Position Size Calculator
- Thread starter Enivid
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Hello.
Firstly, this is the best indicator I could wish for, I am really thankful for it. Thank you!
I have a question: Is it possible to add a 'Reset' button to snap the lines back in their starting place?
For example, when I want to take a trade, the lines are still where I last left from the last trade and if that trade was taken 1 week ago and I am trying to get into a trade really quickly on a lower TF, I always have to go search for it first and sometimes it's far away.
I would just love to be able to observe the chart on the 5min or 1min, for example, and when I see an opportunity to enter, I could click 'Reset' and the lines would be 5 pips away from my entry point (or whatever I have them set at as base value). This comes very handy when you're dealing with multiple pairs also. You don't have to first search for it and drag it down. It's a small thing, but I find myself doing it over and over.
EDIT:
Secondly. How come there is no second TP line automatically when I press 'Show lines' when I have it set to 2 Take Profits?
I did see you have to go to the 'Scripts' tab and click on '>>' to place "an additional TP using the same distance". Any reason not to have this in the main window already next to the TP windows?
Otherwise, thank you again, the script is too awesome to be true.
Firstly, this is the best indicator I could wish for, I am really thankful for it. Thank you!
I have a question: Is it possible to add a 'Reset' button to snap the lines back in their starting place?
For example, when I want to take a trade, the lines are still where I last left from the last trade and if that trade was taken 1 week ago and I am trying to get into a trade really quickly on a lower TF, I always have to go search for it first and sometimes it's far away.
I would just love to be able to observe the chart on the 5min or 1min, for example, and when I see an opportunity to enter, I could click 'Reset' and the lines would be 5 pips away from my entry point (or whatever I have them set at as base value). This comes very handy when you're dealing with multiple pairs also. You don't have to first search for it and drag it down. It's a small thing, but I find myself doing it over and over.
EDIT:
Secondly. How come there is no second TP line automatically when I press 'Show lines' when I have it set to 2 Take Profits?
I did see you have to go to the 'Scripts' tab and click on '>>' to place "an additional TP using the same distance". Any reason not to have this in the main window already next to the TP windows?
Otherwise, thank you again, the script is too awesome to be true.
Last edited:
I am reluctant to add more buttons to the panel. Especially, to the Main tab. To quickly set some SL or TP, you can quite easily accomplish that by using TP and SL points - then you just need to click in the field and press "5" (for example) on your keyboard - that's not much slower than a dedicated reset button.
The "Show lines" button only shows the lines after they were hidden, it doesn't set or move any of the lines. You can still change the second TP directly from the Main tab by editing the field.
Thank you for the answer.
Could you explain the pressing '5' on the keyboard thing? I don't get how to use it.
When you load indicator 1st time. Set "SL: Default Stoploss value in broker points" to like 5. So.. If you wish to see your SL line very short.. just press the "Stop Loss:". so you will see the SL line very near..
It means that if you want to quickly set SL to 5 points, you just activate the field and press "5" on the keyboard to enter the value. Or if you want 6 pips SL, you just press "6" on your keyboard after you clicked inside the SL field on the panel.
Oh my god!
I had this value set but I didn't know "Stop-loss" and "Take-profit" button were clickable. This is so much awesome I can't tell you how happy this makes me! THANK YOU!
This is exactly what I wanted.
Thank you as well.
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Good afternoon and thank you very much for your efforts!
Why can't I change the color of stop loss, take profit and everything else on macOS?
It just doesn't give a choice as if I'm clicking on the text itself. What can be done about it?
And how to set partial take profits on a macbook?
Thanks!
Why can't I change the color of stop loss, take profit and everything else on macOS?
It just doesn't give a choice as if I'm clicking on the text itself. What can be done about it?
And how to set partial take profits on a macbook?
Thanks!
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No idea why it doesn't let you change the colors on a macbook. You can still change the colors from within the source code.
You need to set ScriptTakeProfitsNumber input parameter to 2 or more.
In the PositionSizeCalculator.mq5 file. Search for these lines:
MQL5:
input color entry_line_color = clrBlue; // Entry Line Color input color stoploss_line_color = clrLime; // Stop-Loss Line Color input color takeprofit_line_color = clrYellow; // Take-Profit Line Color input color stopprice_line_color = clrPurple; // Stop Price Line Color
You will have to recompile the indicator after you change the colors there.
No, don't modify that in the source code. Modify it via the normal input parameters interface when you attach the indicator to a chart. You set it to the number of different take-profits you want to use. Then, you will be able to set the actual take-profit values and lot percentages via the panel.
Hi guys. I got a small issue.
I use MT4 on Mac and PSC works just fine.
Only issue is that every time I restart MT4 the hotkey x the script (execution) is gone and I need to re-set again.
Does anyone ever experienced this? Do u have any solution?
THANKS in advance as always x your help.
I use MT4 on Mac and PSC works just fine.
Only issue is that every time I restart MT4 the hotkey x the script (execution) is gone and I need to re-set again.
Does anyone ever experienced this? Do u have any solution?
THANKS in advance as always x your help.
Backtesting things are for EA. PSC is an Indicator and a script which support that Indicator.
Hi there,
This tool is fantastic. I really like it.
I do have a suggestion to make. Is it possible to have an option to add in to the SL for a short the spread as well? I am getting all my students to use it with ATR setting of 10 and 1.5. Having an additional setting that adds in spread for shorts would be a welcome addition. I am not sure how difficult it would be to add it in.
Regards.
Alex Chatwin
This tool is fantastic. I really like it.
I do have a suggestion to make. Is it possible to have an option to add in to the SL for a short the spread as well? I am getting all my students to use it with ATR setting of 10 and 1.5. Having an additional setting that adds in spread for shorts would be a welcome addition. I am not sure how difficult it would be to add it in.
Regards.
Alex Chatwin
Hi, I just re-install my OS in my desktop, and then when I re-install MT4 and use PSC, the scripts hotkey won't save the setting, so everytime I close my MT4 and re-open, I have to set the hotkey again and again, this not happening in my previous installation, and it works fine in my laptop. I already tried re-download the script but it still the same. I would be glad if someone tell me the solution. Thankyou in advance
The hotkey is handled by the MT4 settings - it has nothing to do with the script itself or the indicator. Make sure your MT4 installation can save its settings - that its folders are writable. Most likely, this is caused by terminal.ini file not being writable by MT4.
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