How do you usually exeute trades calculated by Position Size Calculator?

  • Manually

    Votes: 12 15.2%
  • PSC-Trader script with a mouse click

    Votes: 13 16.5%
  • PSC-Trader with a keyboard shortcut

    Votes: 51 64.6%
  • Using third-party trading panel

    Votes: 2 2.5%
  • Other (please provide details)

    Votes: 1 1.3%

  • Total voters
    79
  • Poll closed .
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Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
Yeah, I thought by the look of those screen-shots that it was a much smaller resolution than the current common standard of 1920 x 1080. Possibly see if lowering it to this lower/larger resolution fixes the issue. You run MT4 and windows 10 through a virtual environment? what is your normal host operating system? a mac?
 

Kamil

Trader
Oct 3, 2016
9
2
8
31
Yeah, I thought by the look of those screen-shots that it was a much smaller resolution than the current common standard of 1920 x 1080. You run MT4 and windows 10 through a virtual environment? what is your normal host operating system? a mac?


Yeah, I have a macbook pro. I am running it through a virtual environment. Haven't had any problems with it until this indicator.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
Try moving it down to 1920 x 1080. Then you can cross one potential fix off the list if it doesn't work. Lowering the resolution may boost the systems performance a little too.
 

Kamil

Trader
Oct 3, 2016
9
2
8
31
Try moving it down to 1920 x 1080. Then you can cross one potential fix off the list if it doesn't work. Lowering the resolution may boost the systems performance a little too.


Alright so I just checked that one and bunch of other ones. And it doesn't look like that makes a different because the indicator still is distorted.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
I meant to say, was it the windows 10 virtual resolution you changed? not your mac resolution? or have you tried both? or maybe there's even a setting in Parallels?
 

Kamil

Trader
Oct 3, 2016
9
2
8
31
I meant to say, was it the windows 10 virtual resolution you changed? not your mac resolution? or have you tried both?

So, I changed just the windows 10 virtual machine's resolution. Not the mac's.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
Hmm, that is the primary thing I can think of that is causing an issue such as this. And not to sound too obvious but you do interact with MT4 in a rather uncommon way. There's quite a lot of different software in between that could be causing problems.
 

Kamil

Trader
Oct 3, 2016
9
2
8
31
If you use Parallels to run your MT4. You might have an issue with the indicator looking distorted. All you need to do is fix this settings inside of Parallels.
1. On your Mac to menu click the Parallels icon
2. Click "View"
3. Hover over "Retina Resolution"
4. Click on "Scaled"
 

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Enivid

Administrator
Staff member
Nov 30, 2008
19,250
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No. On second thoughts adding these conditions to the PSC script may not work out as initially thought.

Now correct me if I'm wrong, but each market I trade would have to have different condition values (Max Spread, Min/Max SL->EP Distances, Max Lots).

And since I cant save the same script with tailored values to each individual chart via templates or profiles, I would then have to create a newly named script for each market, each with its own unique condition values and then set a new different hot key for each?

Another option would be to set up a 4th tab on the panel and put all the script settings there. It would not save them in the templates though. Let me know if you have some other ideas.
 
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Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
That is much better than having to create many differently named scripts each with slightly altered values and separate hot keys. I really like that idea Enivid.

What do you think the inputs for the 4th 'Script' tab should be? (If you were to go ahead with it)

1)Min SL->EP Distance.
2)Max SL->EP Distance.
3)Max Spread.
4)Max Lots.
5)???

And of course some or all of the above inputs are optional and could be left blank?
Being unable to save to a template is fine but would the input values remain when MT4 is closed and re-opened?
 

Enivid

Administrator
Staff member
Nov 30, 2008
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And of course some or all of the above inputs are optional and could be left blank?
Sure.

Being unable to save to a template is fine but would the input values remain when MT4 is closed and re-opened?
They will remain saved - the same as other PSC panel inputs.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
All sounds great.

If you can think of any more useful input parameters other than the 4 I listed then even better.

How about a 'Max Deviation' input to save people going into your code? That is a value that could also vary between markets and trading conditions.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
Firstly, Bump on the PSC script tab.

