Lot Calculator EA for MT4® is a tool that will turn your work with the orders into a simple, understandable, and comfortable process.
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Works on MetaTrader 4®
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The EA focuses on collecting tool functions for working with orders. Moreover, it submits them in a convenient and informative way. It will help you save an enormous amount of time and raise your skills to a higher level!
The head tool function is a lot calculation due to a specified risk size (USD/Lot/% of the balance). Also, it provides detailed information about the future lot.
The EA adds three horizontal lines to the chart. Their values can be changed both through the main Lot Calculator window and by moving them on the chart:
The tool can be used on any timeframe of any currency pair.
The Expert Advisor's interface consists of two windows:
Let us consider the tool interface and its capacities in more detail!
The Lot Calculator Main Window
There are three buttons at the top of the Lot Calculator main window:
The main window of the tool is divided into three blocks. Each one has its thematic set of elements for analyzing and calculating a future order. Let us examine each of them:
The Order Parameters Block
This block contains the Use pending order checkbox, allowing switching between instant and pending market orders. Also, it has three input fields, such as:
The block sets risks that determine the actual lot size.
Lot Parameters Block
A block collects useful information about a future order in a tabular form. It is calculated due to the previously specified parameters in the instrument's first two blocks.
Risk Info Block
Let us take a closer look at each row of the table:
As we have clarified earlier, the Open Orders window can be opened by clicking on the Order List button in the main window.
This window provides convenient access to all open orders. Its flexible functionality allows closing filtered orders if necessary.
Open Orders Window
Open Orders Window (horizontal scrolling)
The Open Orders window is divided into two main sections:
Let us consider them in more detail.
The first section has two buttons:
Elements for filtering closed orders:
Table columns and their meaning:
There is only one option in the incoming parameters — Magic Number. It separates orders placed by this EA from orders placed by other EAs. This value also acts as an additional filter when you delete orders in the Open Orders window if the Close only EA orders parameter is enabled.
Expert Advisor Parameters Window
You can see an example of an order created using the Lot Calculator below.
Creating an Order Using EA
Opening the Table of Orders after Creating an Order
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