EA LAB

EA LAB

MT5 Robot Lab
Position Sizer

Position Sizer

EarnForex
+
+

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About

EA LAB (also known as MT5 Robot Lab) develops configurable Expert Advisors (EAs) for MetaTrader 5. Its robot library covers multiple rule-based trading approaches, with product pages describing strategy logic, entry and exit rules, filters, risk controls, configuration inputs, installation, licensing and product-specific limitations. Users can install an EA in MT5, adjust its settings, run historical tests in the MT5 Strategy Tester and review example reports before evaluating a configuration on demo. EA LAB also provides educational material about trading strategies, backtesting, optimization and risk. Features, release readiness, documentation and pricing differ by robot. EA LAB provides software and educational information; it does not manage trading accounts or promise returns. Trading involves risk, including loss of capital, and historical results do not guarantee future performance.

About

Position Sizer is a trading panel expert advisor that lets you calculate the position size for your trades based on your risk tolerance, stop-loss, and the trading instrument you are working with. You can execute trades using the panel's interface and keyboard shortcuts. Version of Position Sizer are available for MetaTrader 4 and MetaTrader 5. It also offer multiple additional features, such as margin calculation, swap calculation, risk calculation, breakeven, and trailing stop. There are multiple customization options to configure the calculator according to your trading strategy and the conditions imposed by your broker (or your prop firm). Position Sizer's panel preserves your settings through change of timeframe or currency pair and turning the platform on/off.

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Supported
Mac Not Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

MetaTrader 5 users researching rule-based Expert Advisors, configurable automated trading strategies and independent backtesting.

Audience

Traders in Forex, CFD, futures, indices, and stocks

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

€0
Free MT5 robots are available, and paid robots are priced individually. The Annual Library Pass costs €395.00 for 12 months of access. TradingView and cTrader adaptations cost €24.95 per robot per platform.
Free Version Supported
Free Trial Not Supported

Pricing

$0
Free and open-source
Free Version Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.8 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • position sizer makes sticking to firm risk limits effortless. calculates every trade down to the decimal perfect for prop account restrictions
  • i like how position sizer simplifies trade planning. perfect risk control and margin calculations no mistakes even on volatile pairs.
  • position sizer keeps my risk consistent on every trade. no more guessing lot sizes — i just set my stop loss and risk %, and it does the math perfectly.
  • Easy to use and install - couldn't be without it now. Lots of video instructions on youtube about how to use and install - please look up if you get stuck!

Cons

  • switching between instruments takes a few seconds longer than expected.
  • I would love a dark mode option for night sessions.
  • took me a bit to adjust the broker settings right, but once done, it’s smooth.
  • Didn't come precompiled. Video on their download page shows you how to compile and it takes 30 seconds so not really a con but the only downside I could think of.

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

MT5 Robot Lab
Poland
ea-lab.dev/

Company Information

EarnForex
Founded: 2005
France
www.earnforex.com

Alternatives

Alternatives

Categories

Forex Robots Supported

Categories

Integrations

MetaTrader 5 Supported
MetaTrader 4 Not Supported

Integrations

MetaTrader 5 Supported
MetaTrader 4 Supported
Claim EA LAB and update features and information
Claim EA LAB and update features and information
Claim Position Sizer and update features and information
Claim Position Sizer and update features and information