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Risk-Based Position Sizing from Chart-Drawn Stop Levels

Article MQL5 code base
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Summary

The 4click Trade Opener describes a chart-based workflow for opening trades with position size tied to a chosen risk budget. The user sets a risk percentage or fixed risk amount, the broker's minimum lot size, the number of positions, and a maximum slippage setting in the script. After initiating the trade, the user places stop-loss and take-profit levels on the chart.

The script uses the stop level to determine the size of the minimum-lot position and then calculates the remaining lot size to fit the specified risk. Splitting the exposure across positions allows different take-profit levels. The description does not provide the sizing formula, explain how instrument value or account currency is handled, or show test results. Its risk control therefore depends on correct inputs and on the actual execution and stop behavior of the broker.

Key ideas

  • The tool sizes exposure according to a chosen percentage or fixed amount of equity at risk.
  • The user defines stop-loss and take-profit levels directly on a chart.
  • The stop distance informs the calculation of the remaining position size after a minimum-lot order.
  • Multiple positions can divide the risk budget and use different take-profit levels.
  • The description provides no validation results or details about instrument-specific sizing assumptions.

Tags

Position sizingRisk managementExecution

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.