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MetaTrader Panel for Position Size Calculator

In February 2008, I have launched a simple online position size calculator — a tool that helped thousands of traders to open trades based on their risk preference. In March 2012, I have published the first version of position size calculator (PSC) indicator for MetaTrader. Now, 4 years later, I am honored to present the latest iteration in the development of PSC — the position size calculator with a graphical panel:

Position Size Calculator for MetaTrader - Graphical Panel

In addition to an entirely new user interface, the latest version of this position sizing indicator includes:

  • Account currency display.
  • Current leverage display.
  • Custom leverage input for margin calculation.
  • Calculation of the maximum position size with all the available margin.
  • Configuration saving and loading.
  • Compatibility with hedging mode in MT5 (including the trading script).

This video briefly explains how to use this indicator, including placing trades using its outputs:

If you find any bugs in this calculator panel for MetaTrader or if you have some cool ideas to add it, please post them using the commentary form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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