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Forex Position Sizing Calculator for MT5

30 USD

Demo downloaded: 12

Published: 12 February 2024

Current version: 7.2

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Forex Position Sizing Calculator for MT5

Utilities
Christian Paul Anasco
Version: 7.2
Updated: 13 February 2024
Activations: 5

You can now have your own forex position sizing calculator!

There's no need to go to other websites just to compute for the exact lot size. It also opens the trade with a click of a button.

All inputs on the calculator can be edited. So if you want to change the SL or TP or the lot size, you can do so before placing an order.

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STOP LOSS. Stop loss in pips (not points). Click on the stop loss text and it will change from green to red or red to green. Red text means there will be no stop loss added on the order.

TAKE PROFIT. Take profit in pips (not points). Click on the take profit text and it will change from green to red or red to green. Red text means there will be no take profit added on the order.

RISK IN PERCENT. Have the option to use a risk percent or a fixed risk amount. Simply click on the text and it will change from RISK IN USD (Whatever is the account currency) to RISK IN PERCENT.

RISK IN USD (or your account currency). It will use the fixed amount for lot size calculation.
RISK IN PERCENT. It will use the percent that you set which is from 0 to 100. It will be computed from the account balance and used it for lot size calculation. Max value should be 100.

LOT SIZE. Lot size that will be used when you open a market or pending order. It can be edited as you see fit.

ENTRY PRICE. This will be the exact entry price used when opening pending orders.

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Add it like an expert advisor on the chart of the market you're trading.

Make sure that automated trading is enabled on these 3 locations.

Tools >> Options >> Expert Advisors. Make sure that Allow algorithmic trading is checked.
Algo Trading button on top is enabled.
After adding the NewCalculator on the chart, under Common tab, make sure that Allow Algo Trading is checked.

more...

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Now, you have your own AUTO-CLOSE program ! Once your account target or drawdown hits, all open orders will be closed automatically. ========================================== INPUTS: Account target: Put the exact account target. Once the equity hits it or went above that, all orders closed. Please add buffer to consider slippage. Use fixed value or dynamic value: Choose whether you will need a fixed value or dynamic value for drawdown. DYNAMIC SETTINGS: Equity-based or Balance-based drawdo

Ever thought of your broker stop hunting your stop losses? Incognito SL and TP is exactly what you need! As promised, version 1.1 now has the SL and TP lines that can easily be adjusted by the user. ========================================== INPUTS: SL: Exact price you want the orders for the chart symbol to close when this SL price was hit. Set to 0 for no SL. TP: Exact price you want the orders for the chart symbol to close when this TP price was hit. Set to 0 for no TP. ======================

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Ever thought of your broker stop hunting your stop losses? Incognito SL and TP is exactly what you need! As promised, version 1.1 now has the SL and TP lines that can easily be adjusted by the user. ========================================== INPUTS: SL: Exact price you want the orders for the chart symbol to close when this SL price was hit. Set to 0 for no SL. TP: Exact price you want the orders for the chart symbol to close when this TP price was hit. Set to 0 for no TP. ======================

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A very simple position sizing calculator to help traders calculate the right lot size per trade. It also places the order with one click. All inputs can be edited. So if you want to change the SL or TP or the lot size, you can do so before placing an order. The inputs are the following: SL - stop loss in pips (not points). set to 0 before placing an order to not add SL. TP - take profit in pips (not points). set to 0 before placing an order to not add TP. RISK - dollar amount to risk. it will u

Now, you have your own AUTO-CLOSE program ! Once your account target or drawdown hits, all open orders will be closed automatically. ========================================== INPUTS: Account target: Put the exact account target. Once the equity hits it or went above that, all orders closed. Please add buffer to consider slippage. Use fixed value or dynamic value: Choose whether you will need a fixed value or dynamic value for drawdown. DYNAMIC SETTINGS: Equity-based or Balance-based drawdown:

You can now have your own forex position sizing calculator ! There's no need to go to other websites just to compute for the exact lot size. It also opens the trade with a click of a button. All inputs on the calculator can be edited. So if you want to change the SL or TP or the lot size, you can do so before placing an order. ========================================== STOP LOSS . Stop loss in pips (not points). Click on the stop loss text and it will change from green to red or red to green. Re

Close all trades at the specified hour and minute! Once the specified time is hit, all orders will be automatically closed. ========================================== INPUTS: Closing type: Set to specify if you wanted to close all of the trades on the account or just the trades under the current chart symbol. Closing hour: Set the exact closing hour. Closing minute: Set the exact closing minute. If current time is equal or more than the closing minute and is equal to closing hour, then all

A very simple position sizing calculator to help traders calculate the right lot size per trade. It also places the order with one click. All inputs can be edited. So if you want to change the SL or TP or the lot size, you can do so before placing an order. The inputs are the following: SL - stop loss in pips (not points). set to 0 before placing an order to not add SL. TP - take profit in pips (not points). set to 0 before placing an order to not add TP. RISK - dollar amount to risk. i

Close all trades at the specified hour and minute! Once the specified time is hit, all orders will be automatically closed. ========================================== INPUTS: Closing type: Set to specify if you wanted to close all of the trades on the account or just the trades under the current chart symbol. Closing hour: Set the exact closing hour. Closing minute: Set the exact closing minute. If current time is equal or more than the closing minute and is equal to closing hour, then all

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Version 7.2 2024.02.13

Priority added on clicking buttons when near other objects.