collapse

Author Topic: Position Size Calculator (for manual trading)  (Read 15700 times)

Offline CanadianPsycho

  • Sr. Member
  • ****
  • Posts: 1071
  • Free markets are sexy
Position Size Calculator (for manual trading)
« on: October 22, 2017, 11:08:25 PM »
So I came across this really cool tool for manual trades and it looks like it's only ever gotten a quick mention on this forum several years ago in a separate topic. I'm talking about Position Size Calculator by earnforex.com. It's an indicator you can attach to a chart and input Entry, S/L and T/P targets along with risk levels and even your trade commission and it'll calculate the lot size you should be using in your trade.

You can get it for free from here by scrolling to the bottom of the extensive instructions page.

https://www.earnforex.com/metatrader-indicators/Position-Size-Calculator/

You can also download a script there which will let the indicator place your trade for you.

The indicator and the script are available for MT4 and MT5.

It's pretty nifty!

Oh, and important to note that if you want to use the script to execute a trade for you based off the lot size calculator, auto trading must be turned on in your mt4 terminal.
« Last Edit: October 23, 2017, 06:03:41 AM by CanadianPsycho »

Offline JuanG

  • Jr. Member
  • **
  • Posts: 13
  • All is possible
    • Forex market
Re: Position Size Calculator (for manual trading)
« Reply #1 on: November 14, 2017, 04:24:01 PM »
Thanks for the pisition calculator, I have one similar tools, I use how calculate the lot size you should be using in your trade is https://alpari.com/en/faq/trading_terms/calculating_value_of_pip/
Is interesting have one tools for I know how much is one pip in each entry in the market

Offline Paul.Trafford

  • Full Member
  • ***
  • Posts: 428
Re: Position Size Calculator (for manual trading)
« Reply #2 on: November 16, 2017, 03:03:40 PM »
So I came across this really cool tool for manual trades and it looks like it's only ever gotten a quick mention on this forum several years ago in a separate topic. I'm talking about Position Size Calculator by earnforex.com. It's an indicator you can attach to a chart and input Entry, S/L and T/P targets along with risk levels and even your trade commission and it'll calculate the lot size you should be using in your trade.

You can get it for free from here by scrolling to the bottom of the extensive instructions page.

https://www.earnforex.com/metatrader-indicators/Position-Size-Calculator/

You can also download a script there which will let the indicator place your trade for you.

The indicator and the script are available for MT4 and MT5.

It's pretty nifty!

Oh, and important to note that if you want to use the script to execute a trade for you based off the lot size calculator, auto trading must be turned on in your mt4 terminal.

Many thanks for sharing this ! Very useful. Cheers

Offline dvid

  • Newbie
  • *
  • Posts: 4
Re: Position Size Calculator (for manual trading)
« Reply #3 on: May 28, 2018, 12:12:37 PM »
Thanks for the calculator, it really saves time with position management.

Offline idave

  • Newbie
  • *
  • Posts: 4
Re: Position Size Calculator (for manual trading)
« Reply #4 on: June 02, 2018, 09:34:18 AM »
Thanks for the calculator, I have anther one which I use

https://www.myfxbook.com/en/forex-calculators/position-size

 

browse forum

* Recent Posts

Re: Outsidethebox HK Signals & PAMM funds by SJWkiller
[Yesterday at 05:24:40 PM]


Re: Pegasus FX by nwboater
[Yesterday at 01:52:31 PM]


Re: Your favourite car? by 2cuteEssence
[Yesterday at 11:12:10 AM]


Re: The Most Common Forex Myths by Loperte
[Yesterday at 09:32:09 AM]


Re: Pegasus FX by Pegasus FX
[Yesterday at 07:55:47 AM]


Re: Pegasus FX by nwboater
[Yesterday at 01:59:30 AM]


Re: Pegasus FX by Pegasus FX
[Yesterday at 01:31:24 AM]


Re: Outsidethebox HK Signals & PAMM funds by reinerh
[April 19, 2019, 05:48:27 PM]


Re: Outsidethebox HK Signals & PAMM funds by fxtyrant
[April 19, 2019, 04:10:22 PM]


Re: Outsidethebox HK Signals & PAMM funds by Nasdaq100
[April 19, 2019, 03:44:18 PM]