Position Size Calculator

[falcontruong]

PSC isn't an EA. It's an indicator, so it cannot place orders directly.

pardon me for newbie question, Why didn't you make an EA instead of combination of an Indicator and a script?

 

[Enivid]

hi, i've been used this tool for few months, it's pretty convenient .thank you
i have a suggestion that maybe is a good idea to earn more.
i stick to the risk reward ,so i wonder if there possible to update the pending order function that entry price set automatically by the manually set tp and sl , and risk reward ratio which was presetted.

I understand what you mean. I will consider implementing that, but it looks like it is a rather difficult thing to accomplish in a good way.

 

[Enivid]

Thank you for your quick response, Enivid!
The chart window shows the symbol without the suffix.

Edit: After looking at the "new chart" options, there are 2 of the major pairs, one without the suffix at the top level and another one, under "Instruments-5" with the suffix. When I selected the one with the suffix, the script now works.
It was confusing, but I got it now.

Which broker has such a confusing setup?

 

[Enivid]

pardon me for newbie question, Why didn't you make an EA instead of combination of an Indicator and a script?

Two reasons:

1. The indicator came first with its main purpose to calculate and show the position size, which could be used in a trade on a different platform. The trading script was developed much later.
2. The initial choice of making it indicator was based on the fact that making it an EA would prevent loading any other EA on the same chart.

Right now most of the stuff with trailing stop and breakeven can be accomplished by using the Account Protector EA on the same the chart.

 

[tigran]

Which broker has such a confusing setup?

I'm testing out Oanda - I'm using the practice/demo account for now, so perhaps they have different symbol per account type.
I'm new to FX so can use recommendations for a broker - looking for tight spread with a fixed commission option.

 

[Mio]

It's possible to create a TP Multiplier for Take-profit 2, Take-profit 3, Take-profit 4, etc?
At moment, the TP Multiplier is only working at the default take-profit, so for example, I have 3 targets and I want to change my stop position:
auto-locked TP will change the first default one, but the other two remain randomly placed.

 

[Enivid]

It's possible to create a TP Multiplier for Take-profit 2, Take-profit 3, Take-profit 4, etc?
At moment, the TP Multiplier is only working at the default take-profit, so for example, I have 3 targets and I want to change my stop position:
auto-locked TP will change the first default one, but the other two remain randomly placed.

There are buttons on the Script tab for quick placement of the multiple TPs.

 

[Mio]

There are buttons on the Script tab for quick placement of the multiple TPs.

Not the same, I want my multiples TP to be 10x my SL. It doesn't work, only the default TP is multiplied with "TP Multiplier".
The Script tab only allows me to change the TPs value manually, which is painful to do every time when I modify my stop :c

 

[Enivid]

Not the same, I want my multiples TP to be 10x my SL. It doesn't work, only the default TP is multiplied with "TP Multiplier".
The Script tab only allows me to change the TPs value manually, which is painful to do every time when I modify my stop :c

You want all your multiple TPs set to the same value?

 

[Mio]

You want all your multiple TPs set to the same value?

Nope, just an example. Would be great to have the multiplier option per take-profit.

 

[Enivid]

Nope, just an example. Would be great to have the multiplier option per take-profit.

Did you try these buttons?

 

[Rexi359]

THANK YOU FOR THE SHARED CODE, I HAVE A QUESTION:
HOW TO COMPILE IN MT4 SOURCE CODE IN WHICH THE NAMES CONTAIN "."

 

[Enivid]

THANK YOU FOR THE SHARED CODE, I HAVE A QUESTION:
HOW TO COMPILE IN MT4 SOURCE CODE IN WHICH THE NAMES CONTAIN "."

What do you mean? MT4 can compile files with dots in the name.

 

[Kingsman37]

Tôi sử dụng MT4 cho giao dịch nhưng khi sử dụng PSC-trade thì gặp lỗi như hình. Mong sự giúp đỡ

TRANSLATION: I use MT4 for trading but when using PSC-trade, I get an error as shown. Hoping for help

Post automatically merged: May 15, 2022

 

[Enivid]

Tôi sử dụng MT4 cho giao dịch nhưng khi sử dụng PSC-trade thì gặp lỗi như hình. Mong sự giúp đỡ

TRANSLATION: I use MT4 for trading but when using PSC-trade, I get an error as shown. Hoping for help

Post automatically merged: May 15, 2022

Did you upgrade from a previous version of PSC? Try removing the indicator, then clearing all chart objects (Ctrl+B, select all, delete).

PS: Please use Google Translate to post in English next time. We do not allow non-English messages in English-language threads.

 

[Kingsman37]

Did you upgrade from a previous version of PSC? Try removing the indicator, then clearing all chart objects (Ctrl+B, select all, delete).

PS: Please use Google Translate to post in English next time. We do not allow non-English messages in English-language threads.

Thank you very much. I removed all the indicator and it was successful. Have a nice evening

 

[Armin]

Did you upgrade from a previous version of PSC? Try removing the indicator, then clearing all chart objects (Ctrl+B, select all, delete).

PS: Please use Google Translate to post in English next time. We do not allow non-English messages in English-language threads.

Hello, thank you for your very good indicator
I wanted to ask if it is possible to limit the number of open trades at a time to avoid over-trading. For example, we can not open more than five trades with one magic number. Or there is a limit to the maximum risk of open trades.

 

[Enivid]

Hello, thank you for your very good indicator
I wanted to ask if it is possible to limit the number of open trades at a time to avoid over-trading. For example, we can not open more than five trades with one magic number. Or there is a limit to the maximum risk of open trades.

The closest thing to that is the "Subtract open positions volume" checkbox on the Script tab, which can be used to subtract the volume of the currently open trades from the calculated position size before opening a trade.

 

[Armin]

The closest thing to that is the "Subtract open positions volume" checkbox on the Script tab, which can be used to subtract the volume of the currently open trades from the calculated position size before opening a trade.

Thank you very much for your answer. Is it possible to add such a feature, ie to limit the number of positions?

 

[Enivid]

Thank you very much for your answer. Is it possible to add such a feature, ie to limit the number of positions?

It is definitely possible. I will consider adding it in the next version of the calculator.