by 
This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
Utility · MT4
Liangjingyang MQL4 Risk Utility
This MetaTrader 4 expert advisor provides a utility framework for account risk management and manual trade execution.
GitHub stars2
Forks0
Last update8 years ago6 Jul 2018
LicenceNone stated
Overview
Liangjingyang MQL4 Risk Utility monitors account equity and margin levels, offering alerts based on predefined risk percentages per order and total account exposure. The software includes an example for keyboard-based trading, allowing users to execute commands via hotkeys. It features notification systems for margin level warnings and trend alignment checks. The repository lacks a README, and the EA serves primarily as a tool for traders seeking custom risk monitoring and interactive order entry.
- Percentage-based risk calculation per trade
- Account-wide risk exposure monitoring
- Margin level weekend protection alerts
- Keyboard-based trade execution interface
- Push notification and alert system
Details
Author
liangjingyang on GitHub
Type
Platform
Markets
Any symbol
Timeframes
Any timeframe
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Input Parameters
Read from L_RiskManagementA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InitBalance | long | 50000 | risk per trade is based on the initial balance which is set at year start |
OrderRiskPercent | double | 1 | risk per trade |
AccountRiskPercent | double | 5 | risk per trade |
BalancePerLots | long | 10000 | balance per order |
MarginLevelWeekend | double | 3000 | |
EnableNotification | bool | false | |
Debug | bool | false |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone liangjingyang/mql4_lib from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts, and any .mqh files into the Include folder the code expects.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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