Position Size Calculator
- Thread starter Enivid
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Very, Very pleased - excellent job - Thank You
Except . . . . Where's the TakeProfit ?
H'mmm
The Entry Lvl and Stop-Loss sort themselves out (Blue & Green)
I added and named the Yellow TakeProfitLine - Which works - in so much as it effects the calculations when moved.
But it should be showing in what is a Black Gap between Stop-Loss and Acc. Balance
I have looked in MetaEditor but can find fault
Trying to remember what that software is called when you put two codes side by side for comparison - Can you remind me - Thank you
I noticed that you changed line 13 to #property indicator_separate_window But what else did you do - for future reference
I added the Volume Window as a test
For those wondering what this achieves - This is the dormant indi - MUCH BETTER
I actually forgot before taking the s/s But you can drag the 3 lines off screen when not in use
Ah Ha I see it now . . . Is this - line 48 - extern int subwindow = 1; // Subwindow number the magic piece I needed for my attempt?
.
Except . . . . Where's the TakeProfit ?
H'mmm
The Entry Lvl and Stop-Loss sort themselves out (Blue & Green)
I added and named the Yellow TakeProfitLine - Which works - in so much as it effects the calculations when moved.
But it should be showing in what is a Black Gap between Stop-Loss and Acc. Balance
I have looked in MetaEditor but can find fault
Trying to remember what that software is called when you put two codes side by side for comparison - Can you remind me - Thank you
I noticed that you changed line 13 to #property indicator_separate_window But what else did you do - for future reference
I added the Volume Window as a test
For those wondering what this achieves - This is the dormant indi - MUCH BETTER
I actually forgot before taking the s/s But you can drag the 3 lines off screen when not in use
Ah Ha I see it now . . . Is this - line 48 - extern int subwindow = 1; // Subwindow number the magic piece I needed for my attempt?
.
Looking Good
CHFJPY Looking Good - Although personally I will be changing the EntryLevel from Blue To Aqua and
the StopLoss to Lime and because I Spread Bet I will be changing Pos. Size to BetSize
But that's just me !
USDZAR Looking Good
GOLD Looking Good
NZDUSD Something Wrong
NO MORE IMAGES ALLOWED - SO PROCEED TO MY REPLY
.
CHFJPY Looking Good - Although personally I will be changing the EntryLevel from Blue To Aqua and
the StopLoss to Lime and because I Spread Bet I will be changing Pos. Size to BetSize
But that's just me !
USDZAR Looking Good
GOLD Looking Good
NZDUSD Something Wrong
NO MORE IMAGES ALLOWED - SO PROCEED TO MY REPLY
.
TakeProfitLine
NZDUSD - Add a TakeProfitLine
NZDUSD - Enter TakeProfitLine into Inputs
NZDUSD - Voila - Just move the TakeProfitLine to get rid of the Invalid TP message
NZDUSD - Looking Good
.
NZDUSD - Add a TakeProfitLine
NZDUSD - Enter TakeProfitLine into Inputs
NZDUSD - Voila - Just move the TakeProfitLine to get rid of the Invalid TP message
NZDUSD - Looking Good
.
Known Problems To Be Aware Of
1) You CANNOT add to a template and expect it to work
2) If it loads badly
Delete Indicator - Right click on chart and select Objects List - Select the three lines and Delete them.
They seem to hang - for whatever reason !
Then try again
3) With most pairs there is NO PROBLEM
But for whatever reason on some you have to manually install the TakeProfitLine (see my previous post)
4) This indicator MUST be installed FIRST in any secondary window.
******************************************************************************************************************************
******************************************************************************************************************************
Sorry Enevid BUT this The code changes were to the ObjectCreate() calls to add a subwindow. means nothing to me - Is it not possible to tell me what needs adding
*******************************************************************************************************************************
*******************************************************************************************************************************
.
1) You CANNOT add to a template and expect it to work
2) If it loads badly
Delete Indicator - Right click on chart and select Objects List - Select the three lines and Delete them.
They seem to hang - for whatever reason !
