Position Size Calculator for MetaTrader 4 is a custom indicator designed to help forex traders with position size calculations.
Position Size Calculator indicator is an essential tool for every single forex trader. The indicator helps to quickly and precisely calculate the ideal position size to meet your risk management. Easy to use and read help to configure Stop Loss and Take Profit by displaying dragging lines on a chart. Find out more about the importance of money management on the forex trading strategies guide page.
With Position Size Calculator you can:
– Set your risk management preferences
– Select the percentage of risk
– Configure Stop Loss and Take Profit by points or prices
– Set Stop Loss and Take Profit dragging lines on a chart
– Immediately see the possible loss and profit
– Calculate the ideal position size to meet your risk management
– See the Risk-Reward Ratio for a trade
Custom Technical Indicators installation:
Download indicator (.ex4 and .mq4 format) and place files in the MetaTrader “Indicators” Data Folder. Additional files (.mqh format) place in the “Include” Data folder found in the Main Menu File section:
The “Indicators” and “Include” folders are located in the “MQL4” folder.
Restart MetaTrader Platform.
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