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Operational in the world of Forex trading, the MT4 Lot Size Calculator is an advanced trading tool that assists traders in managing their trading risks. This tool has been designed keeping in mind the fundamental rule of trading risk management, which states that a trader should not risk more than 5% to 7% per trade. The MT4 Lot Size Calculator is a cutting-edge, optimized trading tool that provides traders with the necessary information to make informed trading decisions.
MT4 Lot Size Calculator: Functionality and Features
The primary function of the MT4 Lot Size Calculator is to calculate an appropriate lot size for each trade. It does so by taking into account the stop loss value for different trading levels. This risk management tool automatically calculates the lot size when it is placed on the chart, and whenever the “Stop Loss Line” is adjusted. It’s a dynamic tool that adapts to the trader’s actions in real-time.
The tool is also designed to allow traders to define the amount that will be used to calculate the risk. This can be a custom balance or the account balance. Moreover, it provides customization options for the color of the Take Profit (TP) line, Stop Loss (SL) line, and the ask line price.
User-friendly Interface
The MT4 Lot Size Calculator offers an intuitive and user-friendly interface. Traders can easily drag and drop the entry price line and the stop-loss price line on the chart. If the entry price line is above the stop-loss price line, the calculator identifies the trade as a buy order. Conversely, if the entry price line is below the stop-loss price line, it identifies the trade as a sell order. This interactive feature allows traders to visually set their trade parameters, enhancing the overall trading experience.
Free Demo Version
To give traders a chance to explore its features and usability, the MT4 Lot Size Calculator offers a free demo version. This demo version works exclusively with the USDCAD pair, giving traders a taste of the tool’s functionality.
Availability and Support
This Forex trading tool can be found on the MQL5 website. In case of any queries or assistance, traders can reach out to the product’s creator, SAYADI ACHREF, a fintech software engineer and founder of Finansya, through a private message.
Independent Testing and Updates
For those interested in seeing the MT4 Lot Size Calculator in action before making a purchase, independent testing of this product is available on the forexroboteasy.com website. Traders can also subscribe to updates on the testing results of this product from the same platform. This ensures that users are always informed about the latest developments and improvements made to the tool.
FAQ Section
Is the MT4 Lot Size Calculator user-friendly?
Yes, the MT4 Lot Size Calculator has an interactive and user-friendly interface that allows traders to drag and drop the entry price line and the stop-loss price line on the chart.
Is there a demo version of the MT4 Lot Size Calculator available?
Yes, a free demo version of the MT4 Lot Size Calculator is available for traders to try out. This demo version works exclusively with the USDCAD pair.
Where can I find the MT4 Lot Size Calculator?
The MT4 Lot Size Calculator can be found on the MQL5 website. For any queries or assistance, you can reach out to the product’s creator, SAYADI ACHREF.
Can I watch independent testing of the MT4 Lot Size Calculator?
Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product from the same platform.
We invite readers to share their experiences with the MT4 Lot Size Calculator. Your insights could help other traders optimize their trading risk management strategies. This review is an independent product review and is written in the third person for neutrality.
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