Forex Risk Advisor script for MetaTrader 4

This script tries to calculate Lots value given on how much percent from balance can be lost and how much pips are in range for Stop Loss.

Additionally you may change Profit Loss factor so advised Take Profit pips wil be adjusted. And the Lots value is default value on which pips range can be recalculated but is expected as default Lots value.

Hope this script will be usefull for traders with many opened orders.

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Forex Risk Advisor script for MetaTrader 4

MT4 Forex Robot Characteristics

Platform: Metatrader 4

Type: Script

Time frames: any.

How to install Screenshot Script in MetaTrader 4 / MT4:

Copy and paste the RiskAdvisor.mql4 into the MQL4 Scripts folder of the Metatrader 4 trading platform.

Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Script (paste here)

On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Scripts” section

Locate the indicator which you have just downloaded into the folder stated in Step 1

Drag (Click and drag) the Script onto the chart (when you want the task to be performed)

your task should now be executed…

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