Secondly, there's something I've been noticing recently and I thought I would ask about it, I will try to explain the situation as best I can.

OK so, my account is funded in GBPs. I only trade the GBP/USD. Leverage stays the same. I use a set financial/money risk amount per trade and I also use a set SL-EP distance or as very very close to it as possible for every trade. And I only ever enter at the market.

Now, it seems that since the GBP/USD is currently in a strong bearish phase, I've noticed that as the market price decreases, so do my trading costs. It seems that with the same trade (Same money risk, same SL-EP distance and same leverage) the thing that varies is the Lot amount. It seems that as the market price decreases so does the lot amount and as the market price increases, again, so does the lot amount which will then alter my margin requirement. So is the Lot amount somehow linked to the current price of the market?

I could understand if the costs varied on a market that does not have the GBP as the base currency since it would then have to be converted from whatever base currency it was back to my native broker account currency type. But in this particular situation that is not the case.

Since I like to have a really tight back-end money management system in place, it kind of gets thrown into the wind if my trading costs will differ wildly depending on if the market is trading at 1.20000 or at 1.50000.

Thank you.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
Hmm I see.

So would that explain when I have an open position for this market, if I periodically hover my mouse over the Stop-Loss line the '-xxxx.xx GBP' loss value changes? not by much but still seems to fluctuate.

And as a test, I put the PSC into pending order mode, set my entry to 1.50300 and my SL to 1.50000 and it still reported the same position size as a 300 SL-EP distance in instant entry mode from where the GBP/USD is trading at the moment (Same money risk, same leverage). Shouldn't the pending order which was set at a much higher market price have a much larger position size (and margin) also then?
 

Enivid

Administrator
Staff member
Nov 30, 2008
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Yes, the indicator uses MarketInfo(Symbol(), MODE_TICKVALUE) to determine the current price of one pip. It will not be accurate if planning a trade at levels significantly different from the current rates. There is little that can be done here. Moving to manual tick value calculation makes sense only when using PSC on a combination of YYY/XXX currency pair and YYY account currency.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
OK thank you for explaining it.

Since that is the case and I now know about it, I will have to either loosen up my long-term money management system or actively manage it as prices continue to trend in either direction. This new information sheds a whole different light on the situation.

So basically, I actually want the market to be trading at a low/cheap price since I will be able to risk more per trade with the same amount of capital because I will be making savings from the reduced position size and margin cost.

I just carried out some tests on your web-based PSC and it sure gets expensive. I'm testing the GBP/USD trading at 1.50000 to 2.00000 area again, probably a long ways off but still something to be mindful of. Guess I better keep making the most of cheaply priced markets whilst is lasts.

Oh, what do you think about the PSC script tab? think you will go ahead with it? and do you like the suggested inputs from my other posts?

Thanks again.
 

Andy

Master Trader
Nov 28, 2014
130
13
54
London UK
OK, just to expand on some money management things some more.

Margin is calculated using the base currency? So to trade GBPUSD It's £100,000 x Lots, divided by the leverage amount?
And if my account is in GBPs no other conversion would have to take place? BUT if my account was in EURs and I was trading the GBPUSD it would be £100,000 x Lots, divided by the leverage amount THEN converted from GBPs to my account EURs at the current GBPEUR exchange rate?

So weather the GBPUSD is trading at 2.50000 or 1.00000 the margin for a 100 lot trade with an account funded in GBPs will always stay the same?

So what is the actual calculation/relationship between market price and lot size? because after using the web-based PSC, a trade with the same SL-EP distance and almost the same lot amount, the amount of money I can risk per trade with the same amount of total capital from when the GBPUSD is trading at 2.00000 to 1.00000 is insane. Why exactly?

Thanks in advance.
 

Enivid

Administrator
Staff member
Nov 30, 2008
19,250
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Odesa
www.earnforex.com
Because while margin depends on the base currency, the loss is denominated in quote currency, and the position size is dependent on the potential loss, not on margin. So if trade GBP/USD with GBP account, your fixed-risk position size would vary depending on the GBP/USD rate.
 
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