Market / MetaTrader 4 / Utilities /

Position Sizer

30 USD

Demo downloaded: 109

Published: 3 October 2014

Current version: 1.36

Position Sizer

Utilities
Sergio D. Rocha
Version: 1.36
Updated: 10 May 2023
Activations: 5

PositionSizer is an indicator that calculates the number of lots you have to trade if want to risk a set percentage of your account per entry.

To start using it, just add it to a chart. When you want to get a position size you have to establish, just press Shift B on your keyboard to calculate a buy or Shift S to calculate a sell.

Three price arrows will appear on your chart. The blue one represents the point where you want to entry the trade, the red one represents the price to place the Stop Loss and the green represents the price to place the Take Profit. Just Drag them to the prices you want to settle for the calculation of your trade.

On the left side of your chart will see the information module. It consists of 2 buttons and 4 info items:

Base Value: the first item represents the starting value for your risk calculation. Initially it takes the equity of your account. If you prefer to see the balance, just replace the value with a negative value (ie. -1). Also, you can set an arbitrary value. For example, if you need to do the same calculation for several accounts, just enter the desired value in this space. If you want to return to the equity, just enter 0.
Pips to risk: displayed in the second field are the pips that you are willing to risk, meaning the distance in pips from the entry (blue arrow) to the Stop Loss (red arrow). Please note, that each time you change a position of those arrows, the value of the pips will change.
Percentage Risk: here you set the percentage of your account you are willing to risk. For example, if you have 100,000 on your account and want to expose (no matter how many pips you need) 1,000, you are going to expose 1% of your account. You can set a default exposure in the properties yet you can still select a different one at any time by typing it in this field while the controls are visible.
Position Size: this is the number of a lot that you need to open in order to expose to the risk the previously set percentage of your account.

Additional info: under the Stop Loss an Take Profit arrows displayed are the changes in your account to followin if you open the deal.

Buttons: press the red-cross button to hide the controls of the indicator. To move the panel to a different part of the chart, left click on it with a mouse and drag. To fix the panel on the desired location, just press the hand-button again.

Please watch the demo video to understand this indicator better and see how it works.

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Trailing Even is a free complement for the Control adora Expert Adviser. It adds a trailing stop function and changes the exit level that works as stop loss if some price is reached, let's review how to make it work: First of all make sure you have the same language selected both in the Control adora Expert and in this indicator. Change of the exit level that works as stop loss with "BES" and "BEO": This function needs 2 arrows to work: 1 named BES (stands for Break Even Start) place it at the

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"TradeALot" is a plug-in for the Expert Advisor Control-adora . It allow you to place programmed orders without the need to write the name of the order in the Arrow (like bs, ss, bl, sl, sl1, sl2, etc). Just drag and drop the button for "Programmed Buys" or "Programmed Sells" over the candles-zone at the place where you want to program the order and TradeALot will compare the bid price with the position where you dropped the button and will decide if the order need to be "Stop" or "Limit". With

FREE

This is a system consistent of 2 components: RepliTrades Source: It sends the trades to one or more terminals into the same Computer RepliTrades Trader: It trades the orders sent by RepliTrades Source Please watch the video to learn how it works and use it. Features: Manage up to 300 trades at same time in each terminal Work with any broker, no matter if uses suffix or prefix in symbols names Replicate pending orders (limits or stops orders) or direct trades (market orders, etc) and its modif

FREE

This is a technical indicator that works as a plug-in for "Control adora" - the Expert Advisor that helps you to calculate, place and control positions on the chart. When run on a chart with Control adora EA, this plug-in allows setting entry levels that send orders at contact, while you have StopCloseOnly (OCO in Comments) = 1 settled in Control adora (meaning that without this, the indicator will send the order only when the price Close crosses the arrow level). This indicator only works if yo

