Position Size Calculator MT4 Indicator

Course Detail

Salepage: Position Size Calculator MT4 Indicator

Merchandise Description
The position size calculator estimates your required trading volume depending on:

given the stop-loss and entry levels
Risk acceptance
Account volume (balance, equity, or even your savings account)
Price of the quote currency in the account currency (when different from account currency)

Its key attributes are as follows:

Works with all types of trading products, including cryptocurrency, futures, equities, indices, CFDs, and currency pairings.
Inputs and outputs for calculations are shown on a graphical panel.
The panel may be freely positioned anywhere on the graph.
It is simple to reduce or shut.
Within the panel, all calculation parameters may be changed with one or two mouse clicks.
You may drag entry, stop-loss, and take-profit lines straight into the chart.
You have the option of setting your take-profit and/or stop-loss as a distance in points.
You may also configure them to be multiples of ATR (Average True Range).
The calculator displays the prospective reward level and the risk-to-reward ratio if take-profit is specified.
bolsters pending and immediate orders (easy switching).
Even risk may be calculated using a certain position size.
You may view your risk and return profile, both present and future.
A separate tab contains information on the necessary margin.
The maximum position size depending on the available margin may be calculated.
To base the calculation of position margin on a custom leverage, enter it.
A separate tab has comprehensive information on swaps (rollover interest).
wide display, if desired.
display of the pip value for the estimated location size is optional.
On timeframe changes or platform restarts, the indicator automatically stores and reload its inputs, maintaining your setting work.
Location, state, and settings of the panel are restored by custom profiles.
completely open-source and free project.
doesn’t call for the import of any DLLs.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.