We all know that implementing proper risk and money management in trading is very important so setting the proper lot size in every trade is must, but it takes time to compute the right lot size manually that will lead you to miss a trade especially if you are an intraday trader, I would like to share to you an indicator that will automatically display the right lot size base on the settings that we set, so you dont have to bother computing it manually, it will display the right lot size at the bottom of your chart.

Just set the cost per pip, the stop loss and the percentage you want to risk and it will compute automatically based on your current balance, not the equity.

Copy the file on the indicator folder of your MT4 folder and attached it in your chart.

If you have questions just PM me or post it here!

Hope this help!

LotSize.ex4