FREE

AllHere is a plug-in for Control-adora that works as information panel. Its main function is to show you all the Control-adora elements placed in the chart, like the Control-adora's orders or the exit lines. On the lower left corner, AllHere shows a collection of buttons classified by color (you can set them in the indicator's properties) for several elements used in Control-adora system: Stop loss indications (stop loss Arrows) Exit lines Above (Above trend lines) Exit lines Below (Below trend

FREE

CorExTi is a tool that will save you literally hours in your daily routine to draw lines and other graphic elements in your charts. With a temporary panel discreetly displayed on your screen at the touch of a graphic element as trendline: Changes the object between 4 favorite line styles (with color, line thickness and style) Cuts trendlines, when are extended, just at the point where you touch them Extends trendlines (active property of Ray) which are not extended Or deactivates visualizat

30 USD

The best way to monitor multiple pairs within little workspace. RotaGrafico sequentially displays up to 6 different pairs. It has buttons to set a pair more time for observation. Normal exposure time adjustable. Broad exposure time adjustable. Combine in a profile, Rotagrafico and use the rest of your workspace to the pair that you want to analyze in detail.

30 USD

Did you have to start again the very same analysis because the original one, from where you want to modify, just have so much information that no longer fits? Have you ever wanted to change some in one of your charts and make this new line, Fibo or channel automatically appear in some or the rest of your set of charts? Object Copier is the solution to replicate any object into one or several charts at your desire. No matter if you changed an object, or made it from the scratch. With Object Copie

30 USD

Controladora means in Spanish controller, this is a simple yet powerful Expert Advisor that allows you to control your trading easily and precisely. Do you want to stop your trade when the price cross a trend line? Don't worry, Controladora can do it. Do you want to take profit when the price reaches the top of a channel? Controladora can do it as well. Calculating the exact proportion of your account by opening a trade, which size represents in case of loss a percentage of your balance, is time

69 USD

When you combine short term fibos with the long term, your chart get missed up with a lot of lines that hardly make sense at first view. The best way to improve the clearness and there for the easiness to read your chart is by deleting the fibo levels that you no longer need, for example those levels that the price proved didn’t work as support or resistance. With Fibo Pro, you can activate or deactivate from a set of fibo levels pre-settled by you, without miss with the default fibo configurati

30 USD

BreakEven shows the location of the average price level of the orders in the symbol, to which the indicator is attached. This information allows you to find the break-even. The indicator is helpful if you manage several positions, since it allows you to evaluate the performance of your open trades in a glance. If you trade a single order, it allows you to evaluate the effect of your stop loss and the profit or loss during the time your trade is open. Apart from drawing a break-even level line (w

30 USD

Gann Line indicator is usually used in combination with other Gann’s techniques, some say this is a key point in its success. The Gann line is interpreted as trend indicator, a series of higher highs and higher lows in it's trend are considered bullish, and a series of lower lows and lower highs are bearish. As with other technical indicators, for better results Gann Line should be used in combination with other technical concepts as Gann Fan, fibo, swings, supports and resistance, etc. When rev

30 USD

This is a system consistent of 2 components: RepliTrades Source: It sends the trades to one or more terminals into the same Computer RepliTrades Trader: It trades the orders sent by RepliTrades Source Please watch the video to learn how it works and use it. Features: Manage up to 300 trades at same time in each terminal. Work with any broker, no matter if uses suffix or prefix in symbols names. Replicate pending orders (limits or stops orders) or direct trades (market orders, etc) and its mo

35 USD

The indicator that helps you by plotting a reference to easily determine if a scalping trade (or intraday trade) has chances to work out in your favor. One of the most common issues intraday traders have is the lost of reference to know if a movement is big or small due to the scaling of the chart. With this indicator, you have 3 visual aids on your chart that will help you: "Screener" : Please set the normal stop loss size that you usually apply in your strategy. This will plot a rectangle afte

