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A very simple position sizing calculator to help traders calculate the right lot size per trade. It also places the order with one click.
All inputs can be edited. So if you want to change the SL or TP or the lot size, you can do so before placing an order.
The inputs are the following:
SL – stop loss in pips (not points). set to 0 before placing an order to not add SL.
TP – take profit in pips (not points). set to 0 before placing an order to not add TP.
RISK – dollar amount to risk. it will use the account currency.
LOT – lot size to use to open the trade.
PRICE – entry price for your pending order. used only on 4 pending orders.
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Add it like an expert advisor on the chart of the market you’re trading.
Make sure that automated trading is enabled on these 3 locations.
- Tools >> Options >> Expert Advisors. Make sure that Allow automated trading is checked.
- AutoTrading button on top is enabled.
- After adding the PropFirmCloseAllOrders on the chart, under Common tab, make sure that Allow live trading is checked.
