Position Size Calculator – Based on VP Money Management rules Indicator MetaTrader 4

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Position Size Calculator – Based on VP Money Management rules Indicator MetaTrader 4.

This indicator is based on the Money Management approach used by VP from nononsenseforex.com It uses ATR to calculate Stop Loss, Take Profit and Volume you should enter into a trade based on the percentage of your Equity you want to risk.

Inputs Include :-

  • ATR Periods
  • Input Risk % eg enter the % *changed for Version 2
  • Stop Loss Factor – calculate Stop Loss as 1.5 times the ATR from the current price
  • Take Profit – calculate a Take Profit as a factor of ATR based on current price
  • Font size and color
  • Fixed ATR – leave it at 0 unless you want to lock the ATR value eg during a flash crash

Position Size Calculator - Based on VP Money Management rules Indicator MetaTrader 4

What is Displayed :-

  • ATR(14):80pips – The ATR for the current Period in pips rather than points
    • If you see “FIXED ATR” you have entered a value under input to override the ATR. Enter 0 as Fixed ATR to use a calculated ATR
  • Equity:50,30.65GBP – Your current Equity and Account Currency
  • Risk 1.0%:502GBP – The calculated Risk in your currency and counter currency
  • Time Left:01:55:33 – How long before the current period closes
  • Depending on if you will Buy or Sell the Stop Loss and Take Profit
    • Buy SL:0.72654
    • Buy TP:0.72814
    • Sell SL:0.72997
    • Sell TP:0.72129
  • Base Corner 0 to 3 – Allow you to move Pos Size to a different corner of the screen
    • 0= Upper Left, 1=Upper Right, 2=Lower Left,3= Lower Right
  • Volume:1.19 – This is the Lot size or “Volume” in the MT4 Order window

**V2.00 UPGRADE NOTES**

Important  – You will need to reset the Risk size % eg for 2% enter 2.0 not 0.02

Position Size Calculator MT4 – Download Instructions

In order to transform accumulated history data, you need to install a MetaTrader 4

Position Size Calculator – it is a MetaTrader 4 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.

Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.

How To Install Position Size Calculator MT4 indicator for MetaTrader 4.mq4?

Download indicator for MetaTrader 4.mq4
Copy Position Size Calculator to Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your mt4 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 4 Client
Right click on Position Size Calculator MT4 for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Position Size Calculator MT4 Indicator for MetaTrader 4.mq4 from your Metatrader 4 Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
“Indicators list”
Select the Indicator and delete

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