30 USD

Gann and other analyst had found a curious correlations between moon phases and change in trends, this is an excellent indicator to test those relation and use what you find useful. It's very simplistic, can calculate the moon phases using the average moon cycle duration of 29 days 12 hours 44 minutes since the 1970 first full moon registered at January 22nd. You can also place a known full moon's date, to start the count since the daily opening of that date. In its window will plot a vertical l

30 USD

This indicator plots a crosshair pointer in all charts of the terminal in the position relative to the active chart. To activate the Pointer Sync, just press the "+" button that will appear in one of the 4 corners of the chart where the indicator is added. To deactivate the Pointer Sync, just press the "+" button again. Once Pointer Sync is deactivated, the cross lines will disappear in all charts as well. You can adjust the color of the pointers and the button, the corner where the button appea

30 USD

This indicator plots a line that shows the high and low of a higher time frame than the one where you have actually in your chart. For example if you want to see the high and low of the day while you are in 1hour chart, set Boundaries to Daily. Boundaries have predefined Monthly, Weekly, Daily and Hourly time frames, but if you want to use a different timeframe, just choose the option Other_TF and write on the next field the minutes for your desired timeframe. As MT4 only works beyond M1 with 5,

30 USD

This indicator works exactly the same as the Boundaries indicator, but here as a free demo that only shows the high and low of the week. As the Boundaries indicator does, this indicator can work with any symbol. In the Colors tab you can set the color for the Upper and Lower boundaries. Please review the pics or watch the Boundaries indicator video to better understand how it works.

30 USD

Having a trade about to reach its take profit and suddenly see that it turns around to go strait ahead to your Stop Loss is one of the few things that makes me curse (a lot). This is why I created AntiCurse. Just add this Expert Advisor to an empty chart, set a "Trigger" and "Lock" in its properties and you'll have one less reason to curse! AntiCursing Settings: "Trigger" is set in percentage terms, it is the distance between the entry price and the Take Profit that needs to be covered in orde

30 USD

When drawing a trend line or other objects, there is a natural deviation when you place the object from a higher time frame, and then go to watch it in a lower time frame. PerfectLine is a technical indicator that solves this problem. Once you touch a line after drawing it, Perfect Line will find the exact spot in the lower time frame available for it's position and then rectifies where it should be. Perfect Line uses a five pixels pre-established tolerance, if a difference between the line's no

30 USD

The Polarized Fractal Efficiency (PFE) was introduced by Hans Hannula in 1994. The indicator was intended to quantify the efficiency of price movement and how trendy or choppy the recent past price action has been. This is calculated by contrasting the price traveled in the window of study against the total accumulation of movements during the same period of time. For example: If in 10 days, an active raised from 50 to 100, by increasing it's value 5 points or dollars each session, the effici

30 USD

Cross Alert is an all-in-one solution for oscillators' cross over and under. Cross Alert manages the levels for the cross under and cross over separately. Thanks to this you can use it to signal zero cross over (by fixing both levels, above to below, and below to above as zero) or over-bought and over-sold levels (like 70 and 30) as well. With CrossAlert you can also avoid alerts from one kind of crosses (overs or unders), for example if you are in an uptrend perhaps you do not want to have ale

30 USD

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Version 1.36 2023.05.10

Added hability to proyect risk reward ratios automatically: Now in settings fix a risk reward ratio and when you move the Stop Loss key arrow, or the Entry Level arrow in your chart, the Take Profit arrow will move to reflect the risk reward ratio. If you move the Take Profit arrow only will adjust the indication of risk reward in the panel (second data in second row).

Version 1.32 2023.05.09

Added 3 new values to the info panel in a second row:
1.- Initial Margin needed to open the calculated trade
2.- Risk Reward relation
3.- Margin required to maintain the position until stop loss (swap not included).

Version 1.22 2023.02.24

Improve buttons functionality even in high frecuency price change

Version 1.20 2023.02.23

Improved the keys event management (Control B for buy and Control S for sell)

Version 1.10 2021.11.22

Recompiled with latest MT4 build, requested by mql5.com