With Risk Calculator you can easily risk a certain percentage on each trade. Pending order or executing an instant trade.
Work out risk easily!
Work out your risk and lot size of your trade before executing. Live from your terminal before you execute your trade.
Keep it locked
Lock in your trade risk percentage and trade without worrying about calculating incorrectly
Why use Risk Calculator?
Trading can be stressful and unpredictable at times. This is why it’s advised to work out your risk and lot size before entering any trade to avoid blowing accounts.
This is why we created Risk Calculator for MetaTrader. Traditionally traders would see a potential trade that they’d like to open, count the number of pips to their stop loss and use a calculator or spreadsheet to calculate their lot size for that trade. As every trade is different, this can be a time consuming process before executing a trade. Or even by the time you’ve finished calculating, you’ve completely missed your entry. Risk of human error when entering a trade is also eliminated, allowing you to focus on your entries.
How does it work?
Simply enter the percentage you’re risking and / or the Ratio on our MetaTrader app. Press the “Buy Calc” or “Sell Calc”. This will trigger lines on your actual terminal where you can see the amount you are risking in whichever currency your account is funded in, alongside the lot size to trade. When you agree, press Enter to execute the trade. That’s it! – It even works on future pending orders too!
But wait, we have even more features!…
Your Cash Risk (NEW FEATURE)
Enter the amount of cash you want to risk for your trade. E.g $100 cash risk – Works with all currencies.
Your Percentage Risk
Simply enter your desired risk percentage per trade to lock in your risk. E.g 1% risk
Buy or Sell trade?
Click either the ”Buy Calc” or ”Sell Calc” depending on what market order you’d like to place and see the risk live from your terminal.
Once you are satisfied with the risk, click the ”Execute Trade” button to enter the trade.
Want to work out your risk percentage for a future trade before it gets triggered? No problem! Use our ”Pending Order” feature to manage your risk and enter positions.
One Click Trade Management
Take advantage of the One Click Trade Management system by closing 50% of your trade, allowing you to keep a runner. Full Close a trade when you decide to exit a trade. Automatically move your Stop Loss to Break Even and even create a customised close button yourself (e.g close 70% of a trade).
Plus many more features
We have many features within Risk Calculator and many more to come! With a lifetime of free updates for every user! – Check out our new features here!
Reviews from our users
“Amazing piece of software. Has levelled up my trading, made it a lot easier to get into positions – support is also extremely good. Amazing response time, wouldn’t hesitate to buy – regardless, you need this if you are a trader!“
“It’s really an amazing App! Just look at the other reviews. I been using it on daily basis, to find my perfect R:R without doing the tedious work of finding the lot size coz the app does it automatically! Works on any pair! I don’t have to open any pip size calculator ever again!”
“Downloaded the premium version last week and its made my trading more profitable already! I’ll be using it all of the time now. I strongly recommend it to everyone that uses MetaTrader!“
“Was searching for something like this forever! Many similar EA/s like this one but all of them were missing something, this one has EVERYTHING you need and makes life so much easier. Risk Management is the true essence of trading, this can be the pivot point from being profitable or not!“
“Truly a game changer for my trading! I struggled with my lot size calculations and my entries too. This has made my whole trading experience so much easier! I’ve become more profitable too since using it! – I definitely recommend it to all MT4 users!”
“Super useful tool to help with trading especially for scalping as you do not need to calculate position sizes or manually enter price levels to place trades as it does everything for you. Great customer service too. Highly recommend“
Frequently Asked Questions
Some of our frequently asked questions. If your question isn’t listed and answered. Feel free to contact us.
Risk Calculator is a Expert Adviser for your MetaTrader terminal. A full install guide is provided with your download.
Your license can be used on multiple Metatrader trading accounts, but not simultaneously.
If you’d like to use Risk Calculator on more then 1 account at the same time exact time you have the option of purchasing additional licences. Simply add another Risk Calculator to your basket and checkout.
All pairs are supported – All pairs! -FX, CFD, Metals / GOLD, Bitcoin
Yes! This is one of great features for Risk Calculator! It’s compatible with all instruments supported by your broker.
Yes you can! For example a lot of our users risk 0.5%. You can risk anything you like.
We charge a small fee processed by Paypal or Card. This fee goes towards website maintenance costs, developer costs and future rolling updates to every user.
We’re always here to help! Contact us by using the blue live chat button at the bottom right of the page. We aim to respond to any queries within 24hrs.
Yes! We support Mac! – If you have MT4/5 running. Risk Calculator will work.
Once you have purchased and downloaded Risk Calculator. Inside of the .zip folder there is a detailed pdf guide with step by step install instructions and a video install guide too if you need it.
Yes you can! Sign up here and earn every time someone purchases using your link – http://riskcalculator.app/affiliate-area/
Helpful forex and Metatrader information
In MetaTrader 4 (MT4), the term “lot” refers to a standard trading size for Forex trading. The size of 1 lot in MT4 is typically equivalent to 100,000 units of the base currency. However, it’s important to note that the specific lot size can vary depending on the broker and the instrument you are trading. Some brokers may also offer smaller lot sizes, such as mini-lots (10,000 units) or micro-lots (1,000 units). It’s recommended to consult with your broker or check their trading specifications for precise information on lot sizes.
