Position Size Calculator

[Alexter]

Thank you for your suggestion! Currently, it looks like this would be quite different from what the PSC is doing. I believe it would be better implemented as a separate tool - an EA or indicator.

Thanks for the quick response @Enivid . I actually thought that after posting.

I started making a prototype EA with what I know and tools I have.

I will share it with you so you can have a look and see if it can have value here. (i would also like suggestions for any improvements in the code or the insconsistencies in the calculations I am having with it)

 

[SPATrading]

Amazing tool!!! Thanks

 

[Alexter]

Hi @Enivid.

I started having a strange issue recently.

I'm using v1.7 and with one broker (which for some reason uses .... as the suffix for the pairs) whenever I change the timeframe the calculator re-opens (i have it "minimized" and when changing it opens again). Also for some reason with any broker, I get a think that the max position size in the scripts tab gets reset to 1 for no apparent reason.
I'm not sure what can be causing this issue if its the config files the indicator uses or something with the settings or another thing.

It would be nice if you could investigate it.

Thanks

 

[Enivid]

I'm using v1.7 and with one broker (which for some reason uses .... as the suffix for the pairs) whenever I change the timeframe the calculator re-opens (i have it "minimized" and when changing it opens again).

Which broker is that? I need to test it.

Also for some reason with any broker, I get a think that the max position size in the scripts tab gets reset to 1 for no apparent reason.

When does it get reset? When you restart a platform or switch timeframes or just randomly?

 

[Alexter]

Which broker is that? I need to test it.


When does it get reset? When you restart a platform or switch timeframes or just randomly?

Thanks for the quick response.

The broker is EliteTechnology ( I am using it as part of a Prop Firm application process).
I can give you the .SRV file if that helps in any way.
This is the link to download their MT4 platform (though I use my own configured MT4 platform that worked and still works well with other brokers)
Download MT4

As for the reset, it happens whenever I change timeframe or re-open the profile (this includes changing profiles as well as closing and opening the terminal).
It's strange I have not had this problem before at all. I think it may be the broker data feed or something like that causing it to reset.

Thanks for your hard work.

 

[Enivid]

Also for some reason with any broker, I get a think that the max position size in the scripts tab gets reset to 1 for no apparent reason.

Did this happen when the actual value was >= 0.5 and < 1.5?

 

[Alexter]

Did this happen when the actual value was >= 0.5 and < 1.5?

Yes,
When I had it as 0.26 it went to 0 on the reset. So it seems it rounds the value up to the nearest integer upon the reset (i call reset to what happens when I change the timeframe or anything that makes it pop up again even if it was minimized. )

 

[Enivid]

Yes,
When I had it as 0.26 it went to 0 on the reset. So it seems it rounds the value up to the nearest integer upon the reset (i call reset to what happens when I change the timeframe or anything that makes it pop up again even if it was minimized. )

Thanks! Then I have found the problem causing this. It will be fixed in the next version release.

 

[Alexter]

Thanks! Then I have found the problem causing this. It will be fixed in the next version release.

Thanks a lot Enivid, you do great work.

 

[Enivid]

Version 2.18 of Position Size Calculator is out. It implements fixes and suggestions by @Alexter, @EnrichWave, @Malfy, and other people. Thanks all!

 

[thealchemist]

Hi Enivid,
I love your indicator and it works great for MT4.
Bugs I've found:
For MT5, tried both Pepperstone and ICMarkets versions on my Macbook. There are a few bugs for me using 2.18 or earlier versions.

1. When configuring PSC I cannot change SL label color, TP Label Font Color, Entry line, SL Line color, TP Line color. (When I double click, nothing happens) No problems with any other settings. All else seemed to be working fine.

2. If I execute an instant order, SL and TP will be left empty (0.00000). A stop-order on the other hand still has S/L and T/P intact. Any ideas?

This goes for all currency pairs I've tested, try EURUSD for example.

Thank you.

 

[Enivid]

1. When configuring PSC I cannot change SL label color, TP Label Font Color, Entry line, SL Line color, TP Line color. (When I double click, nothing happens) No problems with any other settings. All else seemed to be working fine.

I change them without problems via input parameters:



You cannot double-click and select the labels on chart to modify their properties - this is done intentionally. If you still want to change their color (and do not want to do it via the indicator's input parameters) or other properties, you can List All in the Objects List (Ctrl+B) and find the labels there.

2. If I execute an instant order, SL and TP will be left empty (0.00000). A stop-order on the other hand still has S/L and T/P intact. Any ideas?

