Free MT5 indicators for every trader
Two tools traders use every day, free for MetaTrader 5, with the source code included. Enter your email and the download starts right away.
Position size, on your chart
Drag the red stop line; the panel shows the lot for your risk (1% of the balance by default, or a fixed amount), the money at risk, the stop distance and a 2R target line. It uses your broker's own tick value, so forex, gold, indices and crypto CFDs are right on your broker.
Trading sessions
Asia, London and New York boxes on intraday charts, each with its high, low and range in pips. Hours are set in UTC and converted to your broker's clock.
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How to install
- In MetaTrader 5: File, then Open Data Folder.
- Open MQL5, then Indicators, and copy the two .ex5 files there.
- Back in MetaTrader 5, right-click Indicators in the Navigator and choose Refresh.
- Drag KT_PositionSize or KT_Sessions onto a chart; change the settings in the Inputs tab.
Tested in the MetaTrader 5 Strategy Tester on XAUUSD: the lot on the panel matched an independent calculation from the same stop. The indicators only draw; they never open, change or close a trade.
Questions
Does the position size indicator work for gold and indices?
Yes. It uses your broker's own tick value and tick size for the symbol on the chart, so the lot size is right for forex, gold, indices and crypto CFDs on that broker. Spread and commission are not included.
Can I see the code?
Yes, the .mq5 source files are in the pack. Open them in MetaEditor.
Prefer the browser?
The same tools run online with no account: the lot size calculator, the trading journal and the economic calendar.