Enivid

Administrator
Staff member
Nov 30, 2008
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Odessa
www.earnforex.com
An interesting parameter to add would be, in my opinion, the risk per day or risk portfolio.

As you have the risk per trade, for instance, 0,5 %, the risk per day in my case is 3 %, that means I can only have 6 trades opened at the same time. If I wish to open more, I would have to confirm I wish to open a new one.
There is a current/potential portfolio risk in the Risk tab. It is also possible to calculate the position size based on the current balance minus the current portfolio risk.
 

iar69822

Trader
May 21, 2020
5
0
6
50
Yes, sure, but you cant adjust the parameter, can I. And it is in another Tab. I suggest to place in the Main Tab another input Risk % Dayly to set the value you wish
 

Tradgod

Newbie
May 23, 2020
4
0
1
39
Hi,
I have a problem.
I have been using the Position Size Calculator for over a year on MT4 and love it, never had a problem. I'm now using MT5 as well, and I tried to set up the PSC in the MT5 terminal, but I'm getting some strange results. In the screen shot I have MT4 working correctly (LEFT), and MT5 (RIGHT). The broker is the same, the security is the same, the parameters are the same, but the results are very different. Have you seen this before? I believe the installation was successful. I don't understand.
Thanks in advance.


MT4 5 pos calc.PNG
 

Tradgod

Newbie
May 23, 2020
4
0
1
39
Thanks for the reply. I tried again in MT5 with US500 and then with EURUSD. It appears to work with EURUSD... I think.
experts1.PNG
 

Tradgod

Newbie
May 23, 2020
4
0
1
39
Could you please check if GBPUSD is in the Market Watch? If not, try adding it there.
GBPUSD is already in Market Watch unfortunately. All the majors are.
FYI I get a similar error when I try with other world indices (AUS200 I get an AUD GBP error).
UK100 which is priced in GBP works fine.....
 

Enivid

Administrator
Staff member
Nov 30, 2008
13,192
551
144
Odessa
www.earnforex.com
GBPUSD is already in Market Watch unfortunately. All the majors are.
FYI I get a similar error when I try with other world indices (AUS200 I get an AUD GBP error).
UK100 which is priced in GBP works fine.....
I only have a USD MT5 demo account with Pepperstone - it won't allow me to open another one. USD account works fine with AUS200. I also tried GBP account with ICMarkets MT5 with a US500 index - also works fine.

Could you please share your Pepperstone MT5 GBP demo account credentials with me, so I could try to debug the problem?
 

Tradgod

Newbie
May 23, 2020
4
0
1
39
I only have a USD MT5 demo account with Pepperstone - it won't allow me to open another one. USD account works fine with AUS200. I also tried GBP account with ICMarkets MT5 with a US500 index - also works fine.

Could you please share your Pepperstone MT5 GBP demo account credentials with me, so I could try to debug the problem?
I sent you a PM.
 

iar69822

Trader
May 21, 2020
5
0
6
50
There is a current/potential portfolio risk in the Risk tab. It is also possible to calculate the position size based on the current balance minus the current portfolio risk.
One ot the main reasons a trader is not profitable is because it takes a higher rish than he should take. The parameter risk per trade, in percentaje or as a fixed amount, is a well known prarameter. But what it is forgotten almost ever is the total risk you take per day. In courses, books and seminars about money management is not so usual to hear about the risk protfolio or risk per day. Bennet McDowell, considered as the bible of money management, insists a lot in this point. Since I started to use it, my results improve over 20 %.

In any case, your indicator is so complete and works so well and easy , it was just a suggestion to improve just a detail.

I dont know if you have considered any time to calculate the position size with ATR, as the famous turtles sytem does. The idea is to take bigger positions in less volatile markets and lower positions in volatile markets. It is a way very efeectively to manage the risk.

A doubt: I dont understand, sorry, the difference among them. Would you be so kind to explain please?

Current portfolio risk (currency) — shows the risk in currency units without the position, which is currently being calculated by this indicator.

Potential portfolio risk (currency) — shows the risk in currency units as if you have already opened a position, which is currently calculated by this indicator.

Current portfolio risk (%) — same as Current portfolio risk (currency) but in percentage to the account size.

Potential portfolio risk (%) — same as Potential portfolio risk (currency) but in percentage to the account size.

Current portfolio reward (currency) — shows the reward in currency units without the position, which is currently being calculated by this indicator.

Potential portfolio reward (currency) — shows the reward in currency units as if you have already opened a position, which is currently calculated by this indicator.

Anyway, an amazing tool and a very useful website I am very fond of it.

Thanks for you contributions!.

Kind regards and hapy trading,

Inigo
 

Enivid

Administrator
Staff member
Nov 30, 2008
13,192
551
144
Odessa
www.earnforex.com
A doubt: I dont understand, sorry, the difference among them. Would you be so kind to explain please?
I am not sure how to explain it better than it is there. Current is the total risk you have now from your open positions, Potential is Current + What is calculated on the Main tab of PSC.