Position Sizer

[zuwei]

Hi can I know why I can't take the trade? I click on the trade button and confirm it but it never let me take the trade
Or I need to download the psc trader then I will able to take the trade

 

[Enivid]

Hi can I know why I can't take the trade? I click on the trade button and confirm it but it never let me take the trade
Or I need to download the psc trader then I will able to take the trade

No, the Position Sizer trades on its own, without the PSC-Trader script. The "Trade is disabled" error can appear in the following cases:

1. Autotrading is disabled in the platform.
2. Autotrading is disabled for this EA.
3. Trading is disabled for your account.
4. Trading with EAs/scripts is disabled for your account.
5. Trading is disabled for this specific currency pair (symbol).
6. Trading with EAs/scripts is disabled for this specific currency pair (symbol).

In the first two cases, you can just enable autotrading yourself. The latter four require understand what's going on with your broker. Some brokers reserve some symbols for charting only and offer different ones for trading. Some brokers also offer separate symbols for autotrading.

 

[zuwei]

No, the Position Sizer trades on its own, without the PSC-Trader script. The "Trade is disabled" error can appear in the following cases:

1. Autotrading is disabled in the platform.
2. Autotrading is disabled for this EA.
3. Trading is disabled for your account.
4. Trading with EAs/scripts is disabled for your account.
5. Trading is disabled for this specific currency pair (symbol).
6. Trading with EAs/scripts is disabled for this specific currency pair (symbol).

In the first two cases, you can just enable autotrading yourself. The latter four require understand what's going on with your broker. Some brokers reserve some symbols for charting only and offer different ones for trading. Some brokers also offer separate symbols for autotrading.

my broker is eightcap so I think it is able to take the trade right? and my auto trading is open. My pair is EU then it is also a major pair so really don't know what problem is

 

[Enivid]

my broker is eightcap so I think it is able to take the trade right? and my auto trading is open. My pair is EU then it is also a major pair so really don't know what problem is

See cases 3-6. For example, the previous page of this thread has a user reporting the same issue as you with the same broker:
https://www.earnforex.com/forum/threads/position-sizer.47384/post-211236

 

[zuwei]

Hi can I know is the position size can partial take profit?

 

[Enivid]

Hi can I know is the position size can partial take profit?

No, but it can divide the trade into multiple trades with different TPs. Set the TakeProfitsNumber input parameter to a value greater than 1 and you will be able to do that.

 

[Khurram Shahzad]

Discuss the Position Sizer expert advisor here. This EA lets you calculate optimal position size and execute trades based on these calculations. Based on Position Size Calculator, it allows some additional control over the trades it opens. You can ask any questions about this free MetaTrader tool here.

Discuss the Position Sizer expert advisor here. This EA lets you calculate optimal position size and execute trades based on these calculations. Based on Position Size Calculator, it allows some additional control over the trades it opens. You can ask any questions about this free MetaTrader tool here.

Hi,
I'm having a problem with this new ver 3.0 & 3.1, when ever i try to activate the trade by double clicking or with hot key, I see an alert massage (Position Size Calculator not found!). there was no such problem with pervious ver.
I'm using position sizer with MT4 on Macbook, MacOS Monterey. with last ver we have to copy past Position Sizer folder in indicators and with this ver 3.1 we have to copy past Position Sizer folder in Expert Advisors ! Right ? I follow all the steps but but not working with this version. Thank you

 

[EnrichWave]

Hi,
I'm having a problem with this new ver 3.0 & 3.1, when ever i try to activate the trade by double clicking or with hot key, I see an alert massage (Position Size Calculator not found!). there was no such problem with pervious ver.
I'm using position sizer with MT4 on Macbook, MacOS Monterey. with last ver we have to copy past Position Sizer folder in indicators and with this ver 3.1 we have to copy past Position Sizer folder in Expert Advisors ! Right ? I follow all the steps but but not working with this version. Thank you

Hi, I think yours got confused with EA+Indicator+Script.
Remove short cut key for the script.. Then set the shortcut key into the EA

 

[Enivid]

Hi,
I'm having a problem with this new ver 3.0 & 3.1, when ever i try to activate the trade by double clicking or with hot key, I see an alert massage (Position Size Calculator not found!). there was no such problem with pervious ver.
I'm using position sizer with MT4 on Macbook, MacOS Monterey. with last ver we have to copy past Position Sizer folder in indicators and with this ver 3.1 we have to copy past Position Sizer folder in Expert Advisors ! Right ? I follow all the steps but but not working with this version. Thank you

The EA (Position Sizer) no longer needs the script. You can execute trades with it either via the Trading tab or using a hotkey set via its input parameters.

