Position Sizer

[Malikofx]

Try reading this post:
https://www.earnforex.com/forum/threads/position-size-calculator.9511/page-75#post-192446
Perhaps, it will help you.

Hi Enivid,

Thank you for your reply. but my issue is different. Let me try an explain what is happening.

My position size folder for MT5 (Mac) on Mac desktop.
When i go into file>data folder>MQL5>Expert and try to paste or Move Position Size Folder nothing happens.

Than when i click on My Mac Desktop on options menu on the left side of window file>data folder>MQL5>Expert nothing appears there as well.

Sorry for the trouble and thank you in advance.

 

[Enivid]

Hi Enivid,

Thank you for your reply. but my issue is different. Let me try an explain what is happening.

My position size folder for MT5 (Mac) on Mac desktop.
When i go into file>data folder>MQL5>Expert and try to paste or Move Position Size Folder nothing happens.

Than when i click on My Mac Desktop on options menu on the left side of window file>data folder>MQL5>Expert nothing appears there as well.

Sorry for the trouble and thank you in advance.

Could it be that you need to log in as an administrator user?

 

[Malikofx]

Could it be that you need to log in as an administrator user?

Enivid, i'm logged in as Admin also position size folder is set on read and write. still can not understand what is happening.

I just downloaded MT4 and position size Calc for MT4m, getting the same issue with MT4 on Mac as well.

 

[beetrader]

Enivid, i'm logged in as Admin also position size folder is set on read and write. still can not understand what is happening.

I just downloaded MT4 and position size Calc for MT4m, getting the same issue with MT4 on Mac as well.

I am using the MT5 on Linux with PlayOn and Crossover. I think you need to open the emulation folder where your MT5/4 is sitting and the copy the files across. You cannot use Open Data Folder on MT5 to do this and the copy and paste doesn't seem to work, at least for linux.

 

[Malikofx]

I am using the MT5 on Linux with PlayOn and Crossover. I think you need to open the emulation folder where your MT5/4 is sitting and the copy the files across. You cannot use Open Data Folder on MT5 to do this and the copy and paste doesn't seem to work, at least for linux.

Hi Beetrader,

Thank you for the advise. I have tried what you suggested but still no luck. I can not understand what is happening.

 

[Vic124]

Discuss the Position Sizer expert advisor here. This EA lets you calculate optimal position size and execute trades based on these calculations. Based on Position Size Calculator, it allows some additional control over the trades it opens. You can ask any questions about this free MetaTrader tool here.

Hi, Enivid I think I found a bug with the Trailing stop. When executing a trade by adding a trailing stop, and a magic number and then changing the chart symbol the Position Sizer EA stops trailing the stop loss. When you go back to the original chart symbol it starts trailing again. I think I found other problems but let's fix this one first. Please investigate.

 

[Vic124]

Hi, Enivid I think I found a bug with the Trailing stop. When executing a trade by adding a trailing stop, and a magic number and then changing the chart symbol the Position Sizer EA stops trailing the stop loss. When you go back to the original chart symbol it starts trailing again. I think I found other problems but let's fix this one first. Please investigate.

The other bug is when executing a trade by adding a trailing stop, and a magic number and then changing the magic number to a different value the Position Sizer EA also stops trailing the stop loss. When you go back to the original magic number it starts trailing again.

 

[Enivid]

Hi, Enivid I think I found a bug with the Trailing stop. When executing a trade by adding a trailing stop, and a magic number and then changing the chart symbol the Position Sizer EA stops trailing the stop loss. When you go back to the original chart symbol it starts trailing again. I think I found other problems but let's fix this one first. Please investigate.

The other bug is when executing a trade by adding a trailing stop, and a magic number and then changing the magic number to a different value the Position Sizer EA also stops trailing the stop loss. When you go back to the original magic number it starts trailing again.

It does so by design. It only trails the same symbol (as the current chart) trades with the magic number that is set via the panel.

 

[beetrader]

Hi Beetrader,

Thank you for the advise. I have tried what you suggested but still no luck. I can not understand what is happening.

in that case use your MT4/5 Code editor to open and save the various files in the zip file into the respective folders. You can also consider using Terminal to copy the files into the MT4/5 folders.

