Position Sizer

[abcd]

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.

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.

sorry for my bad english
i just edit my question

 

[Enivid]

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

Do you mean that the panel doesn't appear on the chart? What does it say in the Experts tab of the Terminal subwindow when you try to attach it?

 

[Jacobblane]

Hello does it automatically adjust the type of account im using? I am using a micro account which means 1 lot in MT5 is equivalent to 1000 unit. Does it detect that I am using a micro account? or do we have to change a value in this EA?

Post automatically merged: Aug 7, 2022

Hello does it automatically adjust the type of account im using? I am using a micro account which means 1 lot in MT5 is equivalent to 1000 unit. Does it detect that I am using a micro account? or do we have to change a value in this EA?

 

[Enivid]

Hello does it automatically adjust the type of account im using? I am using a micro account which means 1 lot in MT5 is equivalent to 1000 unit. Does it detect that I am using a micro account? or do we have to change a value in this EA?

Yes, it does detect it automatically.

 

[pepperb]

I've been having an issue with both the original MT5 Position Size Calculator indicator, and now the Position Sizer EA. It worked great with my 5%ers Broker and my EightCap for a year, then about a month ago it stopped working on The5%ers, giving me "unknown retcode 16" error, where it wouldn't send the trade at market. It would send a pending order. So I downloaded the new Position Sizer EA and it worked for a day, then stopped working. So I updated it last week. It worked on Friday, but today I'm back to the same error code, only now I have the same issue on Eightcap. It seems like each time I download a new version it only works for a day or two before it stops sending the market orders and gives me the "retcode 16" error. I've checked with my broker and they don't see any issues on their end.

Any ideas?

 

[simoncs]

Hi
i am having an issue with one broker whish I am performing a challenge with. They keep closing my positions as they are not set with a stoploss. I checked the logs and it seems that the tool originally creates an order without a SL or TP, but then modifies the order immediately and adds them back in afterwards - so effectively another transaction. They must have scripts that read the first order, and then cancel my trades.
Is there a way to fix this?

thanks

 

[EnrichWave]

Hi
i am having an issue with one broker whish I am performing a challenge with. They keep closing my positions as they are not set with a stoploss. I checked the logs and it seems that the tool originally creates an order without a SL or TP, but then modifies the order immediately and adds them back in afterwards - so effectively another transaction. They must have scripts that read the first order, and then cancel my trades.
Is there a way to fix this?

thanks

I think your answer is here.
https://www.earnforex.com/forum/threads/position-sizer.47384/post-211418

I've been having an issue with both the original MT5 Position Size Calculator indicator, and now the Position Sizer EA. It worked great with my 5%ers Broker and my EightCap for a year, then about a month ago it stopped working on The5%ers, giving me "unknown retcode 16" error, where it wouldn't send the trade at market. It would send a pending order. So I downloaded the new Position Sizer EA and it worked for a day, then stopped working. So I updated it last week. It worked on Friday, but today I'm back to the same error code, only now I have the same issue on Eightcap. It seems like each time I download a new version it only works for a day or two before it stops sending the market orders and gives me the "retcode 16" error. I've checked with my broker and they don't see any issues on their end.

Any ideas?

Its weird one. It's on windows Platform or in Mac?

 

[simoncs]

I think your answer is here.
https://www.earnforex.com/forum/threads/position-sizer.47384/post-211418


Its weird one. It's on windows Platform or in Mac?

thanks for the quick reply -- it's on Windows - the broker is also Eightcap. Interestingly, I have not seen this with other brokers when placing the Instant order (pendings work fine), FTMO is not an issue, and nor was TCBridge
The prop firm obviously have some kind of screener their end that closes trades if they see them opened without a SL - I have asked them if they could modify that process to add a time delay to it, just incase it can't be fixed at source.

 

[Mosaic455]

Version 3.01 released with a hotfix for the breakeven and hotkey bugs.

Hi there Enivid. I would like to thank you for that awesome EA. It has made execution easier for me. The breakeven option is stuff of genius!
If I could make a suggestion for improvement, would you please add an option to preset Default Take-Profit levels for Multiple TP. For instance, if i choose to have 3 TP levels, I would like to have the option of presetting their Target levels beforehand, so that once i enter a trade I don have to manually set them. Say if I want TP1 to always be 5.0 pips, TP2 to always be 8.0 pips and full TP to always be 12.0 pips.
Another suggestion could be to have an option to close 80% (or any %) of full TP at a preset profit level, for instance in the above example, I could have the option to close 80% of full TP (12.0 pips) once price hits 10.0 pips profit, thereby leaving 20% of my position to ride to full TP.
I will highly appreciate your consideration of this request. Regards.