 

[CARPARK]

Amazing as always Enivid! Thanks for all the hard work you put into these utilities for us!

I have one issue though: I was scalping earlier today and noticed that after the order is submitted, the SL is then added as a separate request. As my orders are split into 2, it first adds the order, before then making a separate request to add SL and TP, and then moves onto the 2nd part of the (split) trade.

This might not be too bad for those not scalping but in a fast moving market this morning it meant that there was a gap of 0.8 seconds between the split trades, which looked like this:


Here's the journal:


I appreciate that I did the above with PSC (indicator) but have been testing PS (EA) and it works in the same way (adding TP/SL after order has been accepted by broker), and am a little worried I will have the same problem.

Is there anything I can do to alleviate this? I appreciate a better ping time would probably help (at the time, ping was about 100ms to broker)

 

[Enivid]

Amazing as always Enivid! Thanks for all the hard work you put into these utilities for us!

I have one issue though: I was scalping earlier today and noticed that after the order is submitted, the SL is then added as a separate request. As my orders are split into 2, it first adds the order, before then making a separate request to add SL and TP, and then moves onto the 2nd part of the (split) trade.

This might not be too bad for those not scalping but in a fast moving market this morning it meant that there was a gap of 0.8 seconds between the split trades, which looked like this:
View attachment 22245

Here's the journal:
View attachment 22246

I appreciate that I did the above with PSC (indicator) but have been testing PS (EA) and it works in the same way (adding TP/SL after order has been accepted by broker), and am a little worried I will have the same problem.

Is there anything I can do to alleviate this? I appreciate a better ping time would probably help (at the time, ping was about 100ms to broker)

It is adding SL/TP as separate position modifications because your broker Market Execution (instead of Instant Execution), so trades should first be opened without SL/TP. I may consider changing it so it first opens all trades and then modifies them all, but I am not sure it would be a better way of handling this.

 

[CARPARK]

OK great I didn't know about the market/instant execution thing.

One other issue: the 'auto suffix' and commentary feature doesn't individually assign anything different into comments. For example: a 2-part trade (v3.01) with 'PSC' set as commentary with auto suffix enabled. I was expecting maybe '-1', '-2' or something to differentiate between them:


And in the panel I have it set as this:


So I was expecting comments on the orders to be something like:
'PSC-1'
'PSC-2'...etc

 

[Enivid]

OK great I didn't know about the market/instant execution thing.

One other issue: the 'auto suffix' and commentary feature doesn't individually assign anything different into comments. For example: a 2-part trade (v3.01) with 'PSC' set as commentary with auto suffix enabled. I was expecting maybe '-1', '-2' or something to differentiate between them:
View attachment 22247

And in the panel I have it set as this:
View attachment 22248

So I was expecting comments on the orders to be something like:
'PSC-1'
'PSC-2'...etc

Yeah, thank you! There is a bug in the MT5 version of the Position Sizer. It will be fixed in the next release.

 

[theSpem]

Man, I would kill to have Position Sizer in Quantower. Any way to make that happen?

 

[Enivid]

Man, I would kill to have Position Sizer in Quantower. Any way to make that happen?

What is Quantower? If that is some other trading platform with its own coding language, then you could hire someone on Upwork to convert the Position Sizer for you.

 

[theSpem]

Yea, really cool totally customizable trading platform that uses C#

 

[Khurram Shahzad]

Hi, I think yours got confused with EA+Indicator+Script.
Remove short cut key for the script.. Then set the shortcut key into the EA

Thank you so much for your quick answer and help. its working now with your help

Post automatically merged: Aug 4, 2022

Hi, I think yours got confused with EA+Indicator+Script.
Remove short cut key for the script.. Then set the shortcut key into the EA

Thank you so much for your quick answer and help. its working now with your help

Post automatically merged: Aug 4, 2022

The EA (Position Sizer) no longer needs the script. You can execute trades with it either via the Trading tab or using a hotkey set via its input parameters.

Thank you so much for your quick answer and help. its working now with your help

 

[abcd]

I installed the expert advisor but when I add it to a chart, nothing happens. Why?

 

[EnrichWave]

i add tool to chart nothing happen
how can i fix that

What do you mean nothing happen. It won't automatically place trades for you. You have to make decision whether you want place orders or not. It is great tool to manage the position size.

 

[CARPARK]

If you don't understand what it does it's probably a good idea not to trade with real money