PSC is no longer supported. I recommend switching over to the Position Sizer.
Position Sizer
- Thread starter Enivid
- Start date
- Watchers 362
Not working either
I have attached the picture with this problem only JPY currency pairs
JPY pairs have free margin too much
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HI. Thank you so much for this tool, it helped me a lot from last year. I never knew there is a forum for the tool, last tool I used is ver. 2 and it cannot add spread to SL or TP, ver. 3 can and I'm very happy about this.
One suggestion / question though.. isn't it for market sell we add spread to SL and TP but not for market buy orders ? the tool seems to add spread both buys/sells order's TP and SL , from I'm understanding only buy orders (buy order, buy stop, buy limit) are affected by spread because they are executed on ASK, sell orders are not since MT4/5 only shows bid lines by default hence there should be no spread added/substracted .
CMIIW
Also, i would make a suggestion so that the Spread Adjustment doesn't move the SL line directly by default, it should add the spread after the order is placed.. , since my SL usually at the high of a candle, it is kind a useless to use the spread adjustment since I want my SL to be still intact at least after the price make a equal high or +1 point. If the tool make adjustment before the order is placed, then when the current price is heading towards last high, it will trigger my SL even before making an equal high. This problem can be solved just by unchecking the SA button by default, and checking the SA button just before taking the trade, but it takes time to do so and there's a probability to miss best entry point, would be lovely to add the spread after the trade was placed.
Thank you for the best tool ever.
One suggestion / question though.. isn't it for market sell we add spread to SL and TP but not for market buy orders ? the tool seems to add spread both buys/sells order's TP and SL , from I'm understanding only buy orders (buy order, buy stop, buy limit) are affected by spread because they are executed on ASK, sell orders are not since MT4/5 only shows bid lines by default hence there should be no spread added/substracted .
CMIIW
Also, i would make a suggestion so that the Spread Adjustment doesn't move the SL line directly by default, it should add the spread after the order is placed.. , since my SL usually at the high of a candle, it is kind a useless to use the spread adjustment since I want my SL to be still intact at least after the price make a equal high or +1 point. If the tool make adjustment before the order is placed, then when the current price is heading towards last high, it will trigger my SL even before making an equal high. This problem can be solved just by unchecking the SA button by default, and checking the SA button just before taking the trade, but it takes time to do so and there's a probability to miss best entry point, would be lovely to add the spread after the trade was placed.
Thank you for the best tool ever.
Last edited:
Hello PS Team,
I would like to ask if it is currently possible to set a multiplier for TP2 with current version?
I am moving my SL line graphically above price line when selling and below when buying, my TP1 is set with multiplier x1 and follows SL accordingly opposite price line. If TP2 could move just like TP1 that would be great but I can't find the right setting.
Thanks and best regards,
SM
I would like to ask if it is currently possible to set a multiplier for TP2 with current version?
I am moving my SL line graphically above price line when selling and below when buying, my TP1 is set with multiplier x1 and follows SL accordingly opposite price line. If TP2 could move just like TP1 that would be great but I can't find the right setting.
Thanks and best regards,
SM
The reason the SA checkbox exists in the ATR mode is to allow traders to set SL as an ATR multiplier (e.g. 1.00), but still place the actual SL where it would have been if the ATR value was subtracted from the Bid price rather than Ask price for Sell trades.
In all other cases, you can set SL exactly to the value you want it to be. For example, if you want it to be at recent high + 1 pip, you can just set it there.
If you tell me which broker/account type is that and your account currency, I will check this for you.
Thank you for your awesome work. When I understood that the first rule for becoming a profitable trader is to Manage Risk and Protect Capital I started to become profitable. So your EA amazingly helps us to follow that first rule. No emotions attached, let the EA do it by itself. I am definitely a fan of your work.
I am looking forward for the next release and would like as well to please request these features.
1. Activate the Trailing Stop only when a certain amount of points are in profit
2. Add the Pending Orders, but with a distance in points, instead of price.
Thanks again, and thanks for your contributions to the people and the world.
Br,
Mauro (from Colombia South America)
Last edited by a moderator:
Please use a different EA for that - https://www.earnforex.com/metatrader-expert-advisors/Trailing-Stop-on-Profit/
This might get added in the next version.
Hello, I'm trying to install the position calculator into my MT5 but I'm not able to copy the folder into the Experts folder of MQL5. I'm using a mac, could that be the issue?
iOS or macOS? You cannot install custom EAs on iOS. If you are asking about macOS, please see this post, it might help you:
https://www.earnforex.com/forum/threads/position-size-calculator.9511/page-75#post-192446
If the default Breakeven value is 0 it will not move to breakeven. Please check do you have attached EA with any other chart that has some BE value.
Setting the Breakeven field on the panel to 0 should be enough. Are you sure, the SL is being moved by the same instance of the EA?
I hope it's because of some missing library. Please install a new MT4 and try again.
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