Lot Size Calculator | Forex Factory

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Lot Size Calculator

  • #1
  • First Post: Aug 31, 2019 6:51am Aug 31, 2019 6:51am
Does anyone know where i can get my hands on an indi that will calculate the lot size to which will pay a certain £ value. i used to spread bet but due to ESMA im back to a standard account.

I've searched high and wide just cant find one that does what i need it to do?

Can anyone help?

Lewis.
  • #2
  • Aug 31, 2019 9:19am Aug 31, 2019 9:19am
Quoting leweg1
Does anyone know where i can get my hands on an indi that will calculate the lot size to which will pay a certain £ value. i used to spread bet but due to ESMA im back to a standard account. I've searched high and wide just cant find one that does what i need it to do? Can anyone help? Lewis.
Attached File(s)
File Type: ex4 size calc.ex4   323 KB | 1,259 downloads
File Type: mq4 size calc.mq4   7 KB | 967 downloads
File Type: mq4 lot size calc.mq4   2 KB | 1,363 downloads
  • #3
  • Aug 31, 2019 9:27am Aug 31, 2019 9:27am
Quoting thisara1
{quote} {file} {file} {file}
Thank you for the uploads but unfortunately its not what i'm looking for.

with spread bet account you bet a nominal value per pip i.e £1 p/pip £10 p/pip

i'm after a calculator indi that works out the pip value of the currency pair i'm trading and then works out what my lot size should be to gain/lose £1 p/pip or any £number i input

Lewis.
  • #4
  • Aug 31, 2019 9:31am Aug 31, 2019 9:31am
Quoting leweg1
{quote} Thank you for the uploads but unfortunately its not what i'm looking for. with spread bet account you bet a nominal value per pip i.e £1 p/pip £10 p/pip i'm after a calculator indi that works out the pip value of the currency pair i'm trading and then works out what my lot size should be to gain/lose £1 p/pip or any £number i input Lewis.

https://www.myfxbook.com/forex-calcu.../position-size
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  • #5
  • Aug 31, 2019 9:43am Aug 31, 2019 9:43am
Quoting thisara1
{quote} https://www.myfxbook.com/forex-calcu.../position-size {image}
Thanks, but the indi's you uploaded and myfxbook is a percentage risk calculator, im not worried about percentage of risk.

these calculators work on percentage and stop loss in pips.

EURGBP if i place 1 lot thats £10 per pip easy..

now if i trade another pair with 1 lot the price per pip is less, i need a calculator that pays me same £ value per pip.

Lewis.
  • #6
  • Sep 26, 2019 12:11pm Sep 26, 2019 12:11pm
Quoting leweg1
{quote} Thanks, but the indi's you uploaded and myfxbook is a percentage risk calculator, im not worried about percentage of risk. these calculators work on percentage and stop loss in pips. EURGBP if i place 1 lot thats £10 per pip easy.. now if i trade another pair with 1 lot the price per pip is less, i need a calculator that pays me same £ value per pip. Lewis.
This one does a good (and free) job:

https://www.earnforex.com/metatrader...tor/#Downloads
  • #7
  • Jul 4, 2020 1:55pm Jul 4, 2020 1:55pm
Quoting leweg1
{quote} Thanks, but the indi's you uploaded and myfxbook is a percentage risk calculator, im not worried about percentage of risk. these calculators work on percentage and stop loss in pips. EURGBP if i place 1 lot thats £10 per pip easy.. now if i trade another pair with 1 lot the price per pip is less, i need a calculator that pays me same £ value per pip. Lewis.
Hi may I ask you which SB broker are you using? I have IG MT4 and I'm not satisfied,so I', looking for change.
Must be MT4 platform only.
Whether you think you can, or you think you can't,you're right. H.F.
  • #8
  • Jul 4, 2020 2:07pm Jul 4, 2020 2:07pm
Quoting Simply-Me
{quote} Hi may I ask you which SB broker are you using? I have IG MT4 and I'm not satisfied,so I', looking for change. Must be MT4 platform only.
ADS Securities
  • #9
  • Jul 4, 2020 2:42pm Jul 4, 2020 2:42pm
Quoting leweg1
{quote} ADS Securities
and they are spread betting broker?I'm going thru they web and I don't see it.
Whether you think you can, or you think you can't,you're right. H.F.
  • #10
  • Jul 4, 2020 3:41pm Jul 4, 2020 3:41pm
Quoting Simply-Me
{quote} and they are spread betting broker?I'm going thru they web and I don't see it.
https://www.adss.com/en-gb/accounts/spread-betting/
  • #11
  • Jul 4, 2020 3:56pm Jul 4, 2020 3:56pm
Quoting Simply-Me
{quote} and they are spread betting broker?I'm going thru they web and I don't see it.
OK I got it.I didn't realize,that my IP is now outside of UK,so it didn't show me SB part on their web.
How is your experience with them?Customer service,withdrawals etc. What the leverage they giving o SB account?
Whether you think you can, or you think you can't,you're right. H.F.
  • #12
  • Jan 8, 2021 11:10pm Jan 8, 2021 11:10pm
Quoting leweg1
{quote} Thanks, but the indi's you uploaded and myfxbook is a percentage risk calculator, im not worried about percentage of risk. these calculators work on percentage and stop loss in pips. EURGBP if i place 1 lot thats £10 per pip easy.. now if i trade another pair with 1 lot the price per pip is less, i need a calculator that pays me same £ value per pip. Lewis.
Try this script. This is what I'm using.
Attached File(s)
File Type: ex4 Order Management Script.ex4   32 KB | 466 downloads
  • #13
  • Jan 12, 2021 3:30pm Jan 12, 2021 3:30pm
Quoting thisara1
{quote} {file} {file} {file}
Can anybody explain how these size calculators work... I want to have an indicator that would show me the maximum amount of lots I could buy with the available free margin on my account. So, I tried these indicators with 100% risk (because I want to risk the whole of my margin) and put just 1 for SL as I actually do not want any SL (but the indi would not allow me to have 0 for SL)... With these settings I am getting some crazy numbers of lots to buy which have nothing to do with reality. So, I really do not understand what do they calculate and how do they do this... Are these really reliable? what is their function/role?
  • #14
  • Jan 13, 2021 12:21am Jan 13, 2021 12:21am
the general approach is to work out what you are prepared to risk ( say $R )
then see where the SL is in relation to the entry price
work out how many pips between entry and SL ( say x pips )
work out the cost per pip for a single lot (depends on the account currency and what pair you want to trade - say $y/pip)
then the risk per one lot equals x * y
so to work out how many lots you want to trade divide Risk/cost per one lot (R/x*y) = lots

in your case where you don't have a SL and are risking 100% of your account per trade, the number of lots traded will directly relate to when you get that margin call. the larger the lot size the sooner you loose your account
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  • #15
  • Last Post: Jan 13, 2021 9:52am Jan 13, 2021 9:52am
Quoting rosspetX
{quote} Can anybody explain how these size calculators work... I want to have an indicator that would show me the maximum amount of lots I could buy with the available free margin on my account. So, I tried these indicators with 100% risk (because I want to risk the whole of my margin) and put just 1 for SL as I actually do not want any SL (but the indi would not allow me to have 0 for SL)... With these settings I am getting some crazy numbers of lots to buy which have nothing to do with reality. So, I really do not understand what do they calculate...
Try this Order Management Script. Just put your maximum risk amount and set your stop loss level and takeprofit.
Attached File(s)
File Type: ex4 Order Management Script.ex4   33 KB | 512 downloads
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