RiskSizer Panel Lite
RiskSizer Panel Lite is a risk management utility panel for MetaTrader 5 that calculates position sizes based on user-defined risk percentage and stop-loss distance. It provides a visual interface for traders to quickly determine appropriate lot sizes before placing trades, ensuring consistent risk per trade. The EA does not open positions itself but serves as a companion tool for manual or semi-automated trading.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA is not a strategy-based trading program but rather a position sizing calculator utility. Its core concept is to calculate suggested lot sizes by dividing the risked dollar amount (based on account balance/equity risk percentage) by the per-lot per-pip value, ensuring controlled risk exposure. Entry and exit conditions are not applicable since it does not generate trade signals. Position sizing is the primary function: it determines the appropriate volume so that the potential loss on any single trade does not exceed the user-specified percentage of account capital. Money management is standardized through a configurable risk percentage (typically 1%-3%), which enforces consistent risk per trade across all instruments. The tool's value lies in converting psychological risk control into a quantified calculation workflow, reducing manual computation errors and emotional trading decisions.
Strengths
- Quantifies risk control to prevent over-leveraging and account blow-ups
- Provides an intuitive graphical panel interface for easy operation and reduced manual calculation errors
- Works across all trading instruments with flexible risk percentage and stop-loss distance settings
Weaknesses
- Only calculates lot size without actual order placement capability, requiring manual trade execution
- Does not account for trading costs such as spread, slippage, and commission impact on actual risk
- Lacks monitoring of overall account risk exposure, focusing only on per-trade risk
Possible improvements
- Add one-click order button to directly apply calculated lot size to trade execution
- Implement account-level risk monitoring showing total exposure and maximum drawdown estimation
Risk assessment
Overall risk: Safe
- The tool does not open positions automatically, posing no automated trading risk
- Users may over-rely on calculated results while ignoring execution risks like market liquidity
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
RiskPercent | 1.0 | Risk per trade as balance percentage |
StopLossPips | 50 | Stop loss in points |
PanelX | 10 | Panel X coordinate position |
PanelY | 30 | Panel Y coordinate position |
FontSize | 10 | Panel font size |
PanelColor | C'240,240,240' | Panel background color |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.