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<\/p>\n
A free MetaTrader 4 Expert Advisor with on-chart risk calculator, ATR-based stop loss & take profit, and one-click trade execution.<\/p>\n
Free Download<\/span> MT4 EA<\/span> v2.02<\/span><\/p>\n<\/div>\n<\/div>\n <\/p>\n A draggable on-chart panel that calculates your position size, stop loss, and take profit based on ATR — then lets you execute the trade with one click.<\/p>\n<\/div>\n <\/p>\n Stop loss and take profit are calculated from the 14-period ATR plus spread. No guesswork — everything is based on actual volatility.<\/p>\n<\/div>\n Automatically calculates the correct lot size so you never risk more than 2% of your account balance on any single trade.<\/p>\n<\/div>\n Click EXECUTE BUY or EXECUTE SELL and the EA opens the trade with the calculated lot size, stop loss, and take profit — all set automatically.<\/p>\n<\/div>\n<\/div>\n <\/p>\n When you attach the EA to any chart, a dark panel appears showing real-time calculations. Here is what each field means:<\/p>\n <\/p>\n Step 1 —<\/strong> Download the file Step 2 —<\/strong> Open MetaTrader 4 and go to File → Open Data Folder<\/strong><\/p>\n Step 3 —<\/strong> Navigate to Step 4 —<\/strong> Back in MT4, open the Navigator<\/strong> panel (Ctrl+N)<\/p>\n Step 5 —<\/strong> Right-click on Expert Advisors<\/strong> and click Refresh<\/strong><\/p>\n Step 6 —<\/strong> Drag ST_RiskCalc<\/strong> onto any chart<\/p>\n<\/div>\n <\/p>\n Click the BUY<\/strong> or SELL<\/strong> button at the top of the panel. All values update instantly and horizontal lines (Entry, SL, TP) are drawn on the chart.<\/p>\n Check the lot size, SL\/TP prices, and actual risk amount. The panel updates on every tick so values always reflect the latest price.<\/p>\n When you are ready, click the EXECUTE BUY<\/strong> or EXECUTE SELL<\/strong> button. The EA will:<\/p>\n Click and drag the title bar<\/strong> (the dark bar at the top that says “ST Risk Calculator”) to reposition the panel anywhere on the chart.<\/p>\n Click Clear Lines<\/strong> to remove the Entry\/SL\/TP horizontal lines from the chart.<\/p>\n <\/p>\n All settings can be changed via F7<\/strong> (EA Properties → Inputs tab) while the EA is running.<\/p>\n <\/p>\n Stop Loss Distance<\/strong> = 0.5 × ATR(14) + Spread<\/p>\n Take Profit Distance<\/strong> = 3 × ATR(14) + Spread<\/p>\n For a BUY<\/strong>: SL = Ask − SL Distance, TP = Ask + TP Distance Risk Amount<\/strong> = Account Balance × 2%<\/p>\n Lot Size<\/strong> = Risk Amount ÷ (SL in points × Tick Value)<\/p>\n The result is rounded down to your broker’s lot step and clamped between the minimum and maximum lot size.<\/p>\n<\/div>\n <\/p>\n A 20-pip stop loss might be perfect for EURUSD but suicidal for GBPJPY. Fixed pip values ignore how much the pair actually moves.<\/p>\n<\/div>\n ATR measures real volatility. When markets are calm, your SL is tighter. When markets are wild, your SL widens to avoid noise. Same logic, every pair, every session.<\/p>\n<\/div>\n<\/div>\n <\/p>\n Your account balance is too small relative to the SL distance. The calculated lot comes out below the broker’s minimum (0.01), so it gets floored up. The Risk<\/strong> line shows your actual risk after this rounding — it will be below 2%. This is not a bug, it is your broker’s minimum lot size limit.<\/p>\n<\/details>\n Click the AutoTrading<\/strong> button in the MT4 toolbar (top of the screen). The icon should be green, not red. Also check that “Allow live trading” is ticked in the EA properties (press F7 → Common tab).<\/p>\n<\/details>\n Another EA on the same MT4 is currently executing a trade. MT4 only allows one trade operation at a time. Wait a moment and click Execute again.<\/p>\n<\/details>\n Yes. Each chart gets its own panel and calculations. The Magic Number input (default: 20260211) identifies this EA’s trades. If you want to track trades separately per chart, give each instance a different Magic Number in the Inputs tab.<\/p>\n<\/details>\n Yes. Press F7<\/strong> while the EA is on the chart, go to the Inputs<\/strong> tab. Change No.<\/strong> This is a manual trade tool. It only opens trades when you<\/em> click the Execute button. It does not scan for signals or trade on its own.<\/p>\n<\/details>\n The EA sets chart bars to draw behind panel objects so the panel text is readable. When you remove the EA from the chart, the original chart setting is restored. You can also drag the panel to a less obstructive position by clicking and dragging the title bar.