Position Sizer

[Masoudfx]

There is a sound notification when the trade is opened. If you enable trade levels on your chart, you'll also see a line with your entry level when you open a position.

I have another suggestion: in one of the tabs, it would be very useful to display the following four metrics:

Total profit relative to the initial balance

Daily profit relative to the balance at the beginning of the day

Overall drawdown relative to the initial account balance

Daily drawdown relative to the balance at the beginning of the day


This would be extremely helpful for trade management, especially when working with prop firms.

 

[Enivid]

I have another suggestion: in one of the tabs, it would be very useful to display the following four metrics:

Total profit relative to the initial balance

Daily profit relative to the balance at the beginning of the day

Overall drawdown relative to the initial account balance

Daily drawdown relative to the balance at the beginning of the day


This would be extremely helpful for trade management, especially when working with prop firms.

That might be indeed useful, but I believe it is best solved by a separate tool, which can be an indicator in this case.

 

[mi-ko]

Hi, would it be possibleto add a "Hot Key" ( C ) to immediately close a position in the active window? It woud make trading much easier for me.

Thanks Milan

 

[Enivid]

Hi, would it be possibleto add a "Hot Key" ( C ) to immediately close a position in the active window? It woud make trading much easier for me.

Thanks Milan

View attachment 34204

Please use a position-closing script with a native MT5 hotkey for that.

 

[booshveg]

Hi, Thank you for your great tools. It works well on Forex pairs, however for indices (US500, US100, US30, ...) when SL hits, the loss amount is too less than actual one that is set with MaxEntrySLDistance (e.g. 2%) and the lot calculated lot size is wrong. If UseCommissionToSetTPDistance is chanegd to true, the calculated R:R (e.g. 1:4 on the attached image) is far from the actual one.

 

[Enivid]

Hi, Thank you for your great tools. It works well on Forex pairs, however for indices (US500, US100, US30, ...) when SL hits, the loss amount is too less than actual one that is set with MaxEntrySLDistance (e.g. 2%) and the lot calculated lot size is wrong.

Sorry. Could you please elaborate? What does MaxEntrySLDistance have to do with this? How is the calculated lot size wrong? Could you please show an example? The attached screenshot seems to be unrelated, no?

If UseCommissionToSetTPDistance is chanegd to true, the calculated R:R (e.g. 1:4 on the attached image) is far from the actual one.

Do the calculations on your own and you will arrive to the same numbers. If you don't want to, there are plenty of examples discussed in this thread - if you search for them, you'll understand why there's such a difference between the input and result RR when using commission to set the TP.

 

[booshveg]

Sorry, I made a mistake. By MaxEntrySLDistance, I meant Risk, %. As you can see on the attached image with 2 percent risk, the calculated lot size is 210.6, however the correct lot size is almost 505.667 .

 

[Enivid]

Sorry, I made a mistake. By MaxEntrySLDistance, I meant Risk, %. As you can see on the attached image with 2 percent risk, the calculated lot size is 210.6, however the correct lot size is almost 505.667 .

If you take a 505 lot trade with such a commission, you'll lose $3,535 just on the commission, which is already bigger than you risk amount. How did you arrive at such a position size value?

 

[booshveg]

If you take a 505 lot trade with such a commission, you'll lose $3,535 just on the commission, which is already bigger than you risk amount. How did you arrive at such a position size value?

That's with UseCommissionToSetTPDistance set to true, but with default setting (false), the calculated lot size should be 505.

 

[booshveg]

That's with UseCommissionToSetTPDistance set to true, but with default setting (false), the calculated lot size should be 505.

As you can find in the attached image with 2 percent risk, and set UseCommissionToSetTPDistance to true, the suggested lost size is 210, however with this lot size the total amount at risk is 1470 (commission) + 2528 = 3998 USD, which is 3.16% risk.

 

[Enivid]

That's with UseCommissionToSetTPDistance set to true, but with default setting (false), the calculated lot size should be 505.

The UseCommissionToSetTPDistance parameter doesn't affect the position size calculation. It only affects the automatic TP placement. If you want the Position Sizer to stop using commission in its position size calculations, you can just set the Commission field to zero.

As you can find in the attached image with 2 percent risk, and set UseCommissionToSetTPDistance to true, the suggested lost size is 210, however with this lot size the total amount at risk is 1470 (commission) + 2528 = 3998 USD, which is 3.16% risk.

That's not how it works. The risk (2527) already includes the commission, so it's like this: 1053 (stop-loss risk) + 1474.20 (commission) = 2527.2 total risk.

 

[MATTwithTT]

Hello! I am splitting my operation into two trades, but one is above the other. I want to know if it is possible to set the TP 2 line at the same price as TP 1, so that there is no separation between TP1 and TP2. Thank you in advance.

 

[Enivid]

Hello! I am splitting my operation into two trades, but one is above the other. I want to know if it is possible to set the TP 2 line at the same price as TP 1, so that there is no separation between TP1 and TP2. Thank you in advance.View attachment 34231

Yes, you can do that by changing the value of the second TP to the same as the first one.

 

[Andy1946]

Hi admin, I am using EA Position Sizer v3.11 in MT4. However, it keeps flashing. I also uninstalled and reinstalled it but it still happens. Is there any way to fix this?

View attachment Position Sizer v3.11 is flickering constantly.mp4

 

[Enivid]

Hi admin, I am using EA Position Sizer v3.11 in MT4. However, it keeps flashing. I also uninstalled and reinstalled it but it still happens. Is there any way to fix this?

View attachment 34250

Does this happen even when attaching the PS to a bare chart (without any other indicators)? What is the output in the Experts tab log when this happens? Which build of MT4 are you using?

 

[Andy1946]

Does this happen even when attaching the PS to a bare chart (without any other indicators)? What is the output in the Experts tab log when this happens? Which build of MT4 are you using?

Hi admin,
Does this happen even when PS is attached to a blank chart (without any other indicators)?
When attached to a blank chart, this does not happen.

When this happens, what does the log in the Expert tab show?
The EA tab does not show anything unusual.

What version of MT4 are you using?
Version: 4.00 build 1441 23 May 2025

 

[Enivid]

Hi admin,
Does this happen even when PS is attached to a blank chart (without any other indicators)?
When attached to a blank chart, this does not happen.

When this happens, what does the log in the Expert tab show?
The EA tab does not show anything unusual.

What version of MT4 are you using?
Version: 4.00 build 1441 23 May 2025

The reason could be some other indicator overloading the MetaTrader's chart object system with requests, which causes flickering. Try to disable other indicators one by one to find the culprit and then either try to optimize that indicator or find a better version of it.