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Spread Display and Take-Profit Multiplier in Position Size Calculator

It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug.

Take-profit button multiplier (set via input parameter) can be used to multiply SL value when setting up TP using the button:

PSC - Take-Profit Multiplier Button Demonstration

Spread display can now be turned on and observed in the caption of the panel (near the title):

PSC - Spread Display in Panel's Caption

Additional funds can now be set via input parameter. They will be added to the account balance or equity. When a non-zero value is set, an asterisk near the account size display is signaling that the value has been adjusted:

PSC - Additional Funds Applied to Balance

New input parameters can be used to set default values in chart templates: commission, order comment, take-profit multiplier, show spread, additional funds. This can be useful when using PSC with the same settings in multiple charts:

PSC - New Input Parameters for Default Values

Previously, if you somehow reduced the vertical chart space so that the panel no longer fits, the panel would be moved beyond the upper border of the screen. Now, it will snap back down and you will still be able to operate it:

PSC - Panel Snaps Back After Disappearing

If you prefer not to use MetaTrader, you can opt for the web version of the position size calculator. Despite being very different from the MetaTrader version, it will let you calculate position size easily.

If you have any suggestions or wish to report a bug for this MetaTrader indicator, please use 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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