined past period – possible periods: day / week / month
  • Past period multiplier – the bigger, the further to the past
  • Lot size for fixed mode
  • Split risk for multiple targets
  • Magic number
  • Maximum allowed slippage
  • Order comment – limited to 31 characters. Possible wildcards: [currency][balance][equity][risk_percentage][risk_reward][risk_money][risk_pips],[profit_money][profit_pips], [lots]
  • Allow to change default order comment – adds an input to UI
  • Log order send events
  • Allow setting an expire date for orders
  • Allow scheduling orders
  • Virtual levels settings
  • Scheduled order price label size
  • Move stops to break-even at certain level
  • Break-even mode – possible modes: when in profit by given pips, if away from target by given pips, if given percentage of target reached
  • Break-even activation pips / % – depends on chosen mode
  • Move to break-even by given pips above entry line
  • Trail stops
  • Trail only after stops have been move to break even, if be used
  • Trailing stop mode – possible modes: fixed pips, ATR, moving average
  • Trailing stop fixed pips
  • Trailing stop ATR period
  • Trailing stop ATR shift
  • Trailing stop distance multiplier – does not apply to MA mode, but useful for setting 2 ATR distance
  • Trailing stop MA mode, applied price, period, shift
  • Prevent stops trialing until specified pips of profit reached
  • Pips of profit to reach before trailing stops – if above enabled
  • Prevent stops trailing until specified percentage of target reached
  • Percentage of target to reach before trailing stops – if above enabled
  • Limit trades if lost to many trades in a row per day
  • Limit trades if too big % of account has been lost per day
  • Limit trades if too big % of account has been lost per week
  • Limit trades if too much will be at risk at the moment
  • Daily loss in a row limit
  • Daily account loss % limit
  • Weekly account loss % limit
  • Total risk of equity % limit
  • Automatically choose initial lines placement (sell / buy) – uses price and moving average to decide
  • Manual default start position for lines – if above disabled
  • Initial distance from current price mode – possible modes: fixed pips, ATR
  • Initial distance parameter (ATR period / pips)
  • Line size, style
  • Use target line
  • Display “Add target” button
  • Prevent from moving stops too far, thus exceeding defined risk
  • Display monetary amounts on lines
  • Display balance percentages on lines
  • Display scheduled order lines
  • Scheduled order line style
  • Display lines flipper button
  • Display “Follow price” button
  • Show “Close all” button
  • Show “Close pending” button
  • Show “Close opened” button
  • Show “Close in profit” button
  • Show “Close in loss” button
  • Display only one order button
  • Display current spread
  • Display time till next candle
  • Display Ask line by default
  • Display Bid line by default
  • Display order profit in pips
  • Display order close button
  • Screenshots
  • Color for lines, buttons, inputs and other UI elements
  • Enable hotkeys
  • Show lines hotkey
  • Hide lines
  • Toggle trade levels
  • Chart corner
  • UI on top
  • Compact mode

Important: if order limiters are used, make sure that your Account history tab is not filtered and displays all of the history.

Important: do not have more than one EA enabled for the same symbol with scheduled orders enabled. This might cause more than one order being sent to broker!

Our Useful Features & Services

Published

24 June 2020

Updated

10 January 2021

Current Version

3.22

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Alberto Lezaun February 9, 2021 12:08 pm
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Not working on my small MT5. Once I set a industry the Skilled freezes plus it shuts, and I have to reload the graph or chart. Lastly I am forex trading without one. 🙁 Where can I request a refund? Thank you.<span id=\

Abhishake Kumarathevan February 9, 2021 12:08 pm
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Exactly what I needed. To have success being a investor you ought to be able to deal with chance\/determine threat. This instrument causes it to be trouble-free !!<span id=\