Thank you for suggesting smart calculator for position planning.
For real-time drawdown managment of different lots, a dynamic breakeven Line is needed for the present trade cycle.
Since pips/dollars will be difficult to implement it will be useful if you can just print on the chart text average entry and stoploss in PIPS (not $) along with lots statistics.
Most of analytical statistics are now freely available sites like myfxbook and fxblue, but the trades needs a dynamic Breakeven Line for the present trade cyle.
You can generalise current floating DD on 1 pair in a varying lot cycle as follows in Excel:
[SUM [(Trade1_lotsize*DD_pips*$perlot + Trade2_lotsize*DD_pips*$perlot+ ... + TradeN_lotsize*DD_pips*$perlot)]]/(Initial _Account_Balance)*100
Where Trade 1 is the first trade in the Varying Lots cycle and trade N is the very last trade in the same trade cycle.
The following calculation gives the current cycle $DD:
Current Varying Lot cycle DD ($) = SUM [(Trade1_lotsize*DD_pips*$perlot + Trade2_lotsize*DD_pips*$perlot+ ... + TradeN_lotsize*DD_pips*$perlot)].
Ah, I understand, it's a sum of MAE of all positions currently held, I will think on this suggestion, it may require additional formalization points...
I have been using the Equity-monitor for some time but recently my broker had changed the server and all the forex pairs and instruments comes with a suffix of -5 (for example EURUSD-5) and the indicator stopped working.
Is there anything that can be done in the code to fix this?
Hello, please look into parameters FX_prefix and FX_postfix, you may set appropriate broker symbols using it