Position Size Calculator

[Enivid]

Hi Enivid,

Is there any possibility that the indicator will refresh the entry lvl accroding to the ask price of the used currency pair? so that tick by tick it will use the price asi direct entry lvl and recalcute the position size according to this new data.

Thank you for your reply.

Download the latest version. Set UseAskBidForEntry parameter to true. Please let me know if you find some bugs.

 

[fosforo]

It is working very well. Many thanks for help.

 

[fosforo]

Download the latest version. Set UseAskBidForEntry parameter to true. Please let me know if you find some bugs.

Hi Enivid,

Just one more idea. Can you maybe inplement the calculated lotsize into one click trading terminal. Or write any kind of script that will use the actual calculated volume and direction frokm the position size calculator in direct opening of position at that market price. I think that One-click-trading tool is not adjustable, but maybe Im wrong. Its just a thought.

You have already helped me with last adjustment enormously.

Thank you and have a nice day,

Fosforo

 

[Maverick]

Only seems to work on five decimal place currencies 0.00000 and WILL NOT work with the Japanese pairs 00.000 - H'mmm - is it me or is it you (indicator)

Please advise

 

[Maverick]

To expand on my previous post

It won't it work with these pairs

EURGBP, EURHUF, EURJPY, EURSGD, EURUSD, GBPAUD, GBPCHF, GBPDKK, GBPNZD, GBPPLN, GBPSGD,NZDCHF, USDJPY, USDSEK, USDSGD, XPDUSD, XPTUSD

The Entry Level on the 5 decimal point currencies (above) is stuck on 4.88700
The Entry Level on the 3 decimal point currencies (above) is stuck on 1.548

Other than that I am very pleased with your indicator and glad I found it.

The icing on the cake would be if the EL - SL - TP text colours matched the EL - SL - TP line colours.

 

[Enivid]

Try closing a chart where any level is "stuck" at some rate and opening it again and then adding an indicator. Make sure you are not using templates to do that.

 

[Maverick]

H'mmm - Am I right in thinking that your suggesting applying the PSC as and when I open a chart rather than applying a template which includes the PSC. So template first THEN PSC. Need to wait for the markets to re-open on Monday.

Any thoughts on icing the cake ?

 

[Enivid]

Templates save the Entry/SL lines. If you apply a template that was used on GBP/USD to USD/JPY, you will have lines at 1.5xxx on USD/JPY. They won't be visible unless you rescale the chart, but PSC will load its Entry/SL levels from those lines. It's not a bug, it's a feature .

For colors, try the attached version.

 

[Maverick]

This COULD be EXACTLY what I am looking for - Will keep you posted after the markets open.

Please don't think I am nit picking - But, is it not possible to keep all the colons in the lefthand column vertically inline, irrespective of how many digits are in the righthand column.

I am only thinking of presentation -

H'mmm - What if the righthand column had 5 leading zeros to cover all eventualities (someone (not me) with a £99,999 account) and 5 decimal places ?

That would cover Japan225 @ 14803.0 in one direction and EURUSD @ 1.37011 in the other.

Without effecting the text in front.

 

[Maverick]

PositionSizeCalculator Problems

Well........... More or less EXACTLY what I had in my head - Thank You

I have tweaked it a LITTLE bit though (personal preference)
Hope you don't mind ?

BUT, for whatever reason WILL NOT WORK on ALL pairs

Those it has worked on the three lines EL, SL & TP have always been at the very bottom of the chart - just a matter of dragging them up

The ones it hasn't worked on - The levels are out of the chart boundaries so can't be found

These are just a random sample - Didn't want to go through all 84 of my available pairs until I knew I wasn't wasting my time

AUDCHF http://i151.photobucket.com/albums/s136/NeedForSpeed_001/PSC_AUDCHF_zps90a1eb39.png

There are 7 more images in my photobucket

AUDCHF The EL line was there BUT no sign of SL & TP

AUDDKK EL & SL but no TP

Be assured it is nothing I have done - same result with your original

Very strange

For what it's worth - the problem is centred around these original settings (in MY opinion)

EntryLevel 4.88700 - - - StopLoss 4.90247 - - - TakeProfit 4.87331

Where does the indicator find them ?

