PSI Position Smart Indicator
Position Smart Indicator
Indicator type: Money Management Calculator; Forex Position Size Calculator; Fixed or ATR value for Stop Loss and Take Profit levels; Average Position Size Indicator (True Average Price); Account Information and much more.
Be Smart! Calculate your position before you apply your strategy. Know where you are standing, what you are risking, what you put on the table and what you expect to gain. Do you know all that? Well don’t make wild guesses. Just know and be relentless!
The indicator lets you chose risk parameters and calculates the maximum lot size you have to put in the trade plus many additional information panels with commission, swap, pip and point value, real risk taken, spread in points, value and % of the equity, the real average price of the position (accounts for commissions, swap and hedged trades), net result in deposit currency, pips or points and much more.
Among some of the features you can get from this indicator are:
- The range and remaining time of the last candle.
- Stop loss factor. Standard 1.5 times the ATR.
- Take profit factor. Standard 1.0 times the ATR.
- The current equity and allowed risk.
- The maximum allowed lot size.
- The pip and point value.
- Spread in points, percentage from the equity and real value in deposit currency.
- Swap and Commissions.
- Buy Stop Loss, Buy Take Profit, Sell Stop Loss and Sell Take Profit.
- It also presents commission, swap, the real risk and projected gain based on all hidden costs and maximum allowed lots.
- The margin requirement for the trade.
- You can add comments or motivational quotes to your screen or see the instrument description.
- You can change the font face and size.
- You can see your overall account equity, free and used margin.
- You can choose which information panels to show and which to hide. It also lets you use a light version with only the most important information on the screen.
- You can even use this indicator for trailing stop strategies and scaling out.
- Average price line with the net position, the size, the net profit and the net distance to break-even.
Money management is the first and the most important skill you must learn in trading, especially in Forex. Don’t make the mistake anyone else does and learn it the hard way. Use your time and money wisely to acquire this skill.
With this indicator you will have anything you need to precisely position yourself and make smart decisions. If this is not very useful, detailed and pedantic then what is?
Important Note: If you want to test the Demo due to the fact that the MT4 Strategy Tester focus only on the current pair test on pair having your account currency as part of it. For instance open a Demo account in USD and test on EURUSD, GBPUSD, USDJPY, Gold, Silver, etc.
The Ms. Fibonacci is a FREE indicator that automatically draws and adjust new highest and lowest Fibonacci levels on the chart. The most important thing is, draw the Fibonacci levels correctly point to point and mark that price levels. Features Draw Fibonacci levels and automatically adjust each level. Most important Fibo Levels are included (0, 23.6, 38.2, 50.0, 61.8, 100.0, 161.8). User friendly parameters. Lines, Labels, colors and all other items can customize for a better look. Paramete
Utility for show on charts the visual informations about: - a vertical line at start of each bar of selected timeframe - a vertical line at start of each day - a vertical line at start of each week - vertical lines at start / end of trading sessions selected - bid / ask prices, spread, money value for each point (of 1 standard lot) and last tick time recived" You can enable / disable each information and set the color for each line
New High Low Close Alarm informs when a price leaves a trading range. The indicator draws two horizontal lines on the chart marking the lowest Low and the highest High of the n last bars ( n depending the setting). The lines can be moved in the chart after a double-click, the indicator reads its value directly from the chart. When the Bid-price passes one of the lines, an alarm informs about it. Also, a Close price over or under a line can trigger the alarm if set so. If a bar marks a new lowest
Free automatic fibonacci is an indicator that automatically plots a fibonacci retracement based on the number of bars you select on the BarsToScan setting in the indicator. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. You can select which level values to be displayed in the indicator settings. You can also select the color of the levels thus enabling the trader to be able to attach the indicator several times with differe
Fibonacci retracement This indicator is based on use of Fibonacci retracement. I use Fibonacci levels for last year for important levels, where market stops and turns. These levels are important Price Action levels and market respect them. I do not use here traditional Fibonacci retracement, where you find high and low of certain period - such as big move up and then you look for price to retrace down and buy on Fibo levels. This indicator finds high and low of last year and then draw Fibonacci
The indicator is designed for determining Fibonacci levels. Does not repaint/redraw The blue level shows the zero Fibonacci value (it is also the Pivot level) Red levels show calculated Fibonacci levels (used as a rollback or reversal point) Automatic period detection (periods can be entered manually) Adjustable display calculation method. Settings BarsHistory - the number of bars to be used to display the indicator. Method - method of calculation. AutoPeriod - automated period calculation (true
The next indicator draws Fibonacci supports and resistances (9 lines based on next percentages 0%, 100%, 50%, 23.6%, 38.2%, 61.8%, 76.4%) based on predetermined number of bars. It has the next input: periods: Number of periods to calculate Fibonacci levels. The supports and resistances can be modified in terms of colour, width, style. The indicator repaints past data when changing timeframe, pair or updating so the only important data is present data that means it makes no sense to backtest how
The Daily Fibonacci Levels is an indicator designed for displaying the Fibonacci levels by days using horizontal lines. Displayed levels: +100% (high) +61,8% +38,2% +23,6% average = (high+low)/2 -23.6% -38.2% -61.8% -100% (low) The indicator provides the ability to specify the hour to consider the start of the day. This may be necessary if the dates on the server are changed during the trading session. Parameters StartHour — the hour for this indicator to consider as the start of a new day.
