Position Size Calculator

[oJohnny]

Hi Enivid.
Thank you for a great indicator and for all your effort!

I have a question.. Is it possible to prevent the lines from re-appearing whenever I change timeframes or change inputs in the indicator? In other words, I would like the entry line, stop loss line etc. to not be on the charts at all. Now I have to keep deleting them, which is getting a little tiresome.. (Sorry if this has been covered, looked through the pages but didn't find the answer).

Kind regards,
John

 

[Enivid]

The lines are a crucial part of the indicator - it cannot function without them. The best thing you can do is to set their color to clrNone via input parameters. They will be hidden then.

 

[oJohnny]

Oh I see. Yes that works pretty good! That option didn't even occur to me
Thank you very much!

 

[Enivid]

Position Size Calculator has been updated with added pip distance display, bug fixes, and optimization. You can read more about this update in the blog:
http://www.earnforex.com/blog/pips-display-in-position-size-calculator-indicator/

It is probably the last update of the indicator before introduction of graphical panel.

 

[Andy]

Hey Enivid,

Does the distance calculation pull in (in this case) a 6th decimal place digit that it either rounds up or down?

In the screen shot I have attached I would have thought the distance between the entry and the stop would be exactly 100?

 

[Andy]

And similarly, the distance result is almost always 1 off either side than what you would expect it to be.

 

[Enivid]

Thanks for reporting. There was a rounding bug. Please download and install version 1.25. It should be fixed there.

 

[Andy]

Brilliant work, and a speedy fix too!!

Good stuff, thank you.

 

[speedytina]

Position Size Calculator has been updated with added pip distance display, bug fixes, and optimization. You can read more about this update in the blog:
http://www.earnforex.com/blog/pips-display-in-position-size-calculator-indicator/

It is probably the last update of the indicator before introduction of graphical panel.

Thanks Enivid
Great stuff!

 

[Andy]

Hello Enivid,

My question doesn't directly relate to the PSC but I thought I would post it here anyway.

I've been thinking of email alerts, for example, once my stop-loss has been set, I then receive an email once the entry price reaches a certain distance away.

BUT is there anyway this can still be done if the MT4 terminal and/or the machine that is running it has been turned off?

If this can't be done, are my only options a VPS (?) or to leave a machine running at home all the time?

(Or I guess I could have MT4 on my tablet/phone. But I don't trade from mobile devices and I don't like having to constantly keep checking the charts)

Thank you.

 

[Enivid]

You will definitely need a VPS for that. Unless you want to leave your PC running all time, of course.

 

[Andy]

Hmm I see.

I may possibly look into building a small, secure, hidden, very low-powered, mini bare-bone system on my home network that I could remote desktop onto when needed, that just continues to run the OS and MT4 terminal with email alerts set-up?

Thank you Enivid, I will investigate further.

 

[Andy]

Hello Enivid,

Thought I would share a few observations I've witnessed recently regarding the PSC.

1) When 'ShowLineLabels = False' the entry distance label remains on the chart and must be deleted manually from the charts object list.

2) I think the distance label misses a crucial distance. As we all know, when we go long we enter at the ASK and exit at the BID, when we go short we enter at the BID and exit at the ASK, with the difference between these 2 prices being the spread. In its current state it lets us know perfectly what the distance is to our entry (Either the BID or the ASK depending on if we are going short or long). However, once we have entered a trade, the key distance we must then know is how far away the OTHER price is away from our stop loss, the price that will reach our S-L first which then takes us out of a trade.

Obviously there would be issues trying to put labels on both the BID and ASK lines because some markets, time frames and zoom levels would put them almost on top of each other. But on the same label, if it looks like the user is going short display it as 'BID PRICE DISTANCE / ASK PRICE DISTANCE' and the long label as 'ASK PRICE DISTANCE / BID PRICE DISTANCE'. So now at ALL times we can clearly see the relationship between these 3 CRITICAL prices and their distances between each other. The BID, the ASK and our STOP-LOSS. It could even go one further and include the spread, displaying the label as 'PRICE DISTANCE / PRICE DISTANCE / SPREAD DISTANCE'.

Thank you.

 

[Andy]

Hello Enivid,

I've found a nice simple solution to the 'Hide all corner objects' but there is a little problem.
Is there anyway to permanently set enable 'Draw object as background' on the appropriate corner objects?
I can temporarily but after MT4 is closed and reopened again the option is back to being disabled.
I have included a screen shot to help me explain.

 

[Enivid]

"Leftover" labels bug should now be fixed.

I've added DrawTextAsBackground input parameter if you want to draw text labels as background.

Also fixed some minor bugs with the indicators.

Please download and install version 1.26.

As for your Ask/Bid distance suggestion. It will work only if the indicator will track an already opened position. The purpose of the indicator is quite different. I would consider creating a separate indicator for such tracking.

 

[Andy]

Thank you Enivid,

Metatraders best Indicator just got even better.

And yes you are right about my suggestion for distance label additions. And to be quite honest sometimes I do mention things that I probably wouldn't use myself, It's kind of my curiosity to see what can and can't be done.

My trading success came (and continues to do so) when I completely aligned and tailored my trading environment to suit who I am. My personality and my temperaments, which I eventually found, after much trial and error, was simplicity and minimalism. That is who I am, that is how I think and that is how I now trade.

Thanks again Enivid.

 

[Andy]

Last bug report for today I promise!!

DrawTextAsBackground = True. Works fantastically apart from the 'Divider' object which it seems to miss.

Thank you.

 

[Enivid]

DrawTextAsBackground = True. Works fantastically apart from the 'Divider' object which it seems to miss.

Fixed without updating the version number. Please redownload.

 

[caele]

Hi

I am getting the following after installing and using both the main and separate latest version of the indicator.
"Entry Lvl: Error: String is longer than target length."
"Stop-Loss: Error: String is longer than target length."
"Divider InputError: String is longer than target length."

I find this a bit strange as it actually works great

Thanks for your work Enivid!

 

[Enivid]

Try increasing the MaximumNumberLength parameter. Default value of 14 should be enough, but either it is not enough in your case, or it was changed to something else in your case somehow. If that does not help, please let me know them platform version you are trying this in.