<\/p>\n<\/details>\n Any instrument available in your MT4: forex pairs, gold (XAUUSD), silver (XAGUSD), indices, etc. The ATR and lot calculations adapt automatically to any symbol’s tick value, point size, and lot specifications.<\/p>\n<\/details>\n <\/p>\n Trading forex and CFDs involves substantial risk of loss. This tool helps with position sizing and trade execution but does not guarantee profits. Always trade with money you can afford to lose. Past performance is not indicative of future results. You are solely responsible for your trading decisions.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Free MetaTrader 4 EA with on-chart risk calculator, ATR-based stop loss and take profit, and one-click trade execution.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-110","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/comments?post=110"}],"version-history":[{"count":0,"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/pages\/110\/revisions"}],"wp:attachment":[{"href":"https:\/\/workinvestspend.com\/WIS\/wp-json\/wp\/v2\/media?parent=110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What Does It Do?<\/h2>\n
ATR-Based Levels<\/h3>\n
2% Risk Sizing<\/h3>\n
One-Click Execution<\/h3>\n
\nPanel Overview<\/h2>\n
\n\n
\n \nField<\/th>\n Description<\/th>\n<\/tr>\n<\/thead>\n \n ATR(14)<\/strong><\/td>\n The 14-period Average True Range in pips. This measures the pair’s recent volatility.<\/td>\n<\/tr>\n \n Spread<\/strong><\/td>\n Current broker spread in pips, included in all SL\/TP calculations.<\/td>\n<\/tr>\n \n Direction<\/strong><\/td>\n BUY or SELL — click the buttons at the top to switch.<\/td>\n<\/tr>\n \n Entry<\/strong><\/td>\n The entry price (Ask for BUY, Bid for SELL).<\/td>\n<\/tr>\n \n Stop Loss<\/strong><\/td>\n Calculated as: 0.5 × ATR + spread<\/code> from entry.<\/td>\n<\/tr>\n\n Take Profit<\/strong><\/td>\n Calculated as: 3 × ATR + spread<\/code> from entry.<\/td>\n<\/tr>\n\n SL Pips<\/strong><\/td>\n Stop loss distance in pips.<\/td>\n<\/tr>\n \n TP Pips<\/strong><\/td>\n Take profit distance in pips.<\/td>\n<\/tr>\n \n Lot Size<\/strong><\/td>\n Position size calculated from your risk % and SL distance. Rounded down to your broker’s lot step.<\/td>\n<\/tr>\n \n Risk<\/strong><\/td>\n Actual dollar risk and percentage after lot rounding. May be less than 2% if lot hits the 0.01 minimum.<\/td>\n<\/tr>\n \n R:R Ratio<\/strong><\/td>\n Reward-to-risk ratio. Default settings give approximately 1:5.7.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
\nHow to Install<\/h2>\n
ST_RiskCalc.mq4<\/code><\/p>\nMQL4\/Experts\/<\/code> and paste the file there<\/p>\n
\nHow to Use<\/h2>\n
1. Choose Direction<\/h3>\n
2. Review the Calculation<\/h3>\n
3. Execute the Trade<\/h3>\n
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4. Move the Panel<\/h3>\n
5. Clear Lines<\/h3>\n
\nDefault Settings<\/h2>\n
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\n \nSetting<\/th>\n Default<\/th>\n Description<\/th>\n<\/tr>\n<\/thead>\n \n ATR Period<\/td>\n 14<\/td>\n Number of bars for ATR calculation<\/td>\n<\/tr>\n \n Risk Percent<\/td>\n 2.0%<\/td>\n Percentage of account balance to risk per trade<\/td>\n<\/tr>\n \n SL ATR Multiplier<\/td>\n 0.5<\/td>\n Stop loss = this × ATR + spread<\/td>\n<\/tr>\n \n TP ATR Multiplier<\/td>\n 3.0<\/td>\n Take profit = this × ATR + spread<\/td>\n<\/tr>\n \n ATR Timeframe<\/td>\n Current chart<\/td>\n Timeframe for ATR calculation (can use H4 on M5 chart, etc.)<\/td>\n<\/tr>\n \n Slippage<\/td>\n 2.0 pips<\/td>\n Maximum allowed slippage for order execution<\/td>\n<\/tr>\n \n Magic Number<\/td>\n 20260211<\/td>\n Unique identifier for this EA’s trades<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
\nHow the Math Works<\/h2>\n
SL & TP Formulas<\/h3>\n
\nFor a SELL<\/strong>: SL = Bid + SL Distance, TP = Bid − TP Distance<\/p>\nLot Size Formula<\/h3>\n
\nWhy Use ATR for Stop Loss & Take Profit?<\/h2>\n
Fixed Pips = Bad<\/h3>\n
ATR = Adaptive<\/h3>\n
\nFrequently Asked Questions<\/h2>\n
Why is my lot size stuck at 0.01?<\/summary>\n
I get “AutoTrading is disabled” when I click Execute<\/summary>\n
I get “Trade context busy – try again”<\/summary>\n
Can I use this on multiple charts at the same time?<\/summary>\n
Can I change the SL\/TP multipliers?<\/summary>\n
SL_ATR_Mult<\/code> (default 0.5) and TP_ATR_Mult<\/code> (default 3.0) to whatever you like. For example, SL_ATR_Mult = 1.0 gives a wider stop, TP_ATR_Mult = 2.0 gives a closer target.<\/p>\n<\/details>\nDoes this EA trade automatically?<\/summary>\n
Why does the panel cover the candles?<\/summary>\n
What pairs and instruments does this work on?<\/summary>\n
\nRisk Warning<\/h3>\n