I need to make a quick modification to a Metatrader 4 indicator, find it attached.
This indicator calculates the % risk based on a SL and Take Profit line, also on account's equity, etc, and displays all that at the upper right window.
What I need is this:
- I need a cut-down version of the indicator where I will only see how many lots I can risk based on a pertentage risk. By default that risk will be 1% of the account's equity.
For example, if my account's balance is 10.000 then and risk is 1% it should know that I can risk only X lots and display it.
Right now the indicator bases the calculation on SL and Take Profit lines and other methods, but I want to know only that.
I want to have a bigger font face that can be positioned XY or at any corner that will tell me how many lots I can trade to risk a given X percentage based on my balance. Current indicator's calculations work well, it also works on CFDs. I need the cut-down version to use the same calculations and working on all instruments, including, CFDs, indexes, forex, all instruments supported by MT4. This indicator does.
This shouldn't be a big problem since the code is already done. I just need to have the % displayed with bigger font at any corner with XY position, all the other options except %risk won't be needed.