 

[Vic124]

It does so by design. It only trails the same symbol (as the current chart) trades with the magic number that is set via the panel.

Usual people have at least two positions or are looking for other opportunities while at least one position is open. Would you consider making the Position Sizer trail all open positions at the same time?

 

[DCTrader]

I compiled the Position Size indicator for MT4, but when I attach it, it is immediately removed. Does anybody know how to fix this problem?

Post automatically merged: Oct 24, 2022

I compiled the Position Size indicator for MT4, but when I attach it, it is immediately removed. Does anybody know how to fix this problem?

 

[Enivid]

Usual people have at least two positions or are looking for other opportunities while at least one position is open. Would you consider making the Position Sizer trail all open positions at the same time?

It is presumed that trades in other currency pairs are opened on a separate chart with a separate instance of the PS EA.

 

[Enivid]

I compiled the Position Size indicator for MT4, but when I attach it, it is immediately removed. Does anybody know how to fix this problem?

Post automatically merged: Oct 24, 2022

I compiled the Position Size indicator for MT4, but when I attach it, it is immediately removed. Does anybody know how to fix this problem?

Should be an EA, not an indicator. Perhaps, that's the reason? Check the Experts tab output - it usually mentions the reason.

 

[Vic124]

Enivid I would like to make a suggestion to add to the Position Sizer.
Show this calculation (pips spread/ pips potential stop loss)= spread as a percent of potential stop loss somewhere on the Main panel. For example, if the spread is equal to 7 pips and the potential stop loss is equal to 1000 pips therefore the output is equal to spread is 0. 7% of the potential stop loss. Knowing what percent the spread is of your potential stop loss is significant because we as traders must minimize market price hitting our stop loss and if our spread as a percent of stop loss is let's say 50% as opposed to 0.7% we would avoid that trade because the chances of our stop loss getting hit are much greater at 50% then at 0.7%. Please consider adding this feature to the Position Sizer.

 

[Enivid]

Enivid I would like to make a suggestion to add to the Position Sizer.
Show this calculation (pips spread/ pips potential stop loss)= spread as a percent of potential stop loss somewhere on the Main panel. For example, if the spread is equal to 7 pips and the potential stop loss is equal to 1000 pips therefore the output is equal to spread is 0. 7% of the potential stop loss. Knowing what percent the spread is of your potential stop loss is significant because we as traders must minimize market price hitting our stop loss and if our spread as a percent of stop loss is let's say 50% as opposed to 0.7% we would avoid that trade because the chances of our stop loss getting hit are much greater at 50% then at 0.7%. Please consider adding this feature to the Position Sizer.

I will consider adding an option to change the current Spread display to the Spread/SL ratio display in the next version.

 

[Vic124]

I will consider adding an option to change the current Spread display to the Spread/SL ratio display in the next version.

Perfect thank you for considering it and I will urge you to do this because this is something most traders don't consider but every trader is affected by.

 

[Vic124]

Enivid I would like to make another suggestion to add to the Position Sizer.
Add a feature that will tell me the correlations between the trading instrument that I am currently looking at on my chart vs the trading instruments in which I have open positions (and the correlation between all the open positions). I am sure this will be very useful.

At the very least the correlation between the instrument currently open on my chart vs the trading instruments in which I have open positions.

 

[DCTrader]

Should be an EA, not an indicator. Perhaps, that's the reason? Check the Experts tab output - it usually mentions the reason.

Yes. That was exactly the problem. It is working now. Thank you so much.

 

[josemlferreira]

Hi guys for some reason i am getting an error when trying to enter a position on XAUUSD in the experts tab it says "
Position Sizer (XAUUSD,M1) Position size 0.0033 < broker's minimum position size. Not executing the trade."

I have the latest version 3.02, i am trying to open a micro lot 0.01 and it doesn't let me i have to do it manually can someone help me

 

[Enivid]

Hi guys for some reason i am getting an error when trying to enter a position on XAUUSD in the experts tab it says "
Position Sizer (XAUUSD,M1) Position size 0.0033 < broker's minimum position size. Not executing the trade."

I have the latest version 3.02, i am trying to open a micro lot 0.01 and it doesn't let me i have to do it manually can someone help me

Maybe you have the 0.01 size divided into several trades (via multiple TPs)?