MetaTrader Position Size Calculator

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This MetaTrader 4 Indicator helps you with your Forex Money Management plan by calculating your next position size for you based on your personal acceptable Risk level and remaining Free Margin in your Trading Account.

It can automatically adjust your lot sizes in real time with the market price according to parameters you have set.

Simply unzip the .ex4 file and place it in your MetaTrader indicators directory (most likely here -> C:\Program Files\MetaTrader 4 powered by G-Trader\experts\indicators).

You will need to restart your MetaTrader 4 platform for the Forex Money Managment Position Size Calculator indicator to show in the Custom Indicators list of your Navigator screen (Ctrl + N)

Forex Money Management Position Size Calculator

MetaTrader 4 Position Size Calculator

When you add the FMM Position Size Calculator to a chart, you need to specify the Risk percentage of your trading account you will be placing per trade and your Stop Loss in pips.

If you are placing more than 1 trade at a time then your risk will accumulate! If you have determined you can risk 10% of your account in total and you will have 2 open trades at a time, then you must enter 5.0 in the Risk field.

In the example below I have entered 0.5 because I usualy have 4 open trades at a time and I don't want to risk more than 2% of my Trading Account at one time.

 

Configuring the Forex Money Management Position Size Calculator

Configuring the MetaTrader 4 Position Size Calculator

 

Displaying the Forex Money Management Position Size Calculator on a Chart

Displaying the MetaTrader 4 Position Size Calculator on a Chart