More than four years have passed since I’ve introduced my online position size calculator for EarnForex.com visitors. Since then it became very popular. A poll shows that about ¼ of this blog’s readers frequently use online Forex calculators, while Google Analytics shows that the current position size calculator form is the 4th most popular destination on EarnForex.com.
OK, enough with the introduction. Today, I’d like to present the position size calculator for MetaTrader — an automated tool that can be added to any MT4 or MT5 chart and be used
Some features of this MetaTrader tool:
- Use either account balance or account equity to calculate position size.
- Change entry/
stop-losspoints simply by dragging the lines on chart.
- Doesn’t consume much CPU resources.
- Automatic reference pair detection rate fetching (may be buggy, especially for
- Great potential for customization and enhancements.
You can download the code of the MT5 and MT4 versions or read more info about this handy calculator tool.
If you find any bugs in this MetaTrader indicator or if you have some feature suggestions, please post them using the commentary form below.