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Visual Position Size Calculator

  • #41
  • Feb 5, 2009 5:35pm Feb 5, 2009 5:35pm
Does anyone have a copy of this that will work with Alpari, their price feed is formatted with 5 decimal places meaning that all the figures in the calculator are 10 times too large so impossible to use. (if that makes no sense at all see:http://www.alpari.co.uk/en/company-news/243.html)

Thanks guys.
  • #42
  • Feb 6, 2009 2:23am Feb 6, 2009 2:23am
Quoting Daymo
Does anyone have a copy of this that will work with Alpari, their price feed is formatted with 5 decimal places meaning that all the figures in the calculator are 10 times too large so impossible to use. (if that makes no sense at all see:http://www.alpari.co.uk/en/company-news/243.html)

Thanks guys.
Hi Daymo

I am also on Alpari so would also love to get a working version. Does it work at all for you? All i get is an error message appearing saying - the sl line and pending oreder line must be at least 71pips apart
  • #43
  • Mar 19, 2009 5:15pm Mar 19, 2009 5:15pm
Finding problems installing this indicator..../// Can anyone pls offer some advice.
Prices are never too high to begin buying or too low to begin selling.
  • #44
  • Apr 21, 2009 7:38am Apr 21, 2009 7:38am
Currently, I use the version from Post #40 with no issues in my Interbankfx MT4 live account. Make sure you load it into the correct folder (this is not an indicator), e.g. ..../experts.

I do see one upcoming issue with Interbankfx going to five decimal places. They are currently testing this in their demo accounts. Is there a version of this EA for five decimal places? I noticed this same question a few posts back with no reply.

In general, this is a great EA that I use constantly in my live trading. We need to try and maintain it as a group the best we can.

Thanks,
John
  • #45
  • Jan 17, 2011 3:09am Jan 17, 2011 3:09am
I suppose nothing came out of the efforts of AidenPride?

Ben
  • #46
  • Jan 17, 2011 2:08pm Jan 17, 2011 2:08pm
Quoting campco
I suppose nothing came out of the efforts of AidenPride?

Ben
I will be posting a very similar product in the next 2-3 days.
  • #47
  • Jan 20, 2011 8:32am Jan 20, 2011 8:32am
How's it going with the EA, Hanover?
  • #48
  • Jan 21, 2011 1:20am Jan 21, 2011 1:20am
Quoting hanover
I've been forced to shelve the product, at least until legal issues are resolved, and probably permanently. I have a trader demanding a 50% stake in any product sales. He claims to hold international intellectual property rights to all "instant risk size lot calculators". While I suspect that this is an impossibility, I don't need the hassle or cost of having to defend myself, even if a challenge were to prove groundless.

At least I have a great tool that I can use myself. I looked carefully at MYFX...
That's a joke. If I'm at your position, I will just ignore him
  • #49
  • Jan 21, 2011 1:24am Jan 21, 2011 1:24am
Quoting stopman
How's it going with the EA, Hanover?
I've been forced to shelve the product, at least until legal issues are resolved, and probably permanently. I have a trader demanding a 50% stake in any product sales. He claims to hold international intellectual property rights to all "instant risk size lot calculators". While I suspect that this is an impossibility, I don't need the hassle or cost of having to defend myself, even if a challenge were to prove groundless.

At least I have a great tool that I can use myself. I looked carefully at MYFX, and found that it didn't suit me. I prefer a visual tool.

[EDIT] re-posted, sorry....... having internet problems........
  • #50
  • Edited 2:23am Jan 21, 2011 1:55am | Edited 2:23am
Quoting hanover
I've been forced to shelve the product, at least until legal issues are resolved, and probably permanently. I have a trader demanding a 50% stake in any product sales. He claims to hold international intellectual property rights to all "instant risk size lot calculators". While I suspect that this is an impossibility, I don't need the hassle or cost of having to defend myself, even if a challenge were to prove groundless.

At least I have a great tool that I can use myself. I looked carefully at MYFX,...
Hi hanover

I agree with Sangmane. This trader is taking a flying chance.
While i am not a legal expert, i have never heard of anyone owning "international intellectual property rights".....except..maybe...Borat.
Just goes to show how many scammers and con artists are floating around.

If you post it for free then he will be entitled to 50% of $0.

Regards
  • #51
  • Jan 21, 2011 2:13am Jan 21, 2011 2:13am
Hi Hanover, Guten Morgen!

In case you are still interested in un'shelving this marvelous tool, I would ask the person to show you where this 'international property rights organisation is' and produce the files. If he doesn't come up with substantial proof he probably has nothing!
If he doesn't proof you can go on end show the authorities that you did everything in your power to avoid a conflict. Be sure to save all corespondence and this forum conversation.

