Is there any automatic lot size calculator for MT5?

I accidentally typed the wrong SL pips into the MyFxBook position size calculation, and by the time I realized what my lot size would be, I had missed the entry, which resulted in a 5rr trade loss.

I was wondering if there were any tools that would compute your lot size instantly, as in TradingView, as it is quite aggravating and slows me down to calculate my lots. This is not the only time it has happened.

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Yes, MetaTrader 5 MT5 has a number of built-in lot size calculators. Using their risk management guidelines as a guide, these calculators assist traders in figuring out the best lot size for their transactions.

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Built-in tools and indicators in MetaTrader 5 can help with lot size calculation and risk management. Calculator for Trade Volume: To find the right lot size for your transaction, use the trade volume calculator in MT5 by entering the currency pair, stop loss level, risk percentage, and account balance.

A position size calculator for the moving average on YouTube functions as a professional counselor on mt4. I’m not sure if it is compatible with MTK.
It’s visible on your chart. It calculates lot sizes for you when you choose your risk percentage or dollar risk, buy or sell, set your stop loss and take profit, and click “send order.”

I’ve faced similar frustration with calculating lot sizes and missed trades due to errors. To streamline this, I found that using tools like the “Position Size Calculator” in MetaTrader or TradingView can be a real game-changer. These tools instantly compute your lot size based on your stop loss, risk percentage, and account balance, helping to avoid mistakes and speed up your trading process. I’ve also used third-party calculators and trading apps that integrate with my broker, providing instant calculations and reducing the risk of missing out on trades. These solutions have made managing trades much more efficient for me.