Calculating position size automatically
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Thread: Calculating position size automatically

  1. #1

    Calculating position size automatically

    I use appliions to figure position size linked to% acc balance and set a trade within minutes. What appliions do you use?

  2. #2
    Quote Originally Posted by ;
    I do not utilize any Which s/ware do you use and is it reliable?
    I utilize the PFO script which Andrew Mitchem (The Forex Trading Coach) sells. It's totally reliable and I couldn't imagine using any other procedure.

    The reason why I ask, I do not come across any threads on this subject and I am wondering whether many retail traders are utilizing a long winded approach as we probably came across in the beginning. Mt4 currently has the One Click trading but it is futile when wanting to specify a % risk of acc balance.

  3. #3
    I do not use any
    Which s/ware do you use and is it reliable?

  4. #4
    Quote Originally Posted by ;
    I use appliions to calculate position size related to% acc equilibrium and set a trade within seconds. What appliions do you use?
    For placing market orders using a fixed SL and TP, I occasionally use the attached script. It's also capable of placing multiple orders with different TPs, for scaling out.

    The script was written using Metaeditor/compiler build 509, hence it will probably compile with errors, unless you do so first. Otherwise download the ex4 file just. I have included the source code so that anyone who's interested can copy the risk/pos size calculation formula.

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