Risk - Reward Tool 

The number one rule for achieving success and protecting your account balance in Forex and financial markets is Sustainable Risk Management. The vast majority of traders suffer severe losses simply because they fail to calculate their exact dollar risk or determine the required position size (lot size) relative to their Stop Loss (SL) distance before opening a trade.

Position Size Calculator V7 MT4/5 is an advanced trade, lot, and risk management tool engineered for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

🛠️ What Does This Tool Offer You?

• Automated Lot and Risk Calculation: Set your desired risk as a percentage of your balance/equity (e.g., 0.25%) or as a fixed dollar amount (e.g., $50 or $100). The tool instantly calculates the exact lot size that matches your risk relative to your Stop Loss (SL) distance, along with the precise net dollar amount to be gained or lost.

• Interactive On-Chart Planning: Clicking the BUY or SELL button generates Entry, Stop Loss (SL), and Take Profit (TP) lines directly on your chart. As you drag these lines with your mouse, the risk amount ($) and the lot size update in real time.

• Preset Risk/Reward (R:R) Buttons: Dynamically place profit targets such as 1:1, 1:1.5, 1:2, 1:2.5, or 1:3 with a single click.

• Stress-Free Trade Execution: Clicking the OPEN BUY or OPEN SELL button executes trades that comply 100% with your risk management rules.

• Live Position Tracking and One-Click Close: Displays a real-time list of your open positions' profit/loss at the bottom right of the screen, allowing you to close trades directly from the chart with a single click on the [X] button.

• Advanced Ticket & SL/TP Info Labels: Displays ticket numbers for open positions on the right side of the chart and live net dollar amounts to be gained or lost next to the SL and TP levels. Once a position is closed, all chart objects are cleaned up instantly.