How do you usually exeute trades calculated by Position Size Calculator?

  • Manually

    Votes: 4 12.9%
  • PSC-Trader script with a mouse click

    Votes: 4 12.9%
  • PSC-Trader with a keyboard shortcut

    Votes: 21 67.7%
  • Using third-party trading panel

    Votes: 2 6.5%
  • Other (please provide details)

    Votes: 0 0.0%

  • Total voters
    31

Enivid

Administrator
Staff member
Nov 30, 2008
15,679
741
144
Odessa
www.earnforex.com
@Napolean No, it works fine for indices. The problem here is that to get your target risk (or reward) it needs to open a trade with size greater than 2 but less than 3, whereas the lot step size at your broker is set to 1, so it is rounding it down to 2.
You can turn of rounding down (which I don't recommend), use a larger account, so your USD risk is higher and it is easier to get the right position size, or change a broker/account type to one with smaller lot step size.
 

Napolean

Trader
Sep 15, 2019
45
3
24
35
Thanks for the speedy reply.
So i just checked with my broker and they said that only MT5 have that non rounding system.
Edited for update
 
Last edited:

Shore34

Trader
Jul 10, 2018
4
0
22
37
It looks like this broker doesn't return correct SYMBOL_TRADE_CONTRACT_SIZE for its symbols to MQL5 programs.
As you can see on the screenshot, it returns the value as 39761.2:
View attachment 18280
While in reality it is 1000 as the symbol's specification shows it.
That's, unfortunately, a problem with many brokers. Without the correct contract size value, it is impossible to calculate the risk correctly.
Thanks Enivid for taking the extra effort to help me!
Really appreciated, buddy!
Yeah, without the correct contract size value, it is impossible to calculate the risk correctly. I will go back to my old broker.
 

ThomasL

Trader
Mar 25, 2021
3
0
7
52
I have an important improvement to make.
Pip value is not quite correct in the main board
should be spread times the pip value equal to the opening price for the position.
Otherwise, I have to calculate the price myself.
Then I can immediately see what it costs to open a position.
 

Enivid

Administrator
Staff member
Nov 30, 2008
15,679
741
144
Odessa
www.earnforex.com
I have an important improvement to make.
Pip value is not quite correct in the main board
should be spread times the pip value equal to the opening price for the position.
Otherwise, I have to calculate the price myself.
Then I can immediately see what it costs to open a position.
Sorry, but I don't understand. How exactly is pip value incorrect? And how can it depend on spread?
 

Napolean

Trader
Sep 15, 2019
45
3
24
35
Yes, there is a default TP input parameter.
I meant to say a way to show the TP line without specifying the price or points but based on whatever reward multiplier that has been assigned. It's because when i load the PSC, the SL will be based on the low of the candle, if i am to put the TP price or point, isn't that's going to be different than the set reward multiplier? An ideal situation is when i load the psc with the SL set automatically at the low of the candle, the TP would appear based on whatever RR that have been assigned, without pressing the Take-Profit button.
 

Enivid

Administrator
Staff member
Nov 30, 2008
15,679
741
144
Odessa
www.earnforex.com
I meant to say a way to show the TP line without specifying the price or points but based on whatever reward multiplier that has been assigned. It's because when i load the PSC, the SL will be based on the low of the candle, if i am to put the TP price or point, isn't that's going to be different than the set reward multiplier? An ideal situation is when i load the psc with the SL set automatically at the low of the candle, the TP would appear based on whatever RR that have been assigned, without pressing the Take-Profit button.
No, it can't do that. Actually, the SL at the low of the bar was a very random choice - it just puts the line somewhere where it is visible and can be moved to your actual stop-loss level. PSC isn't designed to suggest you to put your SL to the low of the current bar.
 

Napolean

Trader
Sep 15, 2019
45
3
24
35
No, it can't do that. Actually, the SL at the low of the bar was a very random choice - it just puts the line somewhere where it is visible and can be moved to your actual stop-loss level. PSC isn't designed to suggest you to put your SL to the low of the current bar.
A random choice that fits my trading strategy very much. Thanks anyways.