CFD Position Size Calculator

Hi,

Here's a little 'present' for everybody (anybody interested).

I spent many hours 'trolling' the Internet trying to find a CFD Position Size Calculator. NOTHING!!! There must be HUNDREDS of different FOREX Position Size Calculators around but I found nothing for calculating your position size based on your risk / money management rules and which converts the CFD Price Quote Currency to your trading account's base currency and then determines position size (factoring in any commissions payable, if any, as well) and whether or not you can take the trade or not based on your risk / money management rules etc. As we ALL SHOULD know by now: risk / money management can 'make or break you' so I wrote this little application to make my life easier (I just got sick and tired of using a calculator or Excel for the same purpose).

Please do note: this version (the first version) is only valid for USD denominated accounts. The next version will allow the trader to set the base currency of their trading account (but that's not quite as easy a task as it may sound but 'I'll get there' if there is the necessary interest).

You have my word (and if nothing else THAT IS worth something): the application is virus free, spyware free, and the uninstaller will leave NOTHING behind on your PC if you decide that you don't wish to use the application.

Also: 'no tricks'. It's REALLY TOTALLY FREE (no 'trial version' or expires at a certain date or anything like that)!!! And feel free to distribute it to anyone else that you think that it may be of benefit to. There's no registration required or anything like that either. Like I said: this is REAL 'freeware' and I make it available in an effort to make life easier for those that are trading CFDs on Stocks, Indices, Futures, ETFs, and Gold and Silver (the 'wise' ones)!!! LOL!!!

Enjoy.

Any criticism or suggestions for improvement are most welcome.

If used with my broker and the API is installed and activated the application will automatically retrieve the spot FOREX rate to convert the CFD Price Quote Currency to USD before doing the calculations (but it can be used with any broker i.e. you just have to input the figures yourself is all but if you're trading on the shorter timeframes this can be a problem because sometimes, by the time you've input all your data and found the relative spot FOREX rate you may have already missed the trade unfortunately. At least that's what I was finding i.e. maybe I'm just 'a bit slow')!!! LOL!!!

Anyway: I hope it's useful to some (I wasn't QUITE sure where to post it so I figured a forum on Stocks and Commodities would be a good place)!!! LOL!!!

Regards,

Dale.

Oops!!! 'Egg on my face' already!!! LOL!!!

I just realised (while trading an ETF with commissions) that if you input a value ONLY in the 'Commission in USD' field i.e. if you left the value for all other fields as zero: then the CFD Position Size Calculator would inform you that you could buy or sell a number of units based purely on the amount entered in the 'Commission in USD' field. Problem fixed and hence ALREADY a new version (v2.1)!!! LOL!!!

One thing I did not mention is that whatever value is input in the 'Commission in USD' field it is DOUBLED by the software when performing the position size and actual risk value calculations (simply because you pay commission upon opening the trade and you pay commission upon closing the trade).

For those of you that have already downloaded and installed version 2.0 please uninstall it (via Windows' 'Add/Remove Programs') and install the new version (attached to this post). My apologies.

Regards,

Dale.

Hi,

A new version (more of an 'update' really) of my CFD Position Size Calculator has been released.

Unfortunately: I cannot edit my above post(s) (there is a 24-hour limitation on editing your own posts) so I cannot delete the attachment nor the post(s) above and replace them with details of a new version or update. For this reason (and I hope this is going to be alright with the Administrators) I've decided to post a link to where the latest version can always be found. The link to the latest version will always be found in the Downloads Forum found here:

http://www.techtradercentral.proboards.com/

It just makes life a little easier i.e. I only have to maintain any new version or update on ONE site thus making version control a far easier task.

Regards,

Dale Paterson.

Hello Dale!
It's a shame no one's told you how great it is that you put this up. I've been searching and searching for a position size calculator that's made for indice but haven't found a thing. This is the reason why I haven't been trading these markets
So anyway I tried going to the site that you put up in your last post but it's been under maintenance since 2013! Can you please help me out with the updated version of this calculator?
thanks!