MT4 Position Size Calculator Excel Spreadsheets | Forex Factory

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MT4 Position Size Calculator Excel Spreadsheets

  • #1
  • First Post: Dec 20, 2007 2:27pm Dec 20, 2007 2:27pm
I designed two position size spreadsheets in excel that work with MT4. They import the ASK price from the MT4 platform and calculate the correct lot size to risk whatever percentage you choose. Be sure to check "Enable DDE server" under Tools->Options->Server for the spreadsheet to work.

http://i102.photobucket.com/albums/m...6/untitled.gif

You need to type in your equity and the percentage you wish to risk. Next, the size of your stop loss next to which ever pair you are trading. Lot size and profit targets in pips and percents are calculated off to the right. Lot sizes take into consideration losing the spread. IBFX spreads are used and you can change this in the formula in cells D18 through D36.

The buy and sell section at the upper right is just a guide to calculate risk/reward ratio. The carry rates do not update by themselves. Basically, any block with a color needs your input.

Enjoy!
Attached File(s)
File Type: xls mini position size.xls   34 KB | 29,066 downloads
File Type: xls standard position size.xls   32 KB | 27,329 downloads
  • #2
  • Dec 20, 2007 8:31pm Dec 20, 2007 8:31pm
Thanks Ssherwood76 ... always another way to review/calculate the many options for pip harvesting.

Pip Parade
  • #3
  • Dec 23, 2007 8:51pm Dec 23, 2007 8:51pm
Nice calculator and easy to use.

Thanks,
Steve
  • #4
  • Dec 27, 2007 12:10am Dec 27, 2007 12:10am
very cool. but i cant get mt4 to work with it. also, i dont see the enable dde server option. i have excel 2003
  • #5
  • Dec 27, 2007 4:08am Dec 27, 2007 4:08am
Quoting hasan84
very cool. but i cant get mt4 to work with it. also, i dont see the enable dde server option. i have excel 2003
Are you looking for "Enable DDE server" under Tools->Options->Server in the MT4 platform? It seems like you are looking for it in Excel.
  • #6
  • Edited 11:47am Dec 27, 2007 4:39am | Edited 11:47am
thanks for sharing
very useful
do you have a sheet that calculates in percentages how much the actual price away from the moving average?

thanks in advance
  • #7
  • Dec 27, 2007 4:58am Dec 27, 2007 4:58am
Thats the best trade size calculator I have ever seen. It means you get accurate calculation quickly so you dont miss getting good entries. Thanks for sharing this
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  • #8
  • Dec 27, 2007 6:58pm Dec 27, 2007 6:58pm
Quoting tebesti
thanks for sharing
very useful
do you have a sheet that calculates in percentages how much the actual price away from the moving average?

thanks in advance
From what I researched the only data you can import to excel from MT4 is Bid, Ask, High, Low and Time. It would be nice to get more information from MT4. How far price is from a moving average would be great to know about.
  • #9
  • Dec 28, 2007 11:11am Dec 28, 2007 11:11am
Hi,

nice work...pity I dont have excel and under openoffice my quotes go bonkers.....8eg 6,7944 usd/cad!) though I can't find a viable reason why...

any ideas..or do I have to meekly straddle back into Mr. gates' court?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #10
  • Dec 28, 2007 2:56pm Dec 28, 2007 2:56pm
I would report a bug with open office http://qa.openoffice.org/issue_handl...ubmission.html
  • #11
  • Dec 28, 2007 6:15pm Dec 28, 2007 6:15pm
Quoting coscorp
Hi,

nice work...pity I dont have excel and under openoffice my quotes go bonkers.....8eg 6,7944 usd/cad!) though I can't find a viable reason why...

any ideas..or do I have to meekly straddle back into Mr. gates' court?
try

=DDE("MT4";"BID";"USDJPY";1)
instead of
=DDE("MT4";"BID";"USDJPY")

works for me

cheers
Thomas
  • #12
  • Dec 29, 2007 5:44am Dec 29, 2007 5:44am
great...works here too...thanks....but just realized..if I'm correct and the lack of sleep hasn't frazzled my synapses....that it will work only for long postions...being that for short ones the formula should read..."bid"...not a real issue..just have to restructure the layout to add the same for shorts..or do it on another workspace...again..if i am seeing this correctly.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #13
  • Dec 29, 2007 3:33pm Dec 29, 2007 3:33pm
Quoting ssherwood76
Are you looking for "Enable DDE server" under Tools->Options->Server in the MT4 platform? It seems like you are looking for it in Excel.
ok got it. thx.
  • #14
  • Feb 13, 2008 10:31am Feb 13, 2008 10:31am
Here is the ODL version with CAD/JPY added and lot sizes are calculated with the ODL's spread. Also, Sheet 2 has an area to manage fundamentals.

Enjoy.
Attached File(s)
File Type: xls standard position size.xls   36 KB | 5,415 downloads
  • #15
  • May 3, 2008 4:07am May 3, 2008 4:07am
I bump this great tool...

I'll test it but it works only for certain pair and not all... Maybe the price cannot be updated properly if the market is closed ?
  • #16
  • May 5, 2008 9:12am May 5, 2008 9:12am
My bad, it was the number separator that was set to , on my excel when figure are showing with a . separator...

Fixed and working !

Everyone should use this tool for compounding and risk management
  • #17
  • Aug 4, 2008 8:12am Aug 4, 2008 8:12am
Quoting ssherwood76
I designed two position size spreadsheets in excel that work with MT4. They import the ASK price from the MT4 platform and calculate the correct lot size to risk whatever percentage you choose. Be sure to check "Enable DDE server" under Tools->Options->Server for the spreadsheet to work.
Enjoy!
i haven't been as dilligent as i should have with my m/m, so went serching for an spreadsheet to help. finding one as good as this was unexpected. i have changed the layout a little to suit my trading but not much. this is great!!

thanks for sharing mate.
Cliff
  • #18
  • Aug 4, 2008 9:59am Aug 4, 2008 9:59am
Quoting ssherwood76
Here is the ODL version with CAD/JPY added and lot sizes are calculated with the ODL's spread. Also, Sheet 2 has an area to manage fundamentals.

Enjoy.
Really appreciate this tool..thanks alot for sharing..
  • #19
  • Aug 6, 2008 4:56am Aug 6, 2008 4:56am
Simple spreadsheet which I use to perform trade evaluation. Compilation of ideas are from various sources.. most I cant remember where I read them from..

p.s: I use ODS so hope the xls conversion works fine too..
Attached File(s)
File Type: xls FX Trading & Evaluation.xls   99 KB | 7,057 downloads
  • #20
  • Aug 17, 2008 8:57pm Aug 17, 2008 8:57pm
The standard position size calculator is great, really useful. Is it possible to make the equity update automatically as well?

Thanks
Max
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