Position size calculator is an MT4 indicator that quickly enables you to lot of your trades in Metatrader 4. To explain, the lot size is based on your risk. Position Size Calculator Indicator for MT4 · Can be used on all Forex pairs and other assets. · Clear and easy-to-use panel for inputs. · You can place the panel. Manage your risk per trade like a pro. Use our simple yet powerful lot size calculator to calculate the exact position size for each trade. DANA WHITES CONTENDERS SERIES

A position size calculator is a handy tool you can use to quickly work out what size trade you should be making for each trade. Often these calculators will require you to fill in some information about your account size and the trade you are looking to make, for example, the pair you are trading and the stop loss size. Another way that is a lot quicker to calculate your position size is to download and use a free position size indicator in your MT4 or MT5 charts.

These indicators do most of the calculations automatically for you and are far quicker to use. Because they are already in your charts, they have your account size and other key information. It comes packed with features and is very easy to download and start using. The main benefits of this indicator include; Can be used on all Forex pairs and other assets.

Clear and easy-to-use panel for inputs. You can place the panel wherever you choose on your charts. You can drag your stop loss and take profit lines on your charts to change the risk settings. When using a take profit, you will be shown your potential risk to reward ratio for the trade.

The trade panel gives you information about the margin that will be required for your trade. You can customize the leverage for different calculations. You have the option to display spreads. The indicator and trade panel work across multiple time frames and stays in place even after Metatrader restarts. Note About Risk Management in Trading Whether you trade Forex, stocks, indices, commodities, or any other instruments, it is no secret that risk management is fundamental.

Risk management consists of a set of rules that can keep your account safe from unexpected events. During your trading activities you will encounter periods of drawdown. You will encounter consecutive streaks of losses.

Using sound risk management can make a difference between blowing your account up or not. Also, risk management is often the most striking difference between a successful trader and an amateur. Risk management includes concepts like: Stop-loss Risk-to-reward ratio Stop-loss Stop-loss is a price, or a distance from the open price, where you want to exit a trade.

The stop-loss order is your last call to exit a trade and is part of almost every strategy and trade that you execute. So, if you are in a trade, and the price moves against it, there is a price where the trade will be closed and the loss will become realized. As a general rule, you should define the stop-loss before entering a trade. Lot Size One of the most popular rules of risk management is to invest in each trade only a small percentage of your entire account. This is to prevent your account from blowing up in case of a streak of losing trades.

If you use only 2. Of course, if the trades were winners, the profit would have been higher, but it is important to be prepared to a high number of losing trades in a row. Once you decide on your stop-loss price, it can be used in the calculation of the lot size, or position size, for the trade. Another factor to consider to calculate the lot size for a trade in Forex, or another Asset, is the amount you are willing to risk. Once you settle on your strategy, risk, and stop-loss, you can calculate the lot size.

Risk-to-Reward Ratio Another important aspect of every trade, or strategy, is the risk-to-reward ratio. Risk-to-reward ratio indicates the ratio between the profit and the loss expected in a trade. For example, you set the stop-loss for a trade to pips and the take-profit to pips — this is a risk-to-reward ratio of 2.

Features Stop-Loss and Take-Profit Configuration With this indicator, you can easily set the stop-loss and take-profit directly from the panel and then adjust the levels on the chart.

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