ATR options are visible only if ShowATROptions input parameter is set to true. ATR Period - setting to use with the ATR-based SL/TP.Stop price input (for stop limit orders).Visible if ScriptTakeProfitsNumber input parameter is set to a value greater than 1. Take-profit multiplier, if set via input parameters, applies to the current SL value when Take-profit button is pressed.Take-profit button allows quick setting of TP to the multiple of the current SL value or to peg the TP level to the SL value.Visible only if a non-zero default stop-loss is set via SL input parameter. Stop-loss button will set stop-loss level to a given default value.Entry input - grayed out when Instant order is used, can be used enter entry level when Pending order is set.The trade direction can also be switched by pressing the Tab key on your keyboard. Long/Short switch - enables you to quickly switch between long and short trade calculation.The Script tab interface is explained below. Script tab switch - click it to see controls for the PSC-Trader script.The Swaps tab interface is explained below. Swaps tab switch - click it to see the details on the swaps for the current trading instrument.The Margin tab interface is explained below.
#Magic calculator trading free
Margin tab switch - click it to see everything related to required and free margin.The Risk tab interface is explained below. Risk tab switch - click it to see the current and potential risk profile.Main tab switch - it is currently turned on.Close button to remove the indicator from the chart.Minimization button to fold down the panel.The following controls and outputs are available: The main tab of the panel provides the primary control over the indicator's functions and serves to output the most important calculation results - position size, risk, reward, and risk-to-reward ratio. Position Size Calculator is available for both MT4 and MT5, but the MT5 version looks differently and provides better functionality because the platform itself is more advanced. This indicator is an evolution of the free online tool by the same name. Supports stop limit orders in MetaTrader 5.The trading script can also divide the position into several trades with different take-profit levels. Can be used together with a trading script (PSC-Trader) to make it easy for traders to open positions based on the calculations.Completely free and open-source project.Custom profiles restore panel's location, status, and settings.The indicator automatically saves and loads its inputs on timeframe change or platform restart, preserving your configuration efforts.Optional display of the point value for the calculated position size.Detailed swaps (rollover interest) information is available in a separate tab.You can enter a custom leverage to calculate position margin based on it.Calculator can show the maximum position size based on available margin.Information about required margin is available in a separate tab.You can see current and potential risk and reward profile.You can even calculate risk based on a given position size.Supports pending and instant orders (easy switching).If take-profit is given, the calculator shows the potential reward level and the risk-to-reward ratio.Alternatively, you can set them as multiples of ATR ( Average True Range).You can choose to set stop-loss and/or take-profit as distance in points.
Calculation inputs and results are displayed inside a graphical panel.Works with any trading instruments - currency pairs, CFDs, equities, indices, commodities, futures, cryptocurrencies.Price of the quote currency (when different from account currency).Account size (balance, equity, or even your savings account).Position Size Calculator (MetaTrader indicator) tells you how many lots to trade based on: Please proceed to the new description page: Position Sizer EA This old Position Size Calculator (ver. Position Size Calculator is now an expert advisor.
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