Calculating 1% risk in forex involves determining the maximum amount of money you are willing to risk on a trade as a percentage of your trading capital. Here’s a step-by-step process to calculate 1% risk:
Determine your trading capital: Start by determining the total amount of money you have available for forex trading. This includes funds you are willing to allocate for trading purposes.
Decide on your risk tolerance: Consider your risk tolerance and determine the maximum percentage of your trading capital that you are willing to risk on a single trade. In this case, you want to risk 1% of your trading capital.
Calculate 1% of your trading capital: Multiply your trading capital by 0.01 (or divide it by 100) to calculate 1% of your trading capital. This will give you the maximum amount of money you can risk on a single trade.
For example, if your trading capital is $10,000, the calculation would be as follows:
1% risk = $10,000 * 0.01 = $100
Therefore, in this scenario, your maximum risk per trade would be $100.
It’s important to note that risk management is a crucial aspect of trading, and calculating your risk based on a percentage helps ensure that you maintain consistent risk exposure across different trades. However, it’s also essential to consider other factors like stop-loss levels, position size, and overall trading strategy to effectively manage risk in forex trading.
The minimum trade size on the MetaTrader 4 (MT4) platform can vary depending on the broker and the financial instrument being traded. However, in most cases, the minimum trade size on MT4 is referred to as a lot, which represents a standardized unit of trading.
Minimum trade size of 0.01 lots (equivalent to 1000 of the first-named currency).
In the forex market, a lot size refers to the standardized trading volume or position size of a trade. It represents the quantity of currency units that are bought or sold in a forex transaction. Lot sizes are essential in determining the risk exposure and potential profits or losses in a trade.
There are three main types of lot sizes in forex trading:
Standard Lot (1.0 Lot): A standard lot represents 100,000 units of the base currency in a currency pair. For example, if you’re trading the EUR/USD pair, a standard lot would be equivalent to 100,000 euros. When trading with a standard lot, each pip movement is worth a fixed amount, which varies depending on the currency pair and the account currency.
Mini Lot (0.1 Lot): A mini lot is one-tenth the size of a standard lot and represents 10,000 units of the base currency. Using the EUR/USD example, a mini lot would be equivalent to 10,000 euros. The pip value for a mini lot is 10 times smaller than that of a standard lot.
Micro Lot (0.01 Lot): A micro lot is one-hundredth the size of a standard lot and represents 1,000 units of the base currency. Continuing with the EUR/USD pair, a micro lot would be equivalent to 1,000 euros. The pip value for a micro lot is 100 times smaller than that of a standard lot.
Apart from these three standard lot sizes, some brokers also offer flexible lot sizes, such as nano lots (0.001 Lot) or fractional lot sizes, allowing traders to have even smaller position sizes and more precise risk management.
It’s important to note that lot sizes may vary depending on the broker and the trading platform you are using. It is recommended to check with your broker or trading platform for specific details on lot sizes and their requirements.
MetaTrader is a popular trading platform used by traders in the financial markets, primarily for forex (foreign exchange) trading. It was developed by MetaQuotes Software and was initially released in 2005. MetaTrader has since become one of the most widely used trading platforms by retail traders and is available in different versions.
The two main versions of MetaTrader are:
MetaTrader 4 (MT4): MT4 is the older version but remains widely used due to its stability, extensive features, and the availability of numerous custom indicators and automated trading systems (Expert Advisors). It provides traders with real-time market data, advanced charting tools, technical analysis indicators, and the ability to execute trades directly from the platform.
MetaTrader 5 (MT5): MT5 is the newer version, introduced in 2010, and offers additional features and improvements over MT4. It provides a more extensive range of asset classes for trading, including not only forex but also stocks, commodities, and futures. MT5 also supports more advanced order types and hedging capabilities, making it suitable for different trading strategies.
Both versions of MetaTrader are highly customizable, allowing traders to adapt the platform to their specific needs and preferences. They also support algorithmic trading through the use of Expert Advisors (EAs), which are automated trading programs that can execute trades based on pre-defined rules and conditions.
MetaTrader platforms are available for desktop computers (Windows and Mac), web browsers, and mobile devices (iOS and Android), providing traders with flexibility and access to the markets from anywhere with an internet connection.
An Expert Advisor (EA) in MetaTrader is a software program or algorithm designed to automate trading strategies on the MetaTrader platform. It is commonly used in the foreign exchange (forex) market and allows traders to execute trades automatically based on predefined rules and conditions.
EAs analyze market data, such as price movements and indicators, and make trading decisions accordingly, without requiring manual intervention. Traders can customize EAs to implement specific strategies, including trend following, scalping, or hedging, and the EAs can generate trade signals, open and close positions, manage risk, and provide various other functionalities to optimize trading performance.