I hope you go for it and wish you can do it without trouble
Good luck and hopefully we hear from you a positive message soon!

Regards,
Ben
  • #52
  • Jan 21, 2011 4:03pm Jan 21, 2011 4:03pm
Here is one I found on a different forum
Attached File(s)
File Type: mq4 Position Size Calc .mq4   10 KB | 1,480 downloads
  • #53
  • Jan 21, 2011 4:20pm Jan 21, 2011 4:20pm
Quoting sangmane
That's a joke. If I'm at your position, I will just ignore him
hey sangmane..... people you can ignore..... lawyers you can not.......h
to trade and code, keep both simple... no call to impress....h
  • #54
  • Jan 22, 2011 1:00am Jan 22, 2011 1:00am
Quoting hayseed
hey sangmane..... people you can ignore..... lawyers you can not.......h
it's not about ignoring the law, if that's what you meant.
if a lawyer told me that one of his client hold int'l intellectual property rights to "instant risk size lot calculators", yes, i will just ignore him. i'll do the same when someone claim to hold rights to MA cross strategy

googling the term "instant risk size lot calculators" only produce one link, it's the link to this page.

classifying my simple advise to hanover as "blind justice" is inappropriate. you are taking too far
  • #55
  • Jan 22, 2011 6:38am Jan 22, 2011 6:38am
Quoting sangmane
you are taking too far
....

//----

hey sangmane...... hope all is well over there...... you missunderstood, perhaps if i took it further......


//---

in the states there is a common phrase, 'blind justice'..... or 'justice is blind'..... that is what i was refering to.....

my people you can ignore..... lawyers you can not, roughly means you can ignore people but can't ignore lawyers cause they are != people.....

//---

the legal system is the perfect mafia.... even if you win you loose.....

whether the law is on your side or not, whether the lawyers, the judges and all courts are on your side or not you might still have to pay to prove it.......

i truely hope lawyers are different over by you, but here, we avoid them like the plague.....


//---
//---

yes, most of us have written "instant risk size lot calculators" ...... i've seen claims for international intellectual property rights around and laughed also......

if you're ever in the states, be sure to look me up...... you'll better understand my comments then......... take care......h
to trade and code, keep both simple... no call to impress....h
  • #56
  • Jan 22, 2011 8:57am Jan 22, 2011 8:57am
ahh. it is clear now. i was thinking you were defending that inventor of risk calculator

"you can't ignore" = "you have to obey"
  • #57
  • Jan 22, 2011 4:03pm Jan 22, 2011 4:03pm
Thanks, everybody, for your suggestions. After speaking to a friend of mine who has some legal knowledge, I've decided not to post the EA. The situation is apparently somewhat more complicated than I explained previously.

Sorry if I gave anybody any false hopes.

@campco, I don't speak German, actually I live in New Zealand. I guess you got the idea from the nickname 'hanover'. I intended to register at FF as 'hangover', but I'd already pressed the Enter key before I realized my mistake. One of the hazards of typing while drunk.
  • #58
  • Feb 11, 2011 5:59am Feb 11, 2011 5:59am
Quoting hanover
Thanks, everybody, for your suggestions. After speaking to a friend of mine who has some legal knowledge, I've decided not to post the EA. The situation is apparently somewhat more complicated than I explained previously.
The situation has now been resolved and I've gone ahead and posted the software.

I'm possibly not supposed to post here, but I've openly declared my commercial interest, and the product is currently only in beta. There's no sales pitch; evaluate the product on its merits and decide whether or not it's valuable to you.

To the FF moderators: please feel welcome to delete this post if I've broken the rules.
  • #59
  • Feb 19, 2011 12:24am Feb 19, 2011 12:24am
Hi all,

I have updated the software back in December this time without an expiration date. It looks like hanover has quite a program there though which does much more than my original one.

I had to rewrite this as I lost the original code. I am no longer trading spot forex but rather futures, and as such do not use MT4.

I hope you can find the software useful, it is free for your personal use, all I ask is that you pay it forward to others!
Attached File(s)
File Type: mq4 Visual Position Size Calculator.mq4   9 KB | 1,925 downloads
  • #60
  • Feb 19, 2011 3:28am Feb 19, 2011 3:28am
Hi guys,

Here is a similar EA that I have created. You set the risk in the EA settings and drag the line to where your stoploss should be set. The display will show you the lotsize to trade.

There is also a script that you can drag and drop. This script will make the trade for you using the lotsize and stoploss set by the EA. There is only 1 script, which will buy if your SL is below the market price and it will sell if your stoploss is above the market price.
Attached File(s)
File Type: mq4 Visual_OrderSize_EA.mq4   5 KB | 1,856 downloads
File Type: mq4 Visual_Order_Trade.mq4   3 KB | 1,597 downloads
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