Important! FxCraft Manua Trader GBPUSD Demo works only on GBPUSD symbol. This product is also unavailable on a historical tester. FxCraft Manual Trader is a convenient tool for manual trading on the most popular Forex platform – MetaTrader 4. It facilitates and accelerates execution of many standard actions, which often take our precious time and increase the chances of making mistakes. It is perfectly suited for dynamic scalping and traditional day-trading. The product enables one click trading
This indicator is based on use of Fibonacci retracement. I use Fibonacci levels for last year, month, week and day for important levels, where market stops and turns. These levels are important Price Action levels and market respect them. I do not use here traditional Fibonacci retracement, where you find high and low of certain period - such as big move up and then you look for price to retrace down and buy on Fibo levels. This indicator finds high and low of last year, month, week and day and
MultiCharts is a multi-currency indicator for visual analysis of trading symols EURAUD, AUDCAD (only for demo version). in a separate window plots the selected symbols; shows the levels of any established orders; shows profit/loss, number and type of open positions; builds technical indicators Moving Average, Trend filter and Heiken Ashi charts; shows the spread, OHLC-prices of the current bar; shows the relative price change for the current day*; * - for periods before Daily and Daily inclus
The indicator is designed for displaying the following price levels on the chart: Previous day's high and low. Previous week's high and low. Previous month's high and low. Each of the level types is customizable. In the indicator settings, you set line style, line color, enable or disable separate levels. The version of the exact same indicator but only with sound alerts there - Time Levels with Alerts . Configurations ----Day------------------------------------------------- DayLevels - enable
The next indicator draws Fibonacci supports and resistances (9 lines based on next percentages 0%, 100%, 50%, 23.6%, 38.2%, 61.8%, 76.4%) based on predetermined number of bars. It has the next input: periods: Number of periods to calculate Fibonacci levels. The supports and resistances can be modified in terms of colour, width, style. Note: The indicator repaints past data when changing timeframe, pair or updating so the only important data is present data that means it makes no sense to backtes
Pipscoin EA Pipscoin EA - fully automatic adviser, 24 hours a day trading in the Forex market. This is not a classic martingale, we have collected all our best practices in this adviser for more than 10 years. With the right settings, you can quickly increase the result in a short period of time. At the same time, you should understand that trading in the martingale system imposes additional risks. But if you are looking for a martingale or a grid - test this product in different settings, o
It is a tool for technical analysis. It allows you to make measurements: Fibo, including the search for clusters Fibo levels (by the DiNapoli method) Overbalance Trend line Selecting S/D levels Input parameters Trend_Color - color of the trend line Trend_Width - width of the trend line Trend_info - if true, along with the trend line additional information is displayed (low, high, medium of the trend line) Trend_info_color_up_dn - color of the text describing the trend line Trend_info_font_up_d