Which version of PSC-Trader are you using? What is the output in the Experts tab when you launch it? For example, mine is:
2019.02.28 08:17:26.726 PSC-Trader (EURUSD,M15) Detected position size: 7.09.
2019.02.28 08:17:26.727 PSC-Trader (EURUSD,M15) Detected entry level: 1.13748.
2019.02.28 08:17:26.727 PSC-Trader (EURUSD,M15) Detected entry type: Instant.
2019.02.28 08:17:26.727 PSC-Trader (EURUSD,M15) Detected stop-loss level: 1.13734.
2019.02.28 08:17:26.727 PSC-Trader (EURUSD,M15) Detected take-profit level: 1.13772.
2019.02.28 08:17:26.727 PSC-Trader (EURUSD,M15) Magic number = 0
2019.02.28 08:17:26.728 PSC-Trader (EURUSD,M15) Order commentary =
2019.02.28 08:17:26.728 PSC-Trader (EURUSD,M15) Disable trading when lines are hidden = false
2019.02.28 08:17:26.728 PSC-Trader (EURUSD,M15) Entry line hidden = false
2019.02.28 08:17:26.729 PSC-Trader (EURUSD,M15) Max slippage = 0
2019.02.28 08:17:26.729 PSC-Trader (EURUSD,M15) Max spread = 0
2019.02.28 08:17:26.730 PSC-Trader (EURUSD,M15) Max Entry/SL distance = 0
2019.02.28 08:17:26.731 PSC-Trader (EURUSD,M15) Min Entry/SL distance = 0
2019.02.28 08:17:26.731 PSC-Trader (EURUSD,M15) Max position size = 0.00
2019.02.28 08:17:26.731 PSC-Trader (EURUSD,M15) Subtract open positions volume = false
2019.02.28 08:17:26.732 PSC-Trader (EURUSD,M15) Subtract pending orders volume = false
2019.02.28 08:17:26.733 PSC-Trader (EURUSD,M15) Execution mode: SYMBOL_TRADE_EXECUTION_MARKET
2019.02.28 08:17:26.733 PSC-Trader (EURUSD,M15) Order filling mode: Immediate or Cancel.
2019.02.28 08:17:26.875 PSC-Trader (EURUSD,M15) Initial return code: done at 1.13748
2019.02.28 08:17:26.875 PSC-Trader (EURUSD,M15) Order ID: 887355
2019.02.28 08:17:26.875 PSC-Trader (EURUSD,M15) Deal ID: 886281
2019.02.28 08:17:26.875 PSC-Trader (EURUSD,M15) Position ID: 887355
2019.02.28 08:17:27.009 PSC-Trader (EURUSD,M15) SL/TP applied successfully.

 

[thealchemist]

1. I cannot double click on lime and change the color.
I've tried re-installing MT5, I've tried with the Pepperstone version. It all works really smooth on MT4 but not with MT5. I'm only using Mac.


2. Attached

 

[Enivid]

1. I cannot double click on lime and change the color.
I've tried re-installing MT5, I've tried with the Pepperstone version. It all works really smooth on MT4 but not with MT5. I'm only using Mac.
View attachment 13755

I am afraid that's some Mac/MT5 compatibility issue. It looks like the platform fails to load the color palette. Can you change other colors? The indicator's code cannot control whether you are able or not able to change the input parameter.

2. Attached
View attachment 13756

It looks like you are using an old version of PSC-Trader. Please use the latest version (1.06).

 

[thealchemist]

True, I cannot change any colors.

I've updated and will test 1.06 on Monday

ty and until then

 

[EnrichWave]

I change them without problems via input parameters:

View attachment 13753

You cannot double-click and select the labels on chart to modify their properties - this is done intentionally. If you still want to change their color

Hi, I tested today with MT5. My side working fine.,

Thank you soooooooo much buddy @Enivid for the great contribution to traders. You are always rememberable one. I know it's really hard to make money in the market. but step by step progress will allow us to be consistent (yearly earning). some months it gives some months it doesn't. don't push the market to take your money.

 

[thealchemist]

Yes, thank you so much Enivid, fantastic sharing of your indicator and script

 

[Alexter]

Version 2.18 of Position Size Calculator is out. It implements fixes and suggestions by @Alexter, @EnrichWave, @Malfy, and other people. Thanks all!

Thanks a lot, @Enivid. The updates are greatly appreciated.

Works great, no more random resets and the new tools are great.

We really appreacitate the great value you give to the community.

 

[ozcoz]

Hey Enivid,

Amazing work with this indicator, thanks for all the time and effort you've put into it, it's so quick and easy to use.

I have a suggestion for improvement for the take profit multiplier. Is it possible to factor in the commission into this, as I TP at 3% for most of my trades and hitting the 3x TP button doesn't give me 3% return as it just multiplies the SL by 3. Even if I make the multiplier 3.5 it rarely works out to be 3%, sometimes over, sometimes under.

The other minor question I had, was that on MT4 the indicator is quite compact, but on MT5 there are larger gaps between the fields which fills up the majority of my chart, is that normal, and can it be fixed so it's smaller like on MT4? I'm currently minimising it so not a major issue.

Thanks.

 

[Enivid]

I have a suggestion for improvement for the take profit multiplier. Is it possible to factor in the commission into this, as I TP at 3% for most of my trades and hitting the 3x TP button doesn't give me 3% return as it just multiplies the SL by 3. Even if I make the multiplier 3.5 it rarely works out to be 3%, sometimes over, sometimes under.

The button is there just for a quick TP placement. You can adjust the TP by moving the line and looking at the resulting Reward. I might add an input parameter for the TP button to take Commission size into account, but I am not yet sure that adding another input parameter is worth it.

The other minor question I had, was that on MT4 the indicator is quite compact, but on MT5 there are larger gaps between the fields which fills up the majority of my chart, is that normal, and can it be fixed so it's smaller like on MT4? I'm currently minimising it so not a major issue.

MT5 now supports lot sizes down to 0.00000001 (compared to MT4's 0.01). Although no brokers that I know of do not offer such position volume granularity, I had to implement the wider panel elements to accommodate such lot precision.