Position Sizer

[Enivid]

Hello,

Really enjoying the ease of use of your EA.

Got a question tho. I’m trading with fixed risk in € with 1:1RR trades. I drag the SL line to where I want it to be and the TP gets calculated via EA. Usually there’s a difference in what I risked to what I made when it hit TP. Same when it hit SL.
There seems to be a difference of roughly 10-13% of what I put in the EA as my fixed risk to what I make/lose per trade.

Quick example:
Risking 10€ fixed on a trade and when I hit TP/SL it’s usually around the 8.9€-9.05€ range.
Is this issue caused by the EA or is it something else?

Kind regards

I'd need to see a screenshot of the panel with the calculations before you take the trade, but usually that sort of issue is caused by the minimum lot stop for the position size. For example, the Position Size could calculate the position size as 0.089, but due to the minimum lot step being 0.01, it results in the position size set to 0.08.

 

[EnrichWave]

Hello,

Really enjoying the ease of use of your EA.

Got a question tho. I’m trading with fixed risk in € with 1:1RR trades. I drag the SL line to where I want it to be and the TP gets calculated via EA. Usually there’s a difference in what I risked to what I made when it hit TP. Same when it hit SL.
There seems to be a difference of roughly 10-13% of what I put in the EA as my fixed risk to what I make/lose per trade.

Quick example:
Risking 10€ fixed on a trade and when I hit TP/SL it’s usually around the 8.9€-9.05€ range.
Is this issue caused by the EA or is it something else?

Kind regards

You need to set TP with Commission. Change the commission value while setup the EA and change the option UseCommissionToSetTPDistance True. And If you hold your position more days you will charged by Swaps which will lead you get less profit or more losses.

 

[JLND]

You need to set TP with Commission. Change the commission value while setup the EA and change the option UseCommissionToSetTPDistance True. And If you hold your position more days you will charged by Swaps which will lead you get less profit or more losses.

Problem seems to be solved for now, thanks!
I don't really get how this setting changed even the non-commission pairs like NAS100 and USOIL but it helped, thanks again!

I'll get back to you maybe after some more testing in live environment.

 

[goldpath]

How would that be different from the Trade button on the Main tab that you've just proposed?

This proposal instead of the other one would be better. For instance, implementing Take Profit (TP) and Stop Loss (SL) settings in points will enable the algorithm to automatically calculate the appropriate TP/SL levels while executing Buy Now or Sell Now actions.

 

[bamboo1388]

I downloaded the Position Sizer, but when i wanna execute a trade it tells me that i need to enable Algo Trading. When i open the Position Sizer i allow Algo Trading, but somehow the Position Sizer doesn't accept it.

 

[Enivid]

I downloaded the Position Sizer, but when i wanna execute a trade it tells me that i need to enable Algo Trading. When i open the Position Sizer i allow Algo Trading, but somehow the Position Sizer doesn't accept it.

Please see the relevant screenshots here:
https://www.earnforex.com/metatrader-expert-advisors/Position-Sizer/#Trading

 

[bamboo1388]

Please see the relevant screenshots here:
https://www.earnforex.com/metatrader-expert-advisors/Position-Sizer/#Trading

thank you very much, now it works as a charm.

 

[Rexxx]

Hello!
I want to thank you for your great work with that EA!

I want to suggest a functionality. Lately Im trying scalping London open and It would be nice to set 2 position which will have different directions depends from which side of consolidation price will break. "TAB" hotkey switch direction of position by changing SL level above/below but entry price stays the same and for me better would be to swap entry with SL positions. It would be great to have another hotkey for that situation. Thanks in advance!

 

[up1son]

There is an execute button on the Trading tab. I don't plan adding a cancel button to the EA as it's already very easy to cancel an order or close a position with a single click in MT5.

However, I'd really like to know where did you get that version?

The execute button on the Trading tab that you say is from mt5 would be this, the issue is that the position size is not the same as the trading button on mt5

 

[Enivid]

View attachment 28125
The execute button on the Trading tab that you say is from mt5 would be this, the issue is that the position size is not the same as the trading button on mt5

No, that the MT5's one-click trading panel. The Trading tab of the Position Sizer is this: