Position Size Calculator

[Enivid]

It will be a graphical panel. Traders will be able to minimize it.

 

[Andy]

I see....

Is there a teaser screen-shot you would care to share with us?

 

[Enivid]

Sure:

 

[Andy]

ooow very nice. I like it.

I have so many questions but instead of spamming you I will wait to try it out properly.
However I do have one that relates to a suggestion from a few forum pages back.

In the margin section is it possible for the user to set their own leverage amount? either for testing purposes or brokers that use dynamic leverage systems? I guess the margin could be input as a ratio for Forex or as a percentage for CFD's.

 

[Enivid]

Yes, that's a planned feature.

 

[Surge]

I am reluctant to force the use of TP line as it is not necessary for position size calculation. You can add a TP line and save those settings to a file or to a template.



I can modify the PSC-Trader script to remove the lines when the trade is executed, but I am not sure that's a good behavior for a script to tinker with indicators. The next version of Position Size Calculator will feature a button that will show/hide the lines in one click, so that's no longer be a problem at all.

Thanks a ton mate, that sounds awesome. I'd be happy to help beta test the new version, should that be helpful. Do you have any estimate about the release date?

 

[Enivid]

The main obstacle for the release are the bugs in MT4/MT5. I am trying to solve them with MetaQuotes, but I have no idea how long will it take...

 

[Andy]

Hello again,

As you know I'm a huge advocate of the PSC Indicator and Script combo for a vast number of reasons.

However, these two additional bits of software are primarily concerned with the set-up and the opening of a new position.

So, due to not being a fan of the MT4 one-click trading, has anybody made (Enivid?) or can highly recommend a recent 'Close Position(s)' MT4 script that is able to completely close a position(s) with the simple press of a hot-key or mouse click from the navigator window? possibly with a choice of input parameters specifying the kind of closure I need at that particular time?

Thank you.

 

[ptejerina]

Hi:

What is the difference between the "Input" column and the "Result" column? Why are the numbers sometimes very different and sometimes very close?

Thank you.

 

[Enivid]

Input is calculated based on trader's inputs. Result is what can actually be used with a given broker and account.

 

[Andy]

Does the PSC Indicator + Script work with Market Execution broker accounts?

 

[Enivid]

No, the script will try to place stop-loss and take-profit during order opening.

 

[Andy]

Thought so.

I much prefer the slippage control and predefined stop-loss level on an Instant Execution anyway.

Cheers.

 

[bm0899]

I like the PositionSizeCalculator_Main indicator. I was wondering if the developer can kindly amend and makes the following options available. Currently the indicator produces many texts on the charts. Is it possible to only show the following on top left corner only (no other texts except the following only):

* "Pos.Size: 0.61" (that's all I want to see on top left corner only, no other text, everything is already inputted in the beforehand and dont need to show again )
* Show the Pips distance from entry line to stop loss lines (below the stop loss line)

I also want to show the number below the stop loss line below (bottom right below red line). It seems that if you remove the stop loss colour the the stop loss to entry price pips also goes away.

 

[Enivid]

Thanks for your ideas! I will look if I can incorporate something from it in the upcoming panel version of the indicator.

 

[bm0899]

Thanks for your ideas! I will look if I can incorporate something from it in the upcoming panel version of the indicator.

Thanks, when is the ETA on the upcoming panel version? Very much looking forward to the upcoming version.

 

[Enivid]

No ETA because I am waiting for MetaQuotes to fix some bugs first.

 

[syed sajjad hussain shah]

I am already extremely impressed by the website contents. Pure, related and sincere content is always seen on the pages everywhere. Moreover this position size calculator is worth thousands of Dollars and worth millions of thanks. Thanks for your concern for presenting such a great indicator and script. thanks once more.

 

[Ramunas]

Hi guys,
is it possible to upload this indicator in .ex4 file ? Mine MT4 does not compile to proper format.

 

[Enivid]

I have uploaded the .ex4 files here, but they can stop working after some MT4 update. .mq4 files are more resilient to new builds changing .ex4 structure.