MONEY MANAGEMENT · LOT SIZE · WAVE-BASED RISK · MT5
Every symbol has a natural wave size in pips. That wave is the natural unit of your stop-loss. Set how many waves your SL is and what % you want to risk – the calculator instantly tells you exactly how many lots to open. No manual calculations, no spreadsheets.
You do not set your SL in pips. You set it in Wave multiples. Because every instrument has its natural wave – and that is the correct unit for measuring risk.
You enter how many waves is your SL – e.g. 1.5. The calculator knows the current wave size for that symbol and converts it to pips. From pips, risk % and account size it calculates the exact lot size rounded to broker lot step.
Have an open position? The panel detects it automatically and shows direction (LONG/SHORT), open price, lot size, pip value for your volume, and the exact SL and TP price calculated from open price ± X waves × R/R ratio.
Risk %, SL Waves and R/R Ratio are changed with buttons directly in the panel – step ±0.1 or ±1.0. Instant recalculation on every click. No opening settings, no lost seconds when making decisions.
Two calculation modes – switch with a click. Equity includes current open P&L, Balance does not. For prop firms where the limit runs from equity this is a critical difference. The active base lights up green in the panel.
Toggle button in the panel enables/disables dashed lines on the chart. Red = SL price, green = TP price. Lines update automatically on every settings change – you see your risk visually directly on the price chart.
Licence compiled for your MT5 Account ID. Renewed every month.
Permanent licence for your MT5 Account ID. No recurring payments.
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MM Calculator is a calculation tool for money management. The recommended lot size is a calculation – not a trading signal or investment advice. Trading financial markets involves risk of total capital loss. Fox Wave QCW bears no responsibility for trading decisions made based on this tool.