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The MT5 Risk Reward Calculator is a free, easy-to-use script designed to help traders with proper position sizing and risk management. It allows traders to calculate the exact lot size based on their predefined risk percentage and stop-loss distance.
This tool eliminates the need for manual calculations by instantly generating a professional dashboard on the chart. The dashboard displays the calculated lot size, exact monetary risk, stop loss, take profit, and the risk-to-reward ratio.
Key Features:
- Auto-calculates lot size based on Account Balance or Equity.
- Displays Risk Amount in account currency.
- Visual Risk/Reward Ratio calculation.
- Adapts automatically to any symbol (Forex, Gold, Indices, Crypto) by reading Tick Value, Tick Size, and Broker's lot step.
- Clean and premium UI dashboard on the chart.
Input Parameters:
- Risk Percentage: The percentage of your balance/equity you want to risk (e.g., 1.0 for 1%).
- Stop Loss: The distance to your stop loss in pips.
- Take Profit: The distance to your take profit in pips.
- Use Balance: If true, calculates based on Balance. If false, uses Equity.
- Display Settings: Customize the panel's position, background color, and text colors.
How to Use:
1. Attach the script to any chart.
2. Enter your Risk %, Stop Loss, and Take Profit values in the input window.
3. Click OK. The dashboard will appear on the chart with the exact lot size you need to trade.
Note: This is a utility script. It does not open trades automatically; it only provides the calculations to help you make better trading decisions.
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