The position sizing tool is an indicator to help calculate in trading, such as loss and gain, lots size, and risk-reward ratio.
When you open the indicator, you must select the entry, take profit, and stop-loss points.
Be careful; The take profit point must be more than the entry point in the long position. On the other hand, it will be a short position. The stop loss point must be less than the entry point in the long position. On the other hand, it will be a short position.
For contract size, you can find details on MetaTrader, Ctrader, or your broker.
Informacje o Wersji
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Updated dashboard size
Informacje o Wersji
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SL Loss was the amount of money lost when SL reached. TP Gain was the profitable amount when TP reached
Hi Skiploss, I tried this sizer & it was correct for most xxx/usd pairs. but it was off for usdcad. you might want to check your calculations for non-usd denominators. I recognise your contribution but wrong calculations may be dangerous for newbs
dusktrader
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I really like how simple this is! I love that it's all visual... just drag the lines on the chart. This sets your indy apart from others I think. As a wishlist, could you also display units in addition to lots? To calculate units I think you just need to multiple lots by the account size (1000 for micro account I think)
richardsexton
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Just letting you know the balance currency is not working. I choose AUD and the number of lots stays the same. I think its stuck on USD. Can you possibly fix?
TLS_Trading_Method
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@richardsexton, yes. lot size is wrong. it works only for pairs with USD as the later currency like NZDUSD
vishwajitshelake22
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hi can you alter this code for ethusdt trading and position size in eth
Skiploss
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@vishwajitshelake22, Sure, if possible we will update the next version or new script on next month. Thank you for asking.
ArtemSP
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Thank you very much, friend, for this work)) Very conveniently and neatly done, nothing superfluous, as I like).
Skiploss
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@artem1776070, LOL ,If you want any more functions, you can tell me. I'll try it. haha