Risk-Percentage Lot Sizing With Chart-Based Stops and Targets

Summary

The document describes a lightweight MetaTrader 4 panel for manual trading. A trader sets a risk percentage of account balance and drags two horizontal chart lines to mark low and high prices used for stop-loss and take-profit levels. The panel previews estimated risk money and buy or sell lot sizes, and supports one-click order submission. Users can adjust the risk percentage, reset line distances, and optionally block trades when spread exceeds a configured maximum.

The tool is a position-sizing and execution aid, not a signal generator or tested strategy. Its calculation uses account balance rather than equity, and the lot-sizing engine is described as approximate across symbols. The material provides no performance results, accuracy assessment, or details on how position size handles every instrument's contract specifications. It recommends demo testing before live use, so its estimates and trade controls should be treated as convenience features whose suitability depends on the broker and instrument.

Key ideas

• The panel estimates lot size from a chosen percentage of account balance and chart-defined stop distance.
• Two draggable price lines provide the levels used for stop-loss and take-profit planning.
• The interface previews risk amount, spread, and buy or sell size before one-click execution.
• The sizing calculation is approximate and uses balance rather than equity.

Tags

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