Easy Trade Calculator: User Guidelines – Other – 25 January 2025

This submit is the person pointers of Straightforward Commerce Calculator for each MT5 & MT4 variations.

OVERVIEW

There are some constraints between danger, cease loss and quantity for a secure commerce. That you must know and let danger underneath administration earlier than you making a commerce.
Straightforward 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 means that you can setup:

Danger in forex worth or % of your account steadiness/fairness/free margin
Commerce course is purchase or promote
quantity in a set worth or auto-calculated (based mostly on danger and cease loss)
Entry degree utilizing fastened worth you plan to entry or use market worth with stay replace
Cease loss degree in absolute worth or in factors
Take revenue degree in absolute worth, in factors or in danger/reward ratio

Setup elements and calculated information might be displayed in a Visual Panel with extra data:

P.c 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 once you add Straightforward Commerce Calculator into chart. Simply bear in mind to verify “Enable