Forex Position Size Calculator – MT4 Indicator
MANAGING YOUR FOREX TRADING SIZE WITH FOREX CALCULATOR
Position Size Forex Calculator – a MT4 indicator, is a user-friendly tool that allows you to determine your required forex trading size for each trade base on how much you want to risk (lose) and available capital in your forex trading account.
If you are beginner to forex trading or like to understand your risk before taking a particular trade, then this FREE MT4 indicator is just best for you! Whether you are a Singapore Forex Trader, or Malaysia Forex trader or from Indonesia, North America or any part of the world, it’s free for you!
HOW FOREX CALCULATOR BENEFITS YOU ?
No more delay in placing your trades
Auto calculate “Stop Loss” and “Order Size”
No more worries of wrong calculation
Position Size Forex Calculator was first developed by TerraSeeds for it’s Singapore forex course students. However, since it can automatically compute the required lot size accordingly to your risk factor (%), equity and SL pips, we thought it will be suitable for you too!
Benefits to your forex trading
- Effective money managing tool especially for beginners
- Limiting losses to result in long term profits
- Entry and stop loss lines can be dragged directly on the chart
- Lot size calculated based on your equity and stop loss pips.
Disclaimer : Can be used in all currency pairs (Indexes, commodities not included)
Position size base on risk
- “risk management’ or “risk only 3%” in Forex Trading?
- using 3% of your equity to trade the currency? Or risking 3% of your equity?
- Included in the amount of risk? Should running profits from open trades be included?
- The appropriate lot size for instance, a 2% risk with 50 pips stop loss?
SETTING UP FOREX CALCULATOR IS QUICK AND EASY
FILL IN THE FORM BELOW TO RECEIVE COMPLIMENTARY POSITION SIZE CALCULATOR FROM US!
HOW TO INSTALL FOREX CALCULATOR
00:20 – Copy the calculator file
00:27 – open up the MT4 platform
00:29 – go to ‘File’ and click ‘Open Data Folder’
00:35 – select ‘MQL4’ folder and click on ‘Indicator’ folder
00:43 – paste the file in this folder
01:11 – Return to MT4, click on ‘Navigator’ Icon
01:23 – ‘CalculatLotSize_OFM’ should be inside
01:26 – successfully installed!
HOW TO CONFIGURE AND
USE FOREX POSITION SIZE CALCULATOR
00:13 – Open ‘Navigator’
00:17 – double click on ‘CalculateLotSize_OFM’
00:25 – select ‘Inputs’ tab
00:39 – configure the ‘Risk %’, ‘TextSize’ & ‘Textcolor’
01:02 – Green line = Entry price, Red line = SL price
01:26 – To input the Entry and SL price
01:28 – Double click on the Green line
01:30 – Right click on the green line
01:32 – Select ‘Horizontal Line Properties’
01:35 – Click on ‘Parameters’ and input the desired values
01:44 – Repeat the same procedure
02:23 – Order Size shows the required lot size you can trade based on your available capital & risk %
02:30 – Do not need to input your capital amount and funded currency