Position Sizer

[Enivid]

I have another question about the "Trailing stop" and "Breakeven" fields in the TRADING tab.

Let's say I want to move my SL to break even when the trade is XXX points in profit. Do I need to specify this when I set up the limit order already (trade has not opened yet). Or can I still set this when the trade is already running?

You can set it any time. It will only start applying when the trade is open and the PS sees the given level profit. It will apply to all trades on the same symbol and with the same magic number as is currently set in the Position Sizer's Trading tab.

 

[El_Hamster]

You can set it any time. It will only start applying when the trade is open and the PS sees the given level profit. It will apply to all trades on the same symbol and with the same magic number as is currently set in the Position Sizer's Trading tab.

Ah ok that's what I suspected. I'm assuming that the local computer needs to be awake and running for this to happen, right? This is done locally, not on a remote server?

 

[Enivid]

Ah ok that's what I suspected. I'm assuming that the local computer needs to be awake and running for this to happen, right? This is done locally, not on a remote server?

Yes, it's done by the Position Sizer in real time, so it needs to be on and connected for this to work.

 

[letsfork123]

Hi guys , With the breakeven feature on live positions is it possible to move or drag the be level to a given low or area you want rather than having to type in the pips distance in order to apply be ? kind regards

 

[Enivid]

Hi guys , With the breakeven feature on live positions is it possible to move or drag the be level to a given low or area you want rather than having to type in the pips distance in order to apply be ? kind regards

No, that won't work.

 

[Luigi]

Hi Enivid / anybody,
Does somebody knows how to use the Position Sizer on the 10sec chart in MT5??
It works fine on the 1 min chart, but on the 10 sec it gives an error sound.
I used the Candle by Seconds EA to create the sec chart in MT5.
The installed the position sizer on the 10 sec chart.
Used different Risk %, nothing works.
How can I solve this, hope somebody can help??

 

[Enivid]

Hi Enivid / anybody,
Does somebody knows how to use the Position Sizer on the 10sec chart in MT5??
It works fine on the 1 min chart, but on the 10 sec it gives an error sound.
I used the Candle by Seconds EA to create the sec chart in MT5.
The installed the position sizer on the 10 sec chart.
Used different Risk %, nothing works.
How can I solve this, hope somebody can help??
View attachment 29077

Please read my exchange with @svob starting from this post:
https://www.earnforex.com/forum/threads/position-sizer.47384/post-235142

 

[dbjangfa]

My Earnforex Position Sizer Not Placing Trades. I don't know why. Algo is enabled. Please someone help me.

 

[Enivid]

My Earnforex Position Sizer Not Placing Trades. I don't know why. Algo is enabled. Please someone help me.

Please check the Experts tab for the error messages. Otherwise, it's impossible to tell what the problem could be.

 

[Luigi]

Please read my exchange with @svob starting from this post:
https://www.earnforex.com/forum/threads/position-sizer.47384/post-235142

Yes Thanks it works.
But I don't see the dashed EP, SL and TP on that 10s chart when executing or placing the order.
Is there a way to solve this?
Thanks in advance

 

[Enivid]

Yes Thanks it works.
But I don't see the dashed EP, SL and TP on that 10s chart when executing or placing the order.
Is there a way to solve this?
Thanks in advance

I don't think there's a way to show trade levels on a custom symbol chart.

 

[n00bster]

is there a way to set the pips value to show instead of points. will just make it easier to read.

 

[Enivid]

is there a way to set the pips value to show instead of points. will just make it easier to read.

No, sorry. A pip is undefined in terms of MetaTrader's internal data. While it could be imitated for most currency pairs, it's very vaguely defined for exotic currency pairs and most CFDs.

 

[El_Hamster]

Still quite new to the PS EA.
Maybe I'm wrong, but I think I've seen a field where the trader could fill in a TP factor. Like "2" for a TP that's 2 times the risk based on the SL.
I can't find it anymore. I've checked the EA properties, but cant find it there either. I know there's the "TP multiplier for SL Value, appears in Take-Profit button" field in the properties back-end, but I don't have it in the actual front-end where I plan and set my trades.

Or was I wrong and this field never existed in the front-end?

 

[Enivid]

Still quite new to the PS EA.
Maybe I'm wrong, but I think I've seen a field where the trader could fill in a TP factor. Like "2" for a TP that's 2 times the risk based on the SL.
I can't find it anymore. I've checked the EA properties, but cant find it there either. I know there's the "TP multiplier for SL Value, appears in Take-Profit button" field in the properties back-end, but I don't have it in the actual front-end where I plan and set my trades.

Or was I wrong and this field never existed in the front-end?

Here it is:

 

[7figure]

Hey I have a Problem with the position Sizer maybe someone could help me find out which setting I have to change.
When I do set a trade and I want to spit Risk. After setting my first trade, my Position size gets calculated wrong for the second trade, and I can't even Set a third one I want to. The message I get if as follow: Adjusted position size is less or equal zero. Not executing any trade.

Thank you in forewart for any answer!

 

[Enivid]

Hey I have a Problem with the position Sizer maybe someone could help me find out which setting I have to change.
When I do set a trade and I want to spit Risk. After setting my first trade, my Position size gets calculated wrong for the second trade, and I can't even Set a third one I want to. The message I get if as follow: Adjusted position size is less or equal zero. Not executing any trade.

Thank you in forewart for any answer!

It's difficult to say anything without seeing the screenshots. It would help to see the Main and Trading taps of the PS panel and also of the Trade tab of the terminal when this happens.

 

[El_Hamster]

Here it is:

View attachment 29185

That's the field that I mentioned, but there is no field or button to use on the front-end. So I can't be flexible and actually type a different number into it depending on the specific trade.

 

[Enivid]

That's the field that I mentioned, but there is no field or button to use on the front-end. So I can't be flexible and actually type a different number into it depending on the specific trade.

Oh, yes, I misunderstood you. There is no way to change that via the panel. There's only the input parameter.

 

[El_Hamster]

Is there a way to cancel a pending trade that has been submitted already when price reaches a level that would make the trade idea invalid?