Introduction
Welcome to the no-nonsense guide on using the Calculator of Lot Size trading robot. As someone not easily impressed, I can say that this tool, despite the hype, does have some utility. However, don't expect any silver bullets here. With a user rating of 4.67, let's explore how to install, configure, and get the best out of this trading robot while keeping a skeptical eye.Installation and Setup
Installing the Calculator of Lot Size is as straightforward as it gets, but let's break it down:- Download the EA: Head to the official website and get your hands on the .ex4 file.
- Open MT4/MT5: Launch your preferred trading platform.
- Navigate to 'File': Go to 'Open Data Folder', then proceed to 'MQL4/MQL5' > 'Experts'.
- Paste the File: Place the downloaded .ex4 file into the 'Experts' folder.
- Restart MT4/MT5: Close and reopen your trading platform.
- Attach to Chart: Drag and drop the Calculator of Lot Size from the 'Navigator' panel onto your desired chart.
- Configure Inputs: Adjust settings such as risk percentage, account balance, and other preferences to fit your trading style.
Despite its utility, you might encounter a few hiccups, particularly with changing time frames. A common complaint is the robot reverting to default settings every time the timeframe is modified.
Experience of Using the Robot
Mixed bag, really. Some users like Tony Christian Mounibou Robilalao and iDD sing praises, claiming it's one of the best tools they've used. On the flip side, you've got folks like Sammy DECLAN who can't even get it to update, let alone function. And then there's tatorenato, who finds it useful but annoying due to its habit of resetting on timeframe changes.From my own experience, the tool saves time and effort in calculating lot sizes, especially if you have a streamlined manual trading practice. But don't expect it to do all the heavy lifting—it's a tool, not a miracle worker.
Tips for Improvement
If you're hell-bent on squeezing the most out of this tool, here are a few tips:- Stay Updated: Always use the latest version to avoid bugs and glitches.
- Backup Settings: If it's resetting on timeframe changes, consider writing down or screenshotting your preferred settings.
- Customize Inputs: Tailor the risk percentage and other inputs to your specific trading strategy.
- Feedback Loop: Report issues to the developer's forum. Community-driven improvements are always a good thing.
Source Code of Calculator of Lot Size
We don't have the original source code for the Calculator of Lot Size robot sold on MQL5, and frankly, I don't think anyone will just hand it over. However, based on its description, we can create a similar EA. If you're comfortable with MQL5, jump over to easytradingforum.com where you can interact with other traders who might have shared their own versions.
Code:
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