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Position Size Calculator

ALL

EUR

USD

NZD

CAD

AUD

GBP

JPY

CHF

CNY

Days

SUN

MON

TUE

WED

THU

FRI

Impact

LOW

MED

LOW

HOLIDAY

Impact
EVENT
CUrrency
Date
Forecast
Previous
Name
Email
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Country
Last Update
Status
Action
1

LOW

BusinessNZ Services Index

USD


19, Sept, 12:30 AM

-0.75%

-1.5%

1

HOLIDAY

BusinessNZ Services Index

USD


19, Sept, 12:30 AM

-0.75%

-1.5%

What is the Position Size Calculator Indicator?

The Position Size Calculator Indicator is a tool developed to simplify the process of calculating lot sizes in MetaTrader. It expedites the trading process by automatically computing lot sizes in a matter of seconds directly from Tradingview.

How does the Position Size Calculator Indicator work?

To use this indicator, follow these steps:
1. Set your entry price.
2. Set your stop loss.
3. Set your target.
4. Choose the symbol (Forex will be automatically detected).
5. Fill in your balance and set your risk settings.

Why should I use the Position Size Calculator Indicator?

The tool simplifies the trading process by eliminating the need to manually calculate lot sizes. It allows traders to manage their risks effectively by ensuring that the lot size aligns with their account balance and risk settings. Plus, the real-time information about profit/loss, risk/reward ratio, and account balance provided by the tool assists in making informed trading decisions.

Does the Position Size Calculator Indicator consider commissions in its calculations?

No, the Position Size Calculator Indicator does not include commissions in its calculations. The "money at risk" displayed on the trading panel excludes commissions.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

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