Position Size Calculator

Discussion in 'MetaTrader Indicators' started by Enivid, Mar 27, 2012.

  1. Poker_player

    Poker_player Active Trader

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    Does not work for stocks in robomarkets :(

    upload_2019-4-22_18-29-1.png

    risked 12 $ but I am down 460 even when opened smaller position.
     
    Enivid likes this.
  2. Enivid

    Enivid Administrator Staff Member

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    It looks like some brokers do not apply their contract size correctly to the tick value in their MT4 contract specifications - the same as sometimes happens in MT5.

    Please use the attached version and set UseCFDMultiplier to true. Please let me know if this works for you.
     

    Attached Files:

  3. LittleScratch

    LittleScratch Trader

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    Hi

    I use to use the bool UseMoneyInsteadOfPercentage = true; setting but it seems to have gone since upgrading from 2.17 to 2.21. I have had a search on the forum but cant see why, also have tried adding it back in as I see there is a double MoneyRisk = 250; but it doesnt seem to work.... what am I doing wrong?

    Sorry and thank you for all your hard work
     
  4. LittleScratch

    LittleScratch Trader

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    So sorry just seen it has been moved to line 108:
    sets.UseMoneyInsteadOfPercentage = true;

    My bad, carry on being awesome.....
     
    Enivid likes this.
  5. bader

    bader Trader

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    Thank you so much for making this indicator. My only request is if you can convert the indicator to an EA and add an order button to it. It's already saving me a lot of time and if it can also save me time placing the order, that would be perfect. Thanks again! It's the best indicator ever :)
     
    jagg likes this.
  6. Enivid

    Enivid Administrator Staff Member

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    I am not planning to convert Position Size Calculator to an expert advisor. You can use the PSC-Trader script to place the orders based on the PSC outputs. You can also set a hot-key for the script to make it work quicker. The script is available here:
    https://www.earnforex.com/metatrader-indicators/Position-Size-Calculator/#Trading_script
     
    jagg likes this.
  7. MrIvanGold

    MrIvanGold Trader

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    @Enivid thank you for the great work you are doing! This indicator is SUPER helpful!
    I wish you best of luck and lots of happiness in your life! You helped so many traders like me!

    Please consider adding Partial take profit target in this indicator as well, I think it also will extend its capabilities far and beyond! (like i wrote in account protector post )

    Thank you once again! Carry on being awesome!
     
    jagg likes this.
  8. Poker_player

    Poker_player Active Trader

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    Hello, I am now trying to learn new platform which good traders say is better than MT4 - pro real time. but it is hard to learn, and I am not sure if it does not have position size calculator or I just cant find.

    If it does not exist, maybe you can create it for that platform also? https://www.prorealtime.com/en/
     
  9. EnrichWave

    EnrichWave Active Trader

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    Dear @Enivid I hope you are doing well.

    [​IMG]
    there is fixed SL,TP distance in points only available. But if we have that option without fixed level, we can easily enter the points and can drag the line fast.

    Kind Regards

    PS: I found there is some time risk reward showing and hiding
    https://streamable.com/ui9i3
     
    Last edited: Jun 7, 2019
  10. Enivid

    Enivid Administrator Staff Member

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    It is showing when the Risk-to-Reward ratio calculate based on inputs differs from the Risk-to-Reward ratio calculated based on outputs. It is hiding when there is no difference.
     
  11. Enivid

    Enivid Administrator Staff Member

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    Following my experiment with Market Profile GitHub repository, I have decided to move (at least partially) the development of Position Size Calculator to its own GitHub repository for Position Size Calculator. I hope it will make code changes smoother and will let more people to contribute in a much deeper form - everyone is welcome to review the existing pull requests and initiate their own.

    Currently, the master branch there contains PSC version 2.21, which is the latest release (March 29) with the current pull request containing a number of changes suggested by @EnrichWave, @Denndy, @ozcoz, and other users.

    Please review the changes, test the indicator's new features, and let me know what you think via the pull request page or here.

    Thanks everyone!
     
    jagg and EnrichWave like this.
  12. EnrichWave

    EnrichWave Active Trader

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    I don't know much about GitHub, But most of the people speaks about that. All I want give good contribution for this hard development. I said before 1 year will give something in the middle of 2019 but as I'm suffering personally It'll take bit more 2-3 months.

    Dear friends and fellow traders. Please kindly do some contribution for this development. whether @Enivid ask for money or not. but it's our time to give something. friends do something as much as you can.

    Kind Regards
     
  13. recep

    recep Trader

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    hi, first of all thank you for the great work.i have been using position size calculator quite time its an must have tool for me.i moved my account to icmarkets and it seems psc doesnt work with their cfds.most of their cfds contract size is 1.tried the above version and set cfd multiplier to true but it didnt work too.any suggestions ?
     
  14. Enivid

    Enivid Administrator Staff Member

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    How exactly does it not work with their CFDs?
     
  15. recep

    recep Trader

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    for example jp225 index it always shows the positon size 250 lots.it doesnt uptade.tried the cfd multiplier true didnt do anything.
     
  16. Enivid

    Enivid Administrator Staff Member

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    OK. I will look into it.
     
  17. recep

    recep Trader

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    thank you for all your hard work, Enivid.
     
  18. EnrichWave

    EnrichWave Active Trader

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    I think it will work after you close the terminal and reopen. sometimes I also facing problems like this when I using with (Gold)XAUUSD.
     
  19. Enivid

    Enivid Administrator Staff Member

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    This happens because the IC Markets server returns profit currency for JP225 as JPY, however, in reality, it is in AUD, so the Position Size Calculator is calculating a size ~100 times greater than necessary. I am not sure how this can be solved from the indicator's code.
     
  20. Enivid

    Enivid Administrator Staff Member

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    OK, version 2.22 of Position Size Calculator is out on both EarnForex.com and GitHub. Please download, install, and let me know what you think. Thanks!
     
    jagg likes this.

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