Metatrader Position Size Indicator In the recent Forex trading Tutorial I discussed at length both the different money management options you have available to you to manage your money in your trading and also how you can work out your trade sizes and risk before entering any trades. Cobra drivers free download. Whilst this previous article taught you how to manually work out your position sizes with a position size calculator, in today’s trading lesson I will be teaching you how can use an indicator in either MT4 or MT5 that automatically calculates your trade sizes for you and this way making it easier for you to keep an eye on you risk. Automatic Trade Risk / Percentage Indicator With this indicator all of your trade details such as how much money you currently have at risk or the percentage of your account at stake are shown to you right on your metatrader chart screen and they are continually changing and updating with the price. This MT4/MT5 indicator is super convenient because it takes into account all of the information already contained in your trading platform such as your account balance and base trading currency and once you add in the extra details that the indicator asks for such as your entry and stop loss placement for the trade you want to make, then it will take all the information into account and automatically give you your risk information and continually update it as price is moving and changing. NOTE:Don’t have correct New York Close MT4 / MT5 Price Action Charts? Download free demo charts from the recommended broker: Metatrader Forex Position Size Indicator Below is a picture of the metatrader position size indicator on a chart that shows how the indicator works in action. You will see on this chart that the indicator is showing the current trade information such as the trade and how much money and percentage that the trader is risking on the trade; The first thing you need to do to use this indicator is download it correctly and put it into the correct spot in your MT4 or MT5 indicator files.

Mar 17, 2016  Thanks all! I have this pip counter. In the fundamentals similar to those posted. However, what I am looking for is a pip counter where the user chooses or inputs a particular price and the counter tell us how far the price is moving in pips away or toward the 'user entry input' in positive and/or negative numbers; in relation to an alleged buying or selling position. There are trading systems out there that rely on knowing the range of a candle. It could be to set a stop loss, a profit target or if you need to see how a candle compares to previous candles to make a decision.

This process has changed recently for downloading/saving indicator files into metatrader. Where indicators are stored in MT4 was updated with build 600 so it is important that indicators are saved in the correct location. To save the indicator into your MT4/MT5 files, please follow the instructions below carefully and if you have any questions afterwards please put them in the comments section below, making sure you select the tick box agreeing to be notified when there is a new reply so that when your question is answered you will get a new email letting you know. Also; please make sure you enter a correct email address because sometimes I will email you out the answer if I think it will help or if the answer will be longer than a general comment, but all emails addresses are never published on this website. Instructions to Download/Save Metatrader Position Size Indicator 1: First; you need to save the Metatrader Position Size Indicator to your computer. When you click to download the indicator it will prompt and ask you where you want to save it and you need to save it somewhere on your computer that is easy to access. I have grouped together both of these indicators in the one spot so you can get them both at the same time below: 2: As the picture shows below; you now need to open your MT4/MT5 charts and hit the “File” -> “Open Data Folder” button.