Position Size Calculator MT4 Indicator

Position Size Calculator MT4 Indicator

Course Detail

Salepage: Position Size Calculator MT4 Indicator

Position Size Calculator tells you how many lots to trade based on:

Given entry and stop-loss levels

risk tolerance

Account size (balance, equity, or even your savings account)

Account currency

Price of the quote currency (when different from account currency)

Its main features include:

Works with any trading instruments — currency pairs, CFDs, equities, indices, commodities, futures, cryptocurrencies.

Calculation inputs and results are displayed inside a graphical panel.

The panels can be moved freely across the chart.

You can easily close or minimize it.

All calculation parameters can be adjusted inside the panel in one or two mouse clicks.

Entry, stop-loss, and take-profit lines can be dragged directly on the chart.

You can choose to set stop-loss and/or take-profit as distance in points.

Alternatively, you can set them as multiples of ATR (Average True Range).

If take-profit is given, the calculator shows the potential reward level and the risk-to-reward ratio.

Supports pending and instant orders (easy switching).

You can even calculate risk based on a given position size.

You can see current and potential risk and reward profile.

Information about required margin is available in a separate tab.

Calculator can show the maximum position size based on available margin.

You can enter a custom leverage to calculate position margin based on it.

Detailed swaps (rollover interest) information is available in a separate tab.

Optional spread display.

Optional display of the pip value for the calculated position size.

The indicator automatically saves and loads its inputs on timeframe change or platform restart, preserving your configuration efforts.

Custom profiles restore panel’s location, status, and settings.

Completely free and open-source project.

Does not require any DLL imports.

More From : Everything Else