Position Sizer
- Thread starter Enivid
- Start date
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Dear Enivid, kindly make the maximum risk per symbol, total order separately. We could not use them both.
Kind regards
Kind regards
Do you mean that you want maximum risk to be observed on all symbols, but total orders for a specific symbol or vice versa? Or do you mean something else?
like, if We would like to take total risk 5% (all symbols) but maximum risk per instrument 1%. So If take order on EURUSD 1% we can't take order further more in that instrument. But we can take GBPUSD with 1% risk because still we have 4% risk (total risk is 5%).
Kind regards
Hi @Enivid and everyone else, thanks so much for this EA it's so cool !
I'm new to MT5 but not new to trading.
I'm having a bit of trouble with the commission parameter, sorry if this question has already been asked before.
I have a demo 8cap ECN account with a com of "5.5 eur/7usd per lot (round-turn)".
My account is in eur to 8cap aswell as for the EA.
The problem is, whatever the value i enter in the commission field in the EA, what it tells me i'm risking (EUR value) is never equal to what I loose when placing the trade.
(I'm losing trades on purpose on demo to figure that out)
I tried to enter a commission that aligns the input risk with the result, I tried setting the commission as 7$ converted in euros at the current rate, I even tried esoteric values like negatives...)
I'm so lost, can anyone help please ?
Thanks in advance
RastaBobby
I'm new to MT5 but not new to trading.
I'm having a bit of trouble with the commission parameter, sorry if this question has already been asked before.
I have a demo 8cap ECN account with a com of "5.5 eur/7usd per lot (round-turn)".
My account is in eur to 8cap aswell as for the EA.
The problem is, whatever the value i enter in the commission field in the EA, what it tells me i'm risking (EUR value) is never equal to what I loose when placing the trade.
(I'm losing trades on purpose on demo to figure that out)
I tried to enter a commission that aligns the input risk with the result, I tried setting the commission as 7$ converted in euros at the current rate, I even tried esoteric values like negatives...)
I'm so lost, can anyone help please ?
Thanks in advance
RastaBobby
Based on your broker's commission and your account currency, you should set the field to 2.25.
Thanks for your quick reply !
When i run 2.25, the difference between Input RR and Result RR seems pretty huge (4.76 down to 3.47) does that seem a normal thing to you ?
I'm taking a paper-trade with this value and hope to have consistent result with what is announced.
A bit out of topic there, but does that commission seem fair to you ? I used to be on a spread-only broker before, but moving to scalping I subscribed this ECN raw spread account... This difference between input/result RR seems huge to me though.
What do you think is cheaper between a steady 0.7 pips spread and no spread with this commission ($7 per round trip) ?
Sorry to ask but i'm really not sure about my maths on the subject
Thank you so much !
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If you could show me a screenshot with the Position Sizer panel and the resulting trade in your MetaTrader's Trade tab, that would help me to see if everything's correct.
As for the spread vs. commission, I would take $7 round-turn commission per lot with zero spread any day. I traded on a zero-spread account that had $20-30 commission and considered that OK.
That looks correct. You have gigantic position size and a very tight take-profit, so your commission takes a huge part of it.
@Enivid Ok thanks for the info.
The gigantic PS is due to the demo account being funded with 100 000 $, but do you think the ratio will be the same risking 1% of say a 2000 $ account ?
Does it seem profitable to you to scalp such small moves (1mn tf) ?
I had a good winrate when papertrading on tradingView (aiming at a 2,5:1 RR) but did absolutely not take commissions into account
The gigantic PS is due to the demo account being funded with 100 000 $, but do you think the ratio will be the same risking 1% of say a 2000 $ account ?
Does it seem profitable to you to scalp such small moves (1mn tf) ?
I had a good winrate when papertrading on tradingView (aiming at a 2,5:1 RR) but did absolutely not take commissions into account
You need to consider the ratio of your SL/TP to the commission, not the absolute size of your account. Your tight SL results in a high position size. That high position size results in a higher commission spending, which is large compared to your tight TP.
Ok thanks a lot.
I guess the strategy i'm inspired from (aiming for this 2.5:1 RR on the 1m on an ECN account) already takes commisions into account.
Thanks again this was very helpful for me !!
I guess the strategy i'm inspired from (aiming for this 2.5:1 RR on the 1m on an ECN account) already takes commisions into account.
Thanks again this was very helpful for me !!
Hi again @Enivid , sorry to bother you again.
I'm back to my computer and the loss for the trade I sent you the screenshot is way much larger than anticipated by the EA (5118 instead of 761) do you have any idea what could have happened there ?
No market gap or weird PA there, but the "price" section on the history panel (which i assume is the exit price) has nothing to do with the PA when the order was closed (see pic).
I don't normally trade at those low vol. hours, was just to test, but the gap seems huge to me anyway
I'm back to my computer and the loss for the trade I sent you the screenshot is way much larger than anticipated by the EA (5118 instead of 761) do you have any idea what could have happened there ?
No market gap or weird PA there, but the "price" section on the history panel (which i assume is the exit price) has nothing to do with the PA when the order was closed (see pic).
I don't normally trade at those low vol. hours, was just to test, but the gap seems huge to me anyway
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Your stop-loss execution slipped by 127 points. As to why that happened, you need to ask your broker.
The same for Max # of trades and Max volume for total & per symbol will be extremely helpful
Hello, I realy love this indicator. But when i am trading indices, scalping. SPX500 & NAS100. My position isn't calculated right. I risk 1% of my balance. But when my stoploss is close to my entry where my trade is invalid. The position size use only 0.1% of my account. When i put my stoploss further it use 0.5%. When i put it far away then it use 1% risk of my acc. Is there a solution for this?
Elaborate with scrnshot please.
Invalid mean. You might be very close to stop level. Which is you can find right click on the instrument and click specification. Then you will find the stop level. You can set SL with the Stop level +
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