4/4/25, 3:06 PM Lot Size Calculator for MT4
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EarnForex Software MetaTrader Indicators Lot Size Calculator for MT4
Lot Size Calculator for MT4
Lot Size Calculator is a indicator free indicator for MT4 that quickly calculates the correct lot size to use in
a trade. Since risk management is one of the most important aspects of trading, this is a tool that you want
in your arsenal.
Lot Size Calculation in MetaTrader
Calculating a lot size in MetaTrader is normally not a quick task, but it is a very important one.
MetaTrader doesn't offer a fast way to calculate the position size, so, usually, a trader needs to manually
perform several calculations.
When you are submitting an order, you are already supposed to know and type in the lot size for the trade.
So in this case, you should calculate it manually using the formula shared in our How to Calculate Position
Size in MQL4 guide.
An alternative is to use an online tool, which isn't fastest way of doing this, obviously.
Lot Size Calculator is an easy and quick tool to calculate the position size in MT4 and see the lot size and
risk-to-reward ratio.
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Lot Size Calculator indicator for MT4 is a great tool to easily calculate the position size for a trade.
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With Lot Size Calculator, you can:
Set your risk management preferences.
Select the percentage of risk.
Configure stop-loss and take-profit by points or prices.
Set stop-loss and take-profit by 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
This trading "plugin" allows you to perform operations that usually are not so quick and it is very simple to
use.
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The graphical interface is designed to be as simple as possible.
Forex Lot Size Calculator for MT4
Note About Risk Management in Trading
Whether you trade Forex, stocks, indices, commodities, or any other instruments, it is no secret that risk
management is fundamental.
Risk management consists of a set of rules that can keep your account safe from unexpected events.
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During your trading activities you will encounter periods of drawdown. You will encounter consecutive
streaks of losses.
Using sound risk management can make a difference between blowing your account up or not.
Also, risk management is often the most striking difference between a successful trader and an amateur.
Risk management includes concepts like:
Stop-loss
Position size
Risk-to-reward ratio
Stop-loss
Stop-loss is a price, or a distance from the open price, where you want to exit a trade.
The stop-loss order is your last call to exit a trade and is part of almost every strategy and trade that you
execute.
So, if you are in a trade, and the price moves against it, there is a price where the trade will be closed and
the loss will become realized.
As a general rule, you should define the stop-loss before entering a trade.
Lot Size
One of the most popular rules of risk management is to invest in each trade only a small percentage of your
entire account. This is to prevent your account from blowing up in case of a streak of losing trades.
For example, if you risk 25% of your account with each trade, after a streak of 4 losing trades, you are left
with almost nothing.
If you use only 2.5% risk, after a streak of 4 losing trades, you would still have more than 90% of your
balance available. Of course, if the trades were winners, the profit would have been higher, but it is
important to be prepared to a high number of losing trades in a row.
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Once you decide on your stop-loss price, it can be used in the calculation of the lot size, or position size,
for the trade.
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Another factor to consider to calculate the lot size for a trade in Forex, or another Asset, is the amount you
are willing to risk. Depending on your strategy's statistics, usually you shouldn't risk more than 1% to 5% of
your balance on a single trade.
You probably know that a common rule is to risk a maximum of 2% of your account. Once you settle on
your strategy, risk, and stop-loss, you can calculate the lot size.
Risk-to-Reward Ratio
Another important aspect of every trade, or strategy, is the risk-to-reward ratio.
Risk-to-reward ratio indicates the ratio between the profit and the loss expected in a trade.
If you see a risk-to-reward ratio of 2 it means you are risking $1 to gain $2.
For example, you set the stop-loss for a trade to 100 pips and the take-profit to 200 pips — this is a risk-
to-reward ratio of 2.
Features
Stop-Loss and Take-Profit Configuration
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With this indicator, you can easily set the stop-loss and take-profit directly from the panel and then adjust
the levels on the chart.
The chart is interactive, and you can move the lines to adjust the levels accordingly.
Position Size Calculator
If you set a stop-loss, the Lot Size Calculator for MT4 immediately calculates the volume to satisfy the risk
management conditions. Stop-loss can be set as distance from the open price or as an absolute price
level.
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Risk-to-Reward Ratio Calculator for MT4
If you set both stop-loss and take-profit, the indicator will show you the risk-to-reward ratio. This is very
useful if you need to check if the trade satisfies your strategy's rules.
Risk Management Parameters
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The indicator also allows you to change the calculation base, percentage, and amount you risk for flexible
calculation.
Downloads
You can use this link to download the Lot Size Calculator indicator for MT4 for free:
➥ MQLTA MT4 Lot Size Calculator
Download
MT4 Lot Size Calculator Installation
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To install MT4 Draw Grid indicator, please follow the instructions below:
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1. Download the indicator archive file.
2. Open the MetaTrader 4 data folder (via File→Open Data Folder).
3. Open the MQL4 Folder.
4. Copy all the folders from the archive directly to the MQL4 folder.
5. Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the
platform and choosing Refresh.
If you are having trouble following these installation instructions, you can read our guide to MetaTrader
product installation.
The Lot Size Calculator for MT4 is a great indicator, but if you want a tool that can
also submit the order once the lot size is calculated, then you might be interested
in One-Click Trade Pro expert advisor — a simple interface to calculate data and
manage orders quickly.
Parameters Available
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Requirements and Support
MetaTrader 4 — this indicator is supported by MetaTrader 4 only.
Free — no purchase/license required.
Multiple instruments — you can use this tool with multiple pairs and assets.
Multiple devices — you can set this software up on as many devices as you want.
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FAQ
What do I need to run this indicator?
This indicator is a plugin that can be added to MetaTrader 4 platform.
Does this indicator work with multiple assets?
Can I use it on multiple devices?
How do I install the indicator?
How much does it cost?
Can you add a feature to it?
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