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 · MT5
Visual Risk Calculator
This MetaTrader 5 utility provides a visual interface for position sizing and manual trade execution.
GitHub stars1
Forks0
Last update5 months ago5 Apr 2026
LicenceMIT
Latest releasev1.1.05 months ago
Overview
Visual Risk Calculator allows traders to drag and drop stop loss and take profit lines directly on the chart, automatically calculating the required lot size based on a predefined risk percentage and account equity. The tool handles currency conversions and lot normalization across various asset classes including forex and commodities. Once parameters are set, users can execute orders via an on-chart panel. It includes risk controls for risk-to-reward ratios and automatic lot rounding but does not contain an automated entry strategy.
- Drag-and-drop visual stop loss and take profit lines
- Real-time lot size calculation based on account risk percentage
- On-chart control panel for manual price and ratio adjustments
- Automatic detection of buy and sell directions
- Support for forex, crypto, metals, and indices
Details
Author
arnaudrmt on GitHub
Type
Utility
Platform
MetaTrader 5 (MQL5)
Markets
Forex, Gold, Crypto, Indices, Oil & commodities
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.
EA files
Topics
calculatorlot-sizemetatradermetatrader5mt5position-sizetradertrading
Input parameters
Read from VisualRiskCalculator.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
DefRiskPercent | double | 1.0 | Default Risk % |
DefRewardRatio | double | 2.0 | Default Risk:Reward (1:X) |
PanelYOffset | int | 60 | Distance from top |
ThemeColor | color | clrMidnightBlue | Panel Background |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone arnaudrmt/visual-risk-calculator from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 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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