Then try again
3) With most pairs there is NO PROBLEM
But for whatever reason on some you have to manually install the TakeProfitLine (see my previous post)
4) This indicator MUST be installed FIRST in any secondary window.
******************************************************************************************************************************
******************************************************************************************************************************
Sorry Enevid BUT this The code changes were to the ObjectCreate() calls to add a subwindow. means nothing to me - Is it not possible to tell me what needs adding
*******************************************************************************************************************************
*******************************************************************************************************************************
.
Last edited:
O'oops
With Respect I suspect your calculations are slightly wrong.
WHY ?
The Reward is NOT Risk, money * Reward/Risk
it is
Pos. Size * Reward/Risk (Bet Size * Odds)
The way I calculate it the Risk, money is the points difference between Entry Lvl and StopLoss * Pos. Size
Risk, money is what we stand to lose if it goes pear shaped and takes out the Stop Loss
Or am I looking at this all wrong because I have got my Spread Betting hat on ?
H'mmm
If this one is wrong - Then what about it's predecessors ?
.
With Respect I suspect your calculations are slightly wrong.
WHY ?
The Reward is NOT Risk, money * Reward/Risk
it is
Pos. Size * Reward/Risk (Bet Size * Odds)
The way I calculate it the Risk, money is the points difference between Entry Lvl and StopLoss * Pos. Size
Risk, money is what we stand to lose if it goes pear shaped and takes out the Stop Loss
Or am I looking at this all wrong because I have got my Spread Betting hat on ?
H'mmm
If this one is wrong - Then what about it's predecessors ?
.
Last edited:
There is an input parameter for that - DeleteLines. If you set it to true, the lines will be removed automatically when you remove or reload the indicator.
No need for that too. You just need to make sure there is no TP line left from some of previous instances of the indicator and set the TakeProfitLevel input parameter to some reasonable value.
No, you can just change the subwindow parameter to 2 or 3, or whatever, depending on how many subwindows your chart already has.
Reward cannot be Pos. Size * Reward/Risk because then we get the output value in lots. E.g. with position size = 0.01 and Reward/Risk = 3, we'd get Reward = 0.3 lots. What kind of reward is that?
Missing the point
It's as I suspected - It's because I am SpreadBetting
In fact with position size = 0.01 and Reward/Risk = 3, we'd get Reward = 0.3 lots. The Reward would in fact be 0.03.
The Reward/Risk is in fact (in my instance) showing 3 to 1 odds
The PositionSize is the Bet size (stake)
That is when I bet 0.01 at 3/1 odds - If I win I will get 0.01*3 = 0.03 for my troubles
Sounds like SpreadBetting is going to be a special case
.
It's as I suspected - It's because I am SpreadBetting
In fact with position size = 0.01 and Reward/Risk = 3, we'd get Reward = 0.3 lots. The Reward would in fact be 0.03.
The Reward/Risk is in fact (in my instance) showing 3 to 1 odds
The PositionSize is the Bet size (stake)
That is when I bet 0.01 at 3/1 odds - If I win I will get 0.01*3 = 0.03 for my troubles
Sounds like SpreadBetting is going to be a special case
.
My brain hurts
Quite possibly - The PositionSize (which I have re-named BetSize) is the amount of money I am betting - Although it's not the amount I stand to lose
That doesn't make sense
H'mmm - I am getting myself all confused with it now
On one hand YOU make sense
On the other hand I make sense
I think I had better go and have a lie down - My brain hurts
.
Quite possibly - The PositionSize (which I have re-named BetSize) is the amount of money I am betting - Although it's not the amount I stand to lose
That doesn't make sense
H'mmm - I am getting myself all confused with it now
On one hand YOU make sense
On the other hand I make sense
I think I had better go and have a lie down - My brain hurts
.
You must have been in the room with me when I wrote that. I did go and check the front office only to find my suggestion already there. You Plonker Rodney .So I hurried back to delete my post. But not quick enough.
Speedy Gonzales (you) had already replied
.
That would not be viable as it is nearly impossible to make the size of the background rectangle fit the text. It will be either too small or too large, interfering with the chart itself.
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