 

[Enivid]

I've been having an issue with both the original MT5 Position Size Calculator indicator, and now the Position Sizer EA. It worked great with my 5%ers Broker and my EightCap for a year, then about a month ago it stopped working on The5%ers, giving me "unknown retcode 16" error, where it wouldn't send the trade at market. It would send a pending order. So I downloaded the new Position Sizer EA and it worked for a day, then stopped working. So I updated it last week. It worked on Friday, but today I'm back to the same error code, only now I have the same issue on Eightcap. It seems like each time I download a new version it only works for a day or two before it stops sending the market orders and gives me the "retcode 16" error. I've checked with my broker and they don't see any issues on their end.

Any ideas?

Seeing the actual output from the Experts tab would be helpful.

 

[Enivid]

Hi
i am having an issue with one broker whish I am performing a challenge with. They keep closing my positions as they are not set with a stoploss. I checked the logs and it seems that the tool originally creates an order without a SL or TP, but then modifies the order immediately and adds them back in afterwards - so effectively another transaction. They must have scripts that read the first order, and then cancel my trades.
Is there a way to fix this?

thanks

Your broker uses Market execution model where market orders can only be submitted without SL and TP attached to them. SL and TP can only be added later to them.

 

[Enivid]

Hi there Enivid. I would like to thank you for that awesome EA. It has made execution easier for me. The breakeven option is stuff of genius!
If I could make a suggestion for improvement, would you please add an option to preset Default Take-Profit levels for Multiple TP. For instance, if i choose to have 3 TP levels, I would like to have the option of presetting their Target levels beforehand, so that once i enter a trade I don have to manually set them. Say if I want TP1 to always be 5.0 pips, TP2 to always be 8.0 pips and full TP to always be 12.0 pips.
Another suggestion could be to have an option to close 80% (or any %) of full TP at a preset profit level, for instance in the above example, I could have the option to close 80% of full TP (12.0 pips) once price hits 10.0 pips profit, thereby leaving 20% of my position to ride to full TP.
I will highly appreciate your consideration of this request. Regards.

The multiple TP facility was added exactly to work as a partial close function. In your example, you would open two trades - one with 80% of the volume with a lower TP and one with 20% of the volume with a higher TP.

As for the preset multiple TP levels, I will consider that idea.

 

[simoncs]

Your broker uses Market execution model where market orders can only be submitted without SL and TP attached to them. SL and TP can only be added later to them.

just an update - -i spoke to the Prop firm (Surge Trader) and they have changed their scanner time period to cater for this, so it now works with all orders. Thanks!

 

[KarlWS]

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 am having some difficulty getting the MQ4 Position Sizer file to compile in MT4.

I have followed the following steps to compile the file: MT4 > File > Open Data Folder > Double click the MQ4 Position Sizer file to compile in MT4 > however, I cannot get passed this stage. Once I select the file I see a small loading icon, yet nothing progresses.

Can you advise how to overcome this problem?

Thanks!

 

[Enivid]

Hi, I am having some difficulty getting the MQ4 Position Sizer file to compile in MT4.

I have followed the following steps to compile the file: MT4 > File > Open Data Folder > Double click the MQ4 Position Sizer file to compile in MT4 > however, I cannot get passed this stage. Once I select the file I see a small loading icon, yet nothing progresses.

Can you advise how to overcome this problem?

Launch MetaEditor from within your MT4 (press F4) and open the Position Sizer.mq4 in MetaEditor. Then compile by pressing F7.

 

[KarlWS]

Launch MetaEditor from within your MT4 (press F4) and open the Position Sizer.mq4 in MetaEditor. Then compile by pressing F7.

Thank you, that has now worked!

I have however, run into another issue. I can now see the Position Sizer in my indicators list. But, I am unable to add it to my chart. After clicking add to chart, I can see an error message in my Journal. See attached.

Are you able to advise how I can add the indicator to my chart?

Thanks!

 

[Enivid]

Thank you, that has now worked!

I have however, run into another issue. I can now see the Position Sizer in my indicators list. But, I am unable to add it to my chart. After clicking add to chart, I can see an error message in my Journal. See attached.

Are you able to advise how I can add the indicator to my chart?

Thanks!

That's because the Position Sizer is not an indicator, it is an expert advisor and should be installed in the Experts subfolder in your MQL4 folder.

 

[KarlWS]

That's because the Position Sizer is not an indicator, it is an expert advisor and should be installed in the Experts subfolder in your MQL4 folder.

Perfect, that has worked. Thank you! I was following a youtube video for the install..

 

[pepperb]

Seeing the actual output from the Experts tab would be helpful.

 

[Mosaic455]

that will be very helpful, again thanks for your consideration, this platform and your contribution to the industry.

The multiple TP facility was added exactly to work as a partial close function. In your example, you would open two trades - one with 80% of the volume with a lower TP and one with 20% of the volume with a higher TP.

As for the preset multiple TP levels, I will consider