• Overview
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  • Comments (25)
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Trade Easily

5

Money Management will help you to Easy Trade with One Click, instance and pending, set SL, and manage number of your TP.

You can use this expert for different currency pairs, CFDs, cryptocurrency, and stocks.


The basic formula for calculating pip value and position size which has been used in this expert are:


Pipette Value = Position Size * (Exchange Rate (Base Currency) / Entry Price) * Contract Size * Digits

Exp. 

Account Currency: USD

Currency Pair: GBPJPY

Position Size: 0.05 Lot = 5000 units

Exchange Rate (Base Currency) [GBPUSD]: 1.36820

Entry Price: 156.221

Contract Size: 100000

Digits: 0.001


Pipette Value = 0.044 $

Pip Value = Pipette Value * 10 = 0.44 $


Position Size = (Risk * Net Balance * Entry Price) / (Stop Loss * Exchange Rate (Base Currency) * Contract Size * Digits)

Net Balance = Account Balance – Commissions and Swaps of all open positions

Exp. 

Account Currency: USD

Currency Pair: GBPJPY

Risk: 2 % = 2/100 = 0.02

Account Balance: 1000 $

Entry Price: 156.221

Stop Loss = 500 pipette (points)

Exchange Rate (Base Currency) [GBPUSD]: 1.36820

Contract Size: 100000

Digits: 0.001


Position Size = 0.04567 Lot = 4567 units


if you have any question feel free and ask me.


Reviews 4
maryam rostami
18
maryam rostami 2023.09.13 11:47 
 

After a few days of using this expert, I must say it's truly excellent. It is both highly efficient and accurate while remaining very simple. I've tried many experts, but in my opinion, this one is the best of them all. I'm very thankful to its creator.

Rich8989
217
Rich8989 2023.07.16 15:55 
 

Its a very useful and excellent tool. Thankyou very much, Bro for your generosity.

clarky
31
clarky 2022.12.26 23:48 
 

Excellent tool. No problem scalping. Saves a lot of time and effort. Easy to set up. Perfect for taking the TS out of the equation. Thank you.

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Mehrdad Zarei
5 (1)
Money Management   will help you to Easy Trade with   One Click ,   instance and pending, set SL, and manage the number of your TP . You can use this expert for different   currency pairs, CFDs, cryptocurrency, and stocks . The basic formula for calculating   pip value and position size ,  which has been used in this expert, are: Pipette Value   = Position Size * (Exchange Rate (Base Currency) / Entry Price) * Contract Size * Digits Exp.  Account Currency: USD Currency Pair: GBPJPY Position
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maryam rostami
18
maryam rostami 2023.09.13 11:47 
 

After a few days of using this expert, I must say it's truly excellent. It is both highly efficient and accurate while remaining very simple. I've tried many experts, but in my opinion, this one is the best of them all. I'm very thankful to its creator.

Mehrdad Zarei
4595
Reply from developer Mehrdad Zarei 2023.09.14 10:55
Happy to hear that! enjoy trading,
Mehrdad Zarei.
Rich8989
217
Rich8989 2023.07.16 15:55 
 

Its a very useful and excellent tool. Thankyou very much, Bro for your generosity.

Mehrdad Zarei
4595
Reply from developer Mehrdad Zarei 2023.07.27 20:40
Happy to hear that! enjoy trading,
Mehrdad Zarei.
clarky
31
clarky 2022.12.26 23:48 
 

Excellent tool. No problem scalping. Saves a lot of time and effort. Easy to set up. Perfect for taking the TS out of the equation. Thank you.

Mehrdad Zarei
4595
Reply from developer Mehrdad Zarei 2023.01.13 10:17
Happy to hear that! enjoy trading,
Mehrdad Zarei.
Samir Nahle
454
Samir Nahle 2022.07.01 14:49 
 

Hello Brother, thank you a lot for this necessary and handful tool. I wish it had also the REVERSE option for scalping and HFT (high frequency trading) where we need speed and we have only seconds to push the button.

Mehrdad Zarei
4595
Reply from developer Mehrdad Zarei 2022.07.01 15:10
Hello bro, thank you so much for your nice idea. hopefully, the next revision would be added.
Reply to review
Version 1.10 2022.08.25
1. Shortcuts for Buy and Sell have been added: b for Buy and s for Sell
2. Set default Pending value 0 or 1
3. Debugging pending price line position (now is set in the middle of char)
4. Set Position of Expert anywhere you want by pixel
5. Now, you can set your Risk by an amount, not just a percentage
6. Set default Risk value by percent or value
7. Set default SL(points) value
8. Set your TPs value based on SL. For example TP_V1 = 1.5, it means your TP1 = 1.5 * SL