The basis of the work of the adviser is to use the change in trend strength to determine the optimal entry points to the market. The logic of the advisor’s work combines two strategies: control of price consolidation and its “explosion” and control of the trend end to work in the channel. The EA does NOT use dangerous trading methods. Each trade has a stop loss and take profit. Recommended trading tools (5m): EURUSD, GBPUSD, USDJPY, USDCAD. Settings: MaxRisk - Value for calculating the tr
Attention: Please don't forget to test our BREXIT EA too. New Version 1.4 released - some minor changes on AI logic for better signal analysis. Multiple Timeframe Breakout by Reliable EA "Multiple Timeframe Breakout" expert advisor by Reliable EA is an innovative, AI-based EA, combining trading in a lower time frame and using additional signals within a higher timeframe. It uses some features of artificial intelligence (fuzzy-algos for selecting entries, readjustments of open trades by deep
This system was build as a research work. The advantage is the ability to change lots of every next order. This helps to adapt system to many currency pairs. Its a trend system and all orders are opened in the same direction as first order. SELL signal comes when the high of last bars (InitBarsCheck) is over MA (MA_Period), actual price is below MA and two candles pattern was made (Bullish + Bearish candle). Trailing Stop Loss is placed above MA + offset defined in SLtoMAoffset. Second order is
Pin Bar Trader This is a simple and free version of Pin Bar Trader. This version is limited. You can set the pin bar pips from high to low, so the EA only trades this pin bar and greater. Example: You set the pin bar pips to 30 pips. Less than 30 pips pin bars will be ignored. 30 pips and greater pin bars will be traded. Trade Settings Lot Size Stop Loss Take Profit All listed settings are customizable. If a bullish pin bar has formed, the EA opens a long order and vice versa. Full Pin Bar Trad
Rainbow MT4 is a very simple indicator based on Moving average with period 34 and can be very useful. When price crosses above MA and MA changes color to green, it’s a signal to buy. When price crosses below MA and MA changes color to red, it’s a signal to sell. An Expert advisor ( Rainbow EA MT4) based on Rainbow MT4 indicator, as you can see in the short video below is now available on my product page .
This product is dedicated to all fans of FIBO levels. The indicator shows Fibonacci lines for the current day depending on the previous day, week or month. Also, the indicator shows Highs and Lows of the previous day, week and month. Input Parameters FindFibo – number of points for searching the levels from the current price. FiboWeek – show weekly Fibo levels. FiboColowW – select color. FiboStyleW – select style. FiboMonth – show monthly Fibo levels. FiboColowM – select color. FiboStyleM – sel
The WaltSoft RNB Plus (Round Numbers Background) Indicator adds scale and perspective to your charts. In addition, this plus+ version can Alert you with a pop-up Alert, a Notification on your mobile or an email when price reaches a Big Round Number. Problem On a naked chart you have no clue of how much price has moved. Solution Put the WaltSoft RNB on your chart and it draws an alternating color background (grid) with a scale you can choose. Not only that, but it can also draw horizontal li
The free version of the snowyowl trend adviser, which is based on determining combinations of candle patterns. A virtual trailing stop tracks each open order and groups open orders to close them simultaneously. In the free version, you can only work on one timeframe, while in the paid version, opening orders on the selected TF is a signal to open orders on lower TF.
