Awesome Open Source
Awesome Open Source

Position Size Calculator

Position Size Calculator indicator for MT4 and MT5 by

Position Size Calculator automatically calculates the number of lots to trade based your risk tolerance, account size and currency, currency pair, commission, and other settings.

It is a feature-rich indicator that was designed to work with all kinds of instruments and to help with everything related to position sizing - margin, potential portfolio risk & profit, swaps, and so on.

Position Size Calculator - an example chart with ATR settings enabled

The indicator is accompanied by the PSC-Trader script, which can be used to open trades based on the calculations done by Position Size Calculator panel.

A very detailed description of the indicator and the script can be found here:

Installation instructions (including video):

All sorts of contributions are welcome!

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