Forex Risk Calculator is used to help compute the actual Lot Size for each entry. The concept behind the risk calculator is that the percentage of the balance a trader is willing to risk generally remains constant. Therefore, it is more important to compute the Lot Size.
Using Forex Risk Calculator
You can set the risk, expressed in account currency, by clicking on the left and right arrows to either decrease or increase your risk appetite. Then on the chart, you would need to drag Entry Calc, SL Calc, and TP Calc lines at the levels according to your strategy. The risk calculator will automatically update and display the Lot Size value.
In addition, the Real Risk value is displayed, which is slightly different because Lot Size value is a discrete value. Meaning it cannot be for example 0.0439. The indicator also proved information regarding the amount of Target Profit, according to the TP Calc level. Lastly, the calculator automatically determines if it’s a buy or sell order based on the relative position between Entry Calc and SL Calc levels.
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Forex Risk Calculator general settings
All the indicator inputs are self-explanatory. The first two options are for convenience and the remaining setting is for style. The panel size is set to 1, the smallest, as default. Moreover, the indicator risk allowance is permanently capped at 50% of the total balance.
Forex Risk Calculator Download
To download your indicator use the “Download” button located at the bottom.
Create your custom indicator
If you would like to create your own custom indicator, please contact AtoZ team.
How do you install an indicator on MT4?
In order to install an indicator on MT4, you need to:
1. Click on Download button below;
2. Save the file to your computer;
3. Extract and move the .ex4 file into the following folder: meta traderexpertsindicators;
4. Restart your Metatrader platform;
5. Click the “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “NZ_Calculator”;
8. Adjust settings or press OK to add the indicator to your selected chart;
This MT4 Forex tool has a set expiry data. To reactivate it later, please place a sent key file to MQLFilesAtoZ LicenseProduct Code
Note: Forex Risk NZ_Calculator was developed by AtoZ Markets. AtoZ Markets carry copyrights over this trading tool.
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