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Position Size/Risk Calculator?

  • #1
  • First Post: Sep 27, 2012 7:10pm Sep 27, 2012 7:10pm
I am new to forex trading. I am trying to see how big position size are in $ amounts with MT4, but I can't. It only lets me see pip values. Say I have a 10k account, and want to risk 2% on each trade, with a 15-20 pip stop... How can I calculate how big my lot sizes should be?
What is any ocean but a multitude of drops?
  • #2
  • Sep 27, 2012 9:31pm Sep 27, 2012 9:31pm
Quoting Xhale12
I am new to forex trading. I am trying to see how big position size are in $ amounts with MT4, but I can't. It only lets me see pip values. Say I have a 10k account, and want to risk 2% on each trade, with a 15-20 pip stop... How can I calculate how big my lot sizes should be?
It's fairly simple, really.
I have a spreadsheet application that I modified from broker's quotes. I don't really need that because your broker should provide you with the pertinent information. It's just handy (spreadsheet) for me me to enter a number. After a while you don't even need the spreadsheet.

I might add that responding to a post with "you pussy"
Quoting Xhale12
You pussy.
may not be the best way to get cooperation

What do you think?
((I think I don't care what you think)
When the Joker is in the deck.. fear not and play it well
  • #3
  • Sep 27, 2012 9:43pm Sep 27, 2012 9:43pm
Quoting Xhale12
I am new to forex trading. I am trying to see how big position size are in $ amounts with MT4, but I can't. It only lets me see pip values. Say I have a 10k account, and want to risk 2% on each trade, with a 15-20 pip stop... How can I calculate how big my lot sizes should be?
I use notepad or pen and paper, combined with math. I have a calculator to help me spot fakes. Unless I misinterpreted your question. Do you not know how much money a pip is in terms of a lot? What size lot? Micro, mini, or standard?
Play the players, not the cards.
  • #4
  • Sep 27, 2012 9:47pm Sep 27, 2012 9:47pm
BTW.... if you want to piss people off do it in a way in which you may gain some knowledge. What do they fear? When and why do they become defensive? Offensive? You could learn much.

But if you have to ask simple questions that are best left for YOU to understand, it might take you a minute.

GL
When the Joker is in the deck.. fear not and play it well
  • #5
  • Sep 27, 2012 10:13pm Sep 27, 2012 10:13pm
Quoting Xhale12
I am new to forex trading. I am trying to see how big position size are in $ amounts with MT4, but I can't. It only lets me see pip values. Say I have a 10k account, and want to risk 2% on each trade, with a 15-20 pip stop... How can I calculate how big my lot sizes should be?
http://www.earnforex.com/position-size-calculator

http://www.forexticket.us/en/tools/04-01-position-size

http://www.goforex.net/money-management-calculator.htm
  • #6
  • Sep 27, 2012 10:18pm Sep 27, 2012 10:18pm
https://www.ibfx.com/Tools/Pip-Calculator
When the Joker is in the deck.. fear not and play it well
  • #7
  • Sep 27, 2012 10:26pm Sep 27, 2012 10:26pm
forex.com provides an excellent format for margin/pip value/risk calculation which can easily be transferred to a spreadsheet.
When the Joker is in the deck.. fear not and play it well
  • #8
  • Sep 27, 2012 11:19pm Sep 27, 2012 11:19pm
Super simple indicator will show up in the upper left of your charts. It will calculate a lot size based on the S/L you have put in calculated according to which pair the indicator is on. It will calculate based on your current Balance and the Quote Pair ( the 2nd currency in a pair ).

There are only two inputs in this ultra simple -- low brain cell requirement indicator.

Stop Loss in pips and Risk %.
http://i1235.photobucket.com/albums/...tSizeCalc2.png
http://i1235.photobucket.com/albums/...tSizeCalc1.png

Indicator attached ~ Just drag it into your indicators folder...
Attached File(s)
File Type: mq4 lot size calc.mq4   2 KB | 10,869 downloads
No longer trading forex. Looking for full time job.
  • #9
  • Sep 27, 2012 11:25pm Sep 27, 2012 11:25pm
Quoting Xhale12
I am new to forex trading. I am trying to see how big position size are in $ amounts with MT4, but I can't. It only lets me see pip values. Say I have a 10k account, and want to risk 2% on each trade, with a 15-20 pip stop... How can I calculate how big my lot sizes should be?
If you have $10,000 account, regardless of whether you have 50:1 or 200:1 margin buying power, if you only want to risk 2% per trade, that's equal to $200 for $10,000.

1 standard lot is 100,000 units.
1 mini lot is 10,000 units.
1 micro lot is 1,000 units.

So if you are trading a mini-lot account, then 1 pips = 1 dollar. Divide the 2% risk or $200 by your 15-20pips stop loss, e.g. divide $200 by 20pips = 10. That means you can trade 10 mini-lots (or 100,000 units). It is very simple.

Another link is this tool,
http://currensys.com/FreeForex.php
No longer trading forex. Looking for full time job.
  • #10
  • Sep 27, 2012 11:28pm Sep 27, 2012 11:28pm
Quoting mmaker
-- low brain cell requirement indicator.
Finally, someone has found exactly what I need.
When the Joker is in the deck.. fear not and play it well
  • #11
  • Jun 2, 2013 7:59pm Jun 2, 2013 7:59pm
Hello All!!

I've seen some automated Risk Calculators for the MT4 platform...