Euro Gift (EURUSD M15) I am celebrating my birthday, so i will publish some EAs for FREE. This EA has been developed for EURUSD M15. Strategy is based on ICHIMOKU indicator and has very little parameters - so its VERY ROBUST. It uses Stop pending orders with ATR Stop Loss . At 9:00 pm we are closing trading every Friday to prevent from weekly gaps. !!!Adjust these times to your broker time. Preset values are for UTC+2 only!!! For every candle the pending orders are modified to adapt the mar
The indicator displays minimized charts of any symbol from any timeframe. The maximum number of displayed charts is 28. The charts can be located both in the main and bottom window. Two display modes: candles and bars. Amount of displayed data (bars and candles) and chart sizes are adjustable. Parameters Corner - display start corner (selected from the list) CandleMode - display mode: true - candles, false - bars ShowLastBidLine - enable/disable the last price line display LastBidShiftX - last
Or CKC . ⭐⭐⭐⭐⭐ This indicator works depending on the classic ten-day moving average rule described by Chester W. Keltner (1909–1998). All parameters are set to the classic version of the Keltner system by default, while the user can change them if he wants. Try Demo before you buy: https://www.mql5.com/en/market/product/47130 Read CKC Manual: https://www.mql5.com/en/blogs/post/736577 CKC Expert Advisor Example: https://www.mql5.com/en/blogs/post/734150 About Keltner Channel Formula Calculate
BUY NOW PRO version with -20% OFF! There is a PROFESSIONAL version of BF Smart Scalper EA! Check it here: https://www.mql5.com/en/market/product/32426 All genius things are elegantly simple. BF Smart Scalp EA is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse, after a reasonable correction is detected. In the core of this trading principle is our deeply encoded human psychology, which will
Accuracy of correct predictions 83%! This indicator was tested on the basis of real statistics for all market indicators according to indicators for 3 months of trading. 83% of correct trade forecasts for usd / jpy on the m30 time frame were received on our statistics! if you have any questions, please contact us in private messages or in discussions under this indicator and we will figure it out and help any questions will arise personal messages or in discussions under this indicator As soon
Fibo Sequence EA The EA Strategy: This EA strategy is based on Fibonacci Sequence number Calculations to produce it's own signals and trade automatically. It was built for those traders who loves and trust Fibonacci Levels. In finance, Fibonacci level is a method of technical analysis for determining support and resistance levels. They are named after their use of the Fibonacci sequence. Fibonacci is based on the idea that markets will retrace a predictable portion of a move, after which they
Also note that the Break-even Stop Loss to be considered eligible to free protected lots from the total exposure has to be at least 1 point positive. Not exactly as the Entry price.
Also added the Daily P/L for all instruments.
The average price can be affected by the all-time result in the current instrument, only by today's result and also adding additional custom result.
Added additional broker to the mix.
All that is great for Hedging positions.
This is useful if you hold a position but you have already closed few hedges and you want to know the real AVR Level based on the relative trades you want to include not only by the current open orders.
Among them warnings if Margin Requirements are exceeded or when preset Margin Level is Reach for new position. This means the Risk should be lower to lower the Position Size. Either by lowering the Risk or manually prefer lower ATR.
Added new button for ATR Stop Loss and Take Profits calculated based on the Live Prices or much better on the last candle Closed price.
Close means that the referential price for entry is the last candle close. This gives advantage to enter in much better risk to reward ratios (if you delay your entry for some reason) and the targets are calculated on the time of the signal. This is due to the fact the majority of indicator signals or price action patterns are confirmed only after the candle is closed not during its shaping.
If you are much closer to the candle's closing (something you can also check in the indicator under in the candle remaining time) you may switch to Live prices as they will be much more closer to the next referential price as the previous one could be already way off.
Stop-out Level helps you make better decisions when opening positions with higher risk tolerance - especially on smaller accounts or when you aim to build a long term position on a trading instrument with multiple aggregate entries.
This concerns mostly margin requirements and tick value on some instruments that differ for each broker.
Fix for some brokers that may have additional string value for the currency pairs. For example instead of AUDCAD to be AUDCAD-ECN.
Added Stop-out Level and lot's of other features like the ability to switch between different view options with single click and so on.
NB! With the Generic Broker function and all available options you can fix the calculator to work even on the strangest instruments and conditions that your broker provides. If such instrument occurs on your broker just follow the instructions and hit the correct indicator settings to match it. Do that while testing on Demo and save the template.
More brokers will be added in the feature to extend preset coverage of such cases. Upon purchase of the indicator you can request you broker and instrument of choice to be added to the list.
You are able to chose between flat commission in deposit currency per standard lot size according to the broker's specification for the instrument or use a commission calculated on a dollar amount traded as some brokers do.
Also you can opt out for a standard margin requirements suitable for most instruments and brokers or if this list doesn't work for a particular case you still can use the Multiplier Fix to align the calculator with that.
As always test on a Demo account to be sure about the inputs you will need if they are required as some special cases can be presented as each broker may have different specifications for indices, commodities, non-major currencies, etc.
- Switch directly from the chart from Buy to Sell risk calculations.
- Show or hide Stop Loss and Take Profit Lines.
- Last but not least ability to switch from points to pips and vice versa.