CARPARK

Trader
Mar 29, 2021
38
7
24
45
Is there a way to configure PS so it uses a fixed lot size? But still sets SL and TP?

I can see I can config max lots, and I suppose I could do it by configuring like 10% risk per trade, but would rather just set fixed lot size somewhere
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,994
1,020
144
Odessa
www.earnforex.com
Is there a way to configure PS so it uses a fixed lot size? But still sets SL and TP?

I can see I can config max lots, and I suppose I could do it by configuring like 10% risk per trade, but would rather just set fixed lot size somewhere
You can set the position size you want directly in the panel.
 

EnrichWave

Master Trader
May 15, 2018
191
41
54
India
Is there a way to configure PS so it uses a fixed lot size? But still sets SL and TP?

I can see I can config max lots, and I suppose I could do it by configuring like 10% risk per trade, but would rather just set fixed lot size somewhere
I hope once @Enivid added this previously request feature in upcoming version., most of the important risk management will be done.
Dear @Enivid Plase consider having option for Allowed Maximum Positions per instrument,All,,
and Allowed Maximum Lot Size per instrumet,All..., and Allowed Maximum Risk % or USD per instrument,All...
 
  • 👍
Reactions: CARPARK

JeffNLisa

Trader
Nov 24, 2022
2
0
6
58
I LOVE LOVE this tool, and THANK YOU for creating it! But along with it's wonderful functionality is a problem that does have me guessing all the time, and that is having to think about how many actual pips each level is going to be.

I'm always having to think about how many pips each part is, and it distracts me trying to do the math in my head. It would be so nice to just SEE the pips right there at a glance, and not have to think about it. Plus, in some cases would make it very easy to spot a typo if you've typed in the prices wrong!

WOULD IT BE POSSIBLE TO ADD A BOX THAT COMPUTES AND SHOWS THE PIPS FROM THE NUMBERS ENTERED?

It would look like I have mocked up in this picture, and that would help me TREMENDOUSLY!!

I looked and did not see any such discussion, apologies if that's already been discussed! And if so, could I ask for links to any such discussion that has already taken place?


Position Sizer with my idea of showing it computing Pips.jpg
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,994
1,020
144
Odessa
www.earnforex.com
I LOVE LOVE this tool, and THANK YOU for creating it! But along with it's wonderful functionality is a problem that does have me guessing all the time, and that is having to think about how many actual pips each level is going to be.

I'm always having to think about how many pips each part is, and it distracts me trying to do the math in my head. It would be so nice to just SEE the pips right there at a glance, and not have to think about it. Plus, in some cases would make it very easy to spot a typo if you've typed in the prices wrong!

WOULD IT BE POSSIBLE TO ADD A BOX THAT COMPUTES AND SHOWS THE PIPS FROM THE NUMBERS ENTERED?

It would look like I have mocked up in this picture, and that would help me TREMENDOUSLY!!

I looked and did not see any such discussion, apologies if that's already been discussed! And if so, could I ask for links to any such discussion that has already taken place?


View attachment 23099
First, you can switch SLDistanceInPoints and TPDistanceInPoints input parameters to true and the fields will switch to points.
Second, you can see the distance in points as text labels near the respective lines on the chart.
 

JeffNLisa

Trader
Nov 24, 2022
2
0
6
58
First, you can switch SLDistanceInPoints and TPDistanceInPoints input parameters to true and the fields will switch to points.
That wouldn't work for me, because I'm entering the numbers from a signal provider, and I don't know the pips/points, only the numbers. The pips is what I would want to see if it showed. HOWEVER

Second, you can see the distance in points as text labels near the respective lines on the chart.
YES I SEE THAT NOW!! I don't know why I had never noticed that before! That is EXACTLY the info I need, I had just never noticed it was there already!!!

I do wish it moved the decimal point and showed PIPS, but that doesn't really require "brain power" at all . . . .

THANK YOU for pointing it out!
 

cxskate

Trader
Aug 12, 2022
9
0
7
40
Is automatically accounting for spread only possible in ATR mode? Feature request for next update to account for spreads ✅
 

tomn

Trader
Nov 27, 2022
2
0
6
19
Hi,

I really like the position sizer, but I'm confused about how I would accurately take long positions when they are based on the ask price of the symbol, and not the bid price like short positions.

Many Thanks.
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,994
1,020
144
Odessa
www.earnforex.com
I really like the position sizer, but I'm confused about how I would accurately take long positions when they are based on the ask price of the symbol, and not the bid price like short positions.
The Position Sizer will automatically switch from Bid to Ask when you switch to a Long position.
 

tomn

Trader
Nov 27, 2022
2
0
6
19
The Position Sizer will automatically switch from Bid to Ask when you switch to a Long position.
I'm confused as to how you trade based on the ask price when the bars on the chart are formed based on the bid price, sorry if this is meant to be a basic concept lol
 

EnrichWave

Master Trader
May 15, 2018
191
41
54
India
I'm confused as to how you trade based on the ask price when the bars on the chart are formed based on the bid price, sorry if this is meant to be a basic concept lol
You just move the SL line up or down from the current price. It'll calculate buy or sell order accordingly.
 

Enivid

Administrator
Staff member
Nov 30, 2008
16,994
1,020
144
Odessa
www.earnforex.com
I'm confused as to how you trade based on the ask price when the bars on the chart are formed based on the bid price, sorry if this is meant to be a basic concept lol
Yes, charts are usually formed using the Bid price. Long trades are entered using the Ask price. What exactly gets you confused?