PS I changed it to BetSize because I'm Spreadbetting

 

[Maverick]

c'est la vie

 

[Enivid]

EntryLevel 4.88700 - - - StopLoss 4.90247 - - - TakeProfit 4.87331

Where does the indicator find them ?

PS I changed it to BetSize because I'm Spreadbetting

It finds them via the lines on the chart. You can press Ctrl+b on the chart to summon a list of all objects and remove or edit those lines there.

 

[Maverick]

Easy Peasy Lemon Squeezey

Would you believe it - I had just figured it out all by myself and had just come back here to pass on the good news and YOU had beat me to it !

Go into Objects List Ctrl+B - find and delete the relevant Horizontal Lines
On the chart create 3 new horizontal lines and name them the same as the deleted ones

 

[Enivid]

Adding new lines manually is a bit of an overkill. You can simple modify the input parameters of the indicator and it will create new lines automatically.

 

[Maverick]

Conclusion

Adding new lines manually is a bit of an overkill. You can simple modify the input parameters of the indicator and it will create new lines automatically.

Yes quite possibly if you know what you are doing - I don't !

But all's well that ends well

Any thought's on adding that "Winnings" code that I mentioned

 

[Enivid]

Yes quite possibly if you know what you are doing - I don't !

But all's well that ends well

Any thought's on adding that "Winnings" code that I mentioned

What Winnings code?

 

[Maverick]

H'mmm

What Winnings code?

Well that is strange

I was sure I suggested it - Hey Ho !

Maybe it was that Database Outrage

(Getting the hang of this forum now)

Because your indicator is aimed at all forex traders - not just spreadbetters I have in this first instance decided on RiskMoney + as a label - might personally change it to Winnings as and when.

It's NOT Rocket Science or even GCSE Maths

RiskMoney + = RiskMoney - multiplied by RewardRisk

260.16 = 43.36 x 6

So as the trade stands you could either lose £43.36 or win £260.16

******************************************************

If you decide to oblige with this upgrade and whilst you have got the hood up (bonnet)

Any chance you might be able to add a "Line Style" box - Bl@@dy annoying having to keep opening the line editor to make the lines 1 stage wider. I'm thinking of me or someone else going inside and upping the default as and when reqd.

Surprised you hadn't included it from day one ?

********************************************************

I did once look into the why's and wherefores of creating my own indicators - Been out of school too long to learn.

Would have liked to - 21st century lego - Hey Ho

Out of curiosity - Would it be possible to make the indicator WITH a frame and have it like a postage stamp covering ALL that's underneath and fully floating - move it wherever ? - JUST out of curiosity.


.

 

[Maverick]

Everything NEAT and TIDY

H'mmm . . . . I've just been looking at the indicator after my account achieved 5 figures and have come to the conclusion that I need to change the order AGAIN to -

*....StopLoss:
*..EntryLevel:
*...TakeProfit:
* AccBalance:
* RiskPercent:
* RiskMoney-:
* RiskMoney+:
*..RewardRisk:
*.......BetSize:

If a jobs worth doing . . . it's worth doing RIGHT

Can't decide if it should be RiskReward instead of RewardRisk - H'mmm

Decisions,Decisions ?

I know it should be RewardRisk BUT I think RiskReward L@@Ks better

*....StopLoss:
*..EntryLevel:
*...TakeProfit:
* AccBalance:
* RiskPercent:
* RiskMoney-:
* RiskMoney+:
*..RiskReward:
*.......BetSize:


.

 

[Enivid]

Try the one attached. I've already implemented features that I thought would be useful to everyone, not just you. So, if you want to change some texts, feel free to modify them in the code.

 

[Enivid]

Ignore my previous post. That version is buggy. I've finally completed the rework of this indicator (I hope I did) and now it can be redownloaded from here:
http://www.earnforex.com/metatrader-indicators/Position-Size-Calculator

The new version includes reordered outputs, reward calculation and changeable colors/styles for nearly everything.