Codes
Position Size Calculator for MetaTrader 5
MT5 Indicator for Position Size Calculation
Position Size Calculator for MetaTrader 4
MT4 Indicator for Position Size Calculation
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Correct way to calculate lot size
There are many different ways to calculate the lot size in MT4 platform. But most of the examples on the web are neither meaningful nor useful in a robust indicator/expert code. Following is the code I used in my indicators/experts to calculate the lot/volume size properly. Main advantage is this
Exit matters more than the money management or entry
This is the single most important rule of trading but many traders pays least attention to this most of the time. Ready to know? The key to making money in financial markets is knowing at what point you are going to exit the running position(s). Basically there are 2 exit levels in a particular