Sizing Multiple Forex Orders by Risk and Stop-Loss Distance

Summary

This MetaTrader script is described as a position-sizing aid: the user enters a maximum risk percentage and stop-loss distance to calculate the lot size for an opening position. Parameters also allow buy or sell mode, multiple orders, a take-profit distance, a command to close all orders, and a magic number for identifying orders. The listed defaults include a 10% risk setting, a 20-pip stop, two orders, and a 20-pip take profit.

The document is only a feature and parameter description; it does not explain the sizing formula, account-equity basis, pip-value conversion, or how risk is allocated across multiple orders. It reports a decimal-correction update but includes no examples, testing results, or trading performance evidence. The risk percentage is a configurable input, not a recommendation, and the description alone is insufficient to verify how the script handles different instruments or account currencies.

Key ideas

• The script calculates position lot size from a user-specified risk percentage and stop-loss distance.
• It supports buy or sell direction and permits multiple opening orders.
• Additional parameters define take profit, close-all behavior, and order identification.
• The description does not show the sizing formula or validate behavior across instruments and account currencies.

Tags

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