Is there any ea which exist that auto sets your lot size based on risk % attached to number of pips stop?

<p id="isPasted">Have a look at FX Synergy, it has exactly that.</p><p>There is also a free tool on the website but don't know if it will do what you want.</p>

<p id="isPasted">Yes, EAs (Expert Advisors) and automated position sizing tools exist that automatically calculate and set your lot size based on a defined percentage of risk per trade and the number of pips in your stop-loss. These tools help to automate risk management, ensuring consistent position sizing that protects your account balance by adjusting the lot size to the specified risk percentage and stop distance. You can typically find these EAs on platforms like YouTube or through broker-provided tools and calculators. &nbsp;</p><p>How they work</p><p>Enter Risk Percentage: You input the maximum percentage of your account balance you are willing to lose on a single trade.&nbsp;</p><p>Set Stop-Loss in Pips: You define your stop-loss distance in pips.&nbsp;</p><p>Account Balance: The EA uses your current account balance to calculate the dollar amount of risk for that trade.&nbsp;</p><p>Lot Size Calculation: The EA performs the calculation: Lot Size = (Risk Amount in USD) / (Stop Loss in Pips * Pip Value). It then automatically adjusts the position size accordingly.&nbsp;</p><p>Benefits of using an EA for lot sizing</p><p>Automated Risk Management: Eliminates manual calculations, reducing the risk of human error.&nbsp;</p><p>Consistency: Ensures that every trade adheres to your predetermined risk strategy.&nbsp;</p><p>Protection of Account Balance: Prevents over-leveraging and keeps losses within acceptable limits, allowing for potential growth.&nbsp;</p><p>Simplicity: Simplifies the complex task of position sizing, making it accessible to traders of all experience levels.&nbsp;</p><p>Where can you find them</p><p>Expert Advisor (EA) Marketplaces: You can often find specialized EAs for automated lot sizing on trading forums or platforms.&nbsp;</p><p>Broker Tools: Many forex brokers offer their own free position size calculators or EAs to help their clients with risk management.&nbsp;</p><p>Third-Party Platforms: Various websites and platforms provide free tools and calculators to help traders determine lot sizes.&nbsp;</p>