But these only seem to work if
A) Your account is in USD
B) You are looking at USD Pairs

Is there any way an indicator could be designed that would accurately give a risk percentage on a pair, even if it was a CAD/JPY and your account (as mine is) is in AUD?

Thanks in advance for the feedback!
  • #12
  • Jun 2, 2013 8:52pm Jun 2, 2013 8:52pm
Quoting Hwaand
Hello All!! I've seen some automated Risk Calculators for the MT4 platform... But these only seem to work if A) Your account is in USD B) You are looking at USD Pairs Is there any way an indicator could be designed that would accurately give a risk percentage on a pair, even if it was a CAD/JPY and your account (as mine is) is in AUD? Thanks in advance for the feedback!
Try these, see what numbers you come up with and report back ASAP

Attached File(s)
File Type: ex4 Brilliant Risk Calculator.ex4   2 KB | 7,179 downloads
File Type: ex4 Lot_Calculator_-_TFTC.ex4   2 KB | 6,246 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #13
  • Jun 2, 2013 9:28pm Jun 2, 2013 9:28pm
Quoting Erebus
{quote} Try these, see what numbers you come up with and report back ASAP {file} {file}

Hey Erebus!
First off thanks for your help with this... I'm using a Mac (off WINE) and its difficult to import (really hit and miss - being trying for the last half hour!) .ex4 files.
Can you send the .mq4 files, the pre-compiled script? Then I can just copy it off text editor and import it directly.
I finally just got the files into the system but it won't run them...

Thanks a lot...
  • #14
  • Jun 2, 2013 11:37pm Jun 2, 2013 11:37pm
Quoting Hwaand
{quote} Hey Erebus! First off thanks for your help with this... I'm using a Mac (off WINE) and its difficult to import (really hit and miss - being trying for the last half hour!) .ex4 files. Can you send the .mq4 files, the pre-compiled script? Then I can just copy it off text editor and import it directly. I finally just got the files into the system but it won't run them... Thanks a lot...
Sorry, that's all I have, they are locked or whatever the right word is for those files.

Get a real computer

Seriously, isn't there a program that you can run Windows programs within, or how about dual booting?

Regards, E.
It takes a lot for me to IGNORE you, but you can try.
  • #15
  • Jun 3, 2013 12:03am Jun 3, 2013 12:03am
Lol... I know right?! I am going to try them on my burnt out old laptop see if they work on that - If they do I'll retry to get them on this Mac.. (Grr..)
Thanks again! Will be in touch!!
  • #16
  • Aug 6, 2013 3:49pm Aug 6, 2013 3:49pm
Quoting Hwaand
Lol... I know right?! I am going to try them on my burnt out old laptop see if they work on that - If they do I'll retry to get them on this Mac.. (Grr..) Thanks again! Will be in touch!!
Hey Hwaand
I too WAS using Wine.

It caused 'issues' for me, and I thought it was my Mac, but it was not reliable enough to place trades, sometimes froze the laptop.
I also paid for it, but guess that is one of those things.

Have you tried 'CROSSOVER' - it is worth downloading a demo and running it to enable Windows to run.
I will buy this one, am still using the demo one for a few days left.
It's reliable, and fast, and orders can be placed.
I got it to run myself, and i am not a techie!!


I am relieved somewhat to read your post.


CrossOver Mac (Mac) - Download
  • #17
  • Aug 6, 2013 5:19pm Aug 6, 2013 5:19pm
For calculating position size I use the aptly named PositionSizeCalculator. Entry and Stop Loss prices as well as "risk percent" or "amount of money risked" can be entered into the dialog box. The indicator places horizontal lines at the entry and stop loss levels. When these lines are dragged to new positions the lot size is automatically recalculated.

Hwaand and Erebus: Another way to run MT4 is by using PlayOnMac together with XQuartz, which works well on my iMac. Full info on where to download both at no cost and how to install them is clearly explained here:
http://www.alpari.co.uk/support/faqs...ilable-for-mac
Attached File(s)
File Type: mq4 PositionSizeCalculator.mq4   11 KB | 7,583 downloads
TheLazyForexTrader
  • #18
  • Aug 14, 2013 10:09pm Aug 14, 2013 10:09pm
great tool, thanks for sharing invicta

Quoting invicta
For calculating position size I use the aptly named PositionSizeCalculator. Entry and Stop Loss prices as well as "risk percent" or "amount of money risked" can be entered into the dialog box. The indicator places horizontal lines at the entry and stop loss levels. When these lines are dragged to new positions the lot size is automatically recalculated. Hwaand and Erebus: Another way to run MT4 is by using PlayOnMac together with XQuartz, which works well on my iMac. Full info on where to download both at no cost and how to install them is clearly...
  • #19
  • Jan 18, 2014 1:45pm Jan 18, 2014 1:45pm
Quoting mmaker
Super simple indicator will show up in the upper left of your charts. It will calculate a lot size based on the S/L you have put in calculated according to which pair the indicator is on. It will calculate based on your current Balance and the Quote Pair ( the 2nd currency in a pair ). There are only two inputs in this ultra simple -- low brain cell requirement indicator. Stop Loss in pips and Risk %. {image} {image} Indicator attached ~ Just drag it into your indicators folder... {file}
Is it possible to edit this indi to be positioned in different corners of the chart?...please
  • #20
  • Jan 20, 2014 2:35am Jan 20, 2014 2:35am
find this one really useful: http://www.forexrazor.com/en-us/tool...alculator.aspx
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