Hi, I have seen a lot of people asking for a position size calculator recently and I have this I knocked up a little while ago. You need the tick value (indicator attached) and just change the stop loss you need and the tick value and it will tell you what position to use.
xxxusd means any pair that has usd quoted last, etc.
Any questions in how to use it just ask.
xxxusd means any pair that has usd quoted last, etc.
Any questions in how to use it just ask.
Attached File(s)
Position Calc.xls
15 KB
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771 downloads
Tick-Value.mq4
1 KB
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536 downloads
Tick-Value.ex4
2 KB
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441 downloads