Position Sizer

[Glock20]

I have 2 questions about Position Sizer
1) Is there any way I can set a tariling stop of 4 pips but that is activated when the price reaches a certain value or when it is, for example, 1:2?
2) in the breakeven check is it set how many pips from the entry price or is the price set?
Thank you

 

[Enivid]

1) Is there any way I can set a tariling stop of 4 pips but that is activated when the price reaches a certain value or when it is, for example, 1:2?

No, not with the Position Sizer.

2) in the breakeven check is it set how many pips from the entry price or is the price set?

How many points from the Entry price.

 

[Timo_97]

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.

Please refer to this tutorial for the installation process:

Installation tutorial for macOS:

You can download Position Sizer here.

The latest version is 3.09.

Thanks a lot for this! Works beautifully.

Only thing I'd like is an option to close partials at certain levels, or to perhaps have a partial SL option.

 

[Enivid]

Thanks a lot for this! Works beautifully.

Only thing I'd like is an option to close partials at certain levels, or to perhaps have a partial SL option.

That's what the multiple TP option is for.

 

[Dmh]

Hi, Enivid.
I often trade breakouts, Could you please add stop orders to the order types?

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[Enivid]

Hi, Enivid.
I often trade breakouts, Could you please add stop orders to the order types?

They are already there. If you set it to Pending and move the Entry line above the current price for Buy Stop and below the current price for Sell Stop.

 

[Glock20]

Hello Earnforex Team
Is it possible to set a BE profit in the Position Sizer EA?
The idea is that when the price reaches a certain value, you set the SL but not right at the entry price. You can set it a certain amount of Pips above (exit with a small profit and/or maybe even below the entry price to reduce the loss.

Are the values for Max Sleppage, Max Spread, etc. set in Pips or Tics?
Thanks

 

[Enivid]

Hello Earnforex Team
Is it possible to set a BE profit in the Position Sizer EA?
The idea is that when the price reaches a certain value, you set the SL but not right at the entry price. You can set it a certain amount of Pips above (exit with a small profit and/or maybe even below the entry price to reduce the loss.

No, the Position Sizer doesn't support BE extra profit, but there are EAs that can help with this.

Are the values for Max Sleppage, Max Spread, etc. set in Pips or Tics?

All set in points.

 

[Lynggerman]

I'm having a problem with this:



And no matter if I active the algorithmic trading, it keeps happening.

 

[Enivid]

I'm having a problem with this:

View attachment 31732

And no matter if I active the algorithmic trading, it keeps happening.

Please make sure you enable it both for the platform and for the EA (in its properties).

 

[Trader Bill]

This is a great tool!
I am having a small problem when using multiple take profit orders. I will place a pending trade with 4 take profit positions all at 25%. Everything looks right in the order window, 4 orders all with the same SL and different TP. However, when the entry triggers in, only 1 or 2 of the orders will fill. The others have an error saying "Filling the order is against the FIFO requirement." Position sizer 3.1 on MT4 through an Oanda demo account, GBPJPY.





Thank you for any help you can provide!

 

[Enivid]

This is a great tool!
I am having a small problem when using multiple take profit orders. I will place a pending trade with 4 take profit positions all at 25%. Everything looks right in the order window, 4 orders all with the same SL and different TP. However, when the entry triggers in, only 1 or 2 of the orders will fill. The others have an error saying "Filling the order is against the FIFO requirement." Position sizer 3.1 on MT4 through an Oanda demo account, GBPJPY.

View attachment 31809

View attachment 31810

Thank you for any help you can provide!

That's the consequence of Oanda's FIFO rule. You cannot have two or more trades with the same size and with SL/TP on them. The solution is rather simple - change the volume shares from 25/25/25/25 to something like 23/24/26/27, so that all your trades have slightly different size.

 

[Trader Bill]

That's the consequence of Oanda's FIFO rule. You cannot have two or more trades with the same size and with SL/TP on them. The solution is rather simple - change the volume shares from 25/25/25/25 to something like 23/24/26/27, so that all your trades have slightly different size.

Thank you for the quick response! Just ran a trade to test and it worked perfectly.