Experts agree that the number one reason most forex traders lose money is lack of proper money management! The Forex Pro Lot Size Calculator was developed to completely eliminate improper trade position sizes in a quick and easy to use script for any MT4 Trading Platform!
The Forex Pro Lot Size Calculator will quickly determine the proper lot size based on your desired risk level while also letting you know your Risk/Reward ratio.
The Forex Pro Lot Size Calculator is a script for MetaTrader 4 that will attach to any chart of any currency pair in any time frame. It works with both 4 and 5 digit brokers. After finding a promising trade simply attach the script to the chart. You can enter your stop loss in a static number of pips or simply enter the stop loss price. The Forex Pro Lot Size Calculator will do the rest.
The settings of the Forex Pro Lot Size Calculator are simple but powerful. The first setting is the “Risk” setting that you can adjust to suite your trading plan. The “Buy” setting is set to “True” if you are planning a long trade or “False” if you’ll be trading the pair short. The Stop Loss setting is an either/or type. You can either choose to enter your stop loss in pips or at the stop loss price. Next you can either enter the desired trade entry price or leave it blank to use the current market price of the currency pair. The “Take Profit” setting is also an either/or choice. You can choose to enter a predetermined amount of pips or enter the target price. Again this software will take care of the rest.
Once the price or pip levels are entered into the software, the Forex Pro Lot Size Calculator quickly gives you the correct lot size based on the parameters you entered as well as give you the trades Risk/Reward ratio.
The Forex Pro Lot Size Calculator contains the following features to assist you in placing profitable trades:
You may have the perfect trading system but a string of losses can wipe out your account leaving you with a severely depleted account. Professional traders know that proper money management is the key to account preservation when trades turn against them. They sleep well at night knowing that all risk has been properly managed. Don’t leave your trading risk up to simple assumption! Know EXACTLY what your downside risk is in every trade!
Get the Forex Pro Lot Size Calculator and plan every trade down to the minute detail. Manage your risk wisely and you’ll be on your way to being a better and more profitable trader.