Experts: Forex Calculators - page 5

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Hi,

If you want to see this code in action, have a look at this: 

https://lionheartfundingprogram.com/tools/trading-calculators/

What I have discovered is a multi-functional trading calculator that includes: 

  • Margin Calculator: Calculates the necessary margin required to open and maintain positions.
  • Lot Size Calculator: Calculates the amount of lots one could purchase, based on your risk appetite or strategy.
  • Profit Calculator: Helps traders estimate the potential profit or loss based on input parameters like entry and exit points.
  • Pip Point Value Calculator: Determines the value per pip in a trader’s currency pair for better risk assessment.
  • Pip Price Value Calculator: Calculates the price per pip in the quote currency, aiding in precise trade size and leverage adjustments.

Hope this helps!

 

Hello Amrali,

in your EA: Point Value Calculator,

and in your function: CControlsDialog::OnClickButtonCalculate(void), you invoke mPointValue like this, double PointValue=mPointValue(symbol,(bool)order_type), referencing the order type.

but in library Functions.mqh you define mPointValue like this: double mPointValue(string pSymbol = NULL, bool isProfit = true), referencing isProfit.

Could you explain better this parameters corrispondence ?

with cordiality, Sabino.

 
Sabino Martiradonna #:

Hello Amrali,

in your EA: Point Value Calculator,

and in your function: CControlsDialog::OnClickButtonCalculate(void), you invoke mPointValue like this, double PointValue=mPointValue(symbol,(bool)order_type), referencing the order type.

but in library Functions.mqh you define mPointValue like this: double mPointValue(string pSymbol = NULL, bool isProfit = true), referencing isProfit.

Could you explain better this parameters corrispondence ?

with cordiality, Sabino.

MetaTrader 5 calculates profits of long/short orders (or positions) using the appropriate tick_values:

SYMBOL_TRADE_TICK_VALUE_LOSS  is used to calculate profit of LONG orders.

SYMBOL_TRADE_TICK_VALUE_PROFIT  is used to calculate profit of SHORT orders.

Further explanations are here and here.

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