This put up is the consumer tips of Simple Commerce Calculator for each MT5 & MT4 variations.
OVERVIEW
There are some constraints between threat, cease loss and quantity for a secure commerce. That you must know and let threat underneath administration earlier than you making a commerce.
Simple Commerce Calculator helps to simplify calculation of entry/cease slot/take revenue ranges and lot measurement, make it extra correct and far faster than do it manually.
This instrument gives a Calculate Panel that lets you setup:
- Danger in foreign money worth or p.c of your account steadiness/fairness/free margin
- Commerce route is purchase or promote
- quantity in a hard and fast worth or auto-calculated (based mostly on threat and cease loss)
- Entry degree utilizing fastened value you propose to entry or use market value with stay replace
- Cease loss degree in absolute worth or in factors
- Take revenue degree in absolute worth, in factors or in threat/reward ratio
Setup elements and calculated information will probably be displayed in a Visual Panel with extra data:
- % of change at SL degree and TP degree
- Estimated loss/earn if reaching SL degree or TP degree
- Estimated margin required for the commerce
There may be no setup required while you add Simple Commerce Calculator into chart. Simply keep in mind to verify “Enable Algo Buying and selling” checkbox. The instrument wants this proper that can assist you place orders.
1. Calculate Panel
Calculate panel consists of 3 sections: Entry, Cease Loss and Take Revenue. There are constrains amongst fields to auto-calculate entry/cease loss/take revenue ranges, entry lot measurement, threat, threat/reward ratio.
The primary concept is when updating a number of fields, different elements are auto-calculated to allow you to know entry/cease loss/take revenue ranges, lot measurement, threat and threat/reward ratio.
- Commerce Sort: Particular that you just intent to Purchase or Promote
- Lot Sort: You need to commerce with a hard and fast lot or auto-calculated it based mostly on Danger and Cease Loss degree
- Lot Measurement: Enter lot measurement you need to purchase/promote right here
– Simply enabled if “Mounted Lot” is On
– Components: lot_size = threat / (stop_loss_points * point_value). point_value will depend on image
– Lot measurement is auto rounded to a legitimate lot measurement
– If up to date, these fields will be re-calculated: stop_loss_price, stop_loss_points, take_profit_rr - Value Sort: Entry commerce by fastened value or market value (Purchase = Market Ask; Promote = Market Bid)
– In the event you select “Mounted Value”, enter value within the subsequent subject
– In the event you select “Market Bid/Ask”, you possibly can particular an adjustment quantity in factors for higher entry level
– While you select “Market Bid/Ask”, Visible Panel will transfer up/right down to mirror market value modifications and you’re unable to regulate entry level by dragging entry degree in Visible Panel - Entry Value Worth: Particular entry value right here. Simply obtainable with “Mounted Value” choice
- Entry Regulate Factors: Outline an adjustment level quantity from the market value
– Simply obtainable with “Market Bid/Ask” choice
– Could be a constructive or damaging quantity
– This quantity will probably be add on to market bid/ask value and does not care the entry route - Cease Loss Value: Cease Loss degree in absolute worth
– I If up to date, these fields will be re-calculated: stop_loss_points, take_profit_rr, threat, lot_size - Cease Loss Factors: Cease Loss degree in factors
– If up to date, these fields will be re-calculated: stop_loss_price, take_profit_rr, threat, lot_size - Danger Unit: Unit of threat. It may be a hard and fast quantity or p.c of your account steadiness/fairness/free margin
- Danger: Outline acceptable threat of commerce
– Unit might be absolute quantity in account foreign money (USD, EUR,…) or p.c of account steadiness/fairness/free margin
– Choose threat unit by choose from dropdown listing above this subject
– Danger might be over account steadiness if utilizing absolute quantity however most 100% if utilizing p.c of account steadiness/fairness/free margin
– If up to date, these fields will be re-calculated: lot_size, stop_loss_price, threat, take_profit_rr - Take Revenue Value: Take revenue degree in absolute worth
– If up to date, these fields will be re-calculated: take_profit_points, take_profit_rr - Take Revenue Factors: Take revenue degree in factors
– If up to date, these fields will be re-calculated: take_profit_price, take_profit_rr - Take Revenue R/R: Particular Danger/Reward ratio of commerce
– Components: take_profit_rr = take_profit_points / stop_loss_points
– If up to date, these fields will be re-calculated: take_profit_price, take_profit_points
Necessary observe: As a result of account steadiness/fairness/free margin is up to date ceaselessly rely on open positions/orders, Simple Commerce Calculator makes use of newest worth when it’s added or when threat unit is up to date. If you wish to replace to newest worth, you possibly can re-select threat unit from dropdown listing
2. Visible Panel
All setup you make in Calculate Panel will probably be mirrored in a Visible Panel to let you’ve a visualize view of your commerce. You additionally in a position to drag Entry/SL/TP ranges of Visible panel to regulate your commerce setup. All the pieces will probably be stay up to date and mirrored in Calculate panel.
- Info format of Entry degree: Entry Sort: Value, Quantity | Estimated margin
- Info format of SL degree: Value, Quantity | TP in factors = TP in p.c | RR ratio, Estimated revenue
- Info format of TP degree: Value, Quantity | SL in factors = SL in p.c | Estimated loss
Notes:
- You’ll not in a position to drag Entry degree if entry value kind is Market Bid/Ask
- Visible panel will probably be adjusted on tick change if entry value kind is Market Bid/Ask
3. Different Useful Options
You need to use controls within the Calculate panel to entry these useful options
3.1 Save Settings
Use Save Setting characteristic to avoid wasting your setup and alerts for additional use
- Click on on Save icon in controls bar to open Save dialog
- Enter title you need to use
- Click on Verify to avoid wasting
3.2 Load Saved Settings
Use Load Saved Settings characteristic to load setup and alerts you saved
- Click on on File Open icon in controls bar to open Load dialog
- Choose setting file you saved (if any)
- Click on Verify to load
Notice: On load settings dialog, you possibly can click on on Cross icon to take away your saved settings file
3.3 Present/Disguise Visible panel
- Click on on the Present/Disguise icon to toggle visibility of the visible panel
3.4 Swap Theme Mode
Click on on the Mild/Darkish mode icon on top-right nook (subsequent to reduce and shut icons) to modify to the theme mode you favor.
Thanks for studying! Be Secure & Completely happy Buying and selling!
