MM % volatility – script MetaTrader 4

Lot calculation and position opening by market with the consideration of the asset volatility. StopLoss is set automatically, TakeProfit – on demand, as a multiple of R.

LotSize:=RiskAmount/(PointPrice*StopLossPoints);
RiskAmount:=FreeMargin*RiskPercent/100;
StopLossPoints:=kATR*ATR(TimeFrame,RiskAtrPeriod)/PointSize;
TakeProfitPoints:=StopLossPoints*ProfitToLossRatio.

The working function is Trade, in the Trade.mq4 library file. Declaration:

int Trade(string smb, int TimeFrame, int cmd, bool ShowQ, int Slippage, bool SetProfit, double MaxRiskPercent, int RiskAtrPeriod, double RiskMulATR, double ProfitToLossRatio), where:

smb – name of the asset;
TimeFrame – used to determine the StopLossPoints;
cmd – OP_BUY or OP_SELL;
ShowQ – display the dialog asking confirmation (False – no dialog);
Slippage – slippage in points;
SetProfit – if True – the TakeProfit will be specified in the orders;
MaxRiskPercent – % FreeMargin, allowed to risk (2% – classic, 5% – aggressive, higher – based on luck);
RiskAtrPeriod – the number of last bars to calculate the true range (21 is sufficient);
RiskMulATR – to determine the StopLossPoints;
ProfitToLossRatio – multiplicity of R (for example, 5).

Attached scripts:
Buy.mq4/Sell.mq4 – buy/sell the current asset, timeframe, with confirmation dialog, slippage of 1 point, 2% risk, RiskAtrPeriod=21, RiskMulATR=1, ProfitToLossRatio=10;
Buy_nonQuery.mq4/Sell_nonQuery.mq4 – the same settings, but without the dialog and with slippage=0.

How to install:
Trade.mqh – copy to the ‘include’ subdirectory of the ‘experts’ directory of the MetaTrader root folder;
Trade.mq4 – copy to the ‘libraries’ subdirectory of the ‘experts’ directory of the MetaTrader root folder and compile;
Buy.mq4, Buy_nonQuery.mq4, Sell.mq4, Sell_nonQuery.mq4 – copy to the ‘scripts’ subdirectory of the ‘experts’ directory of the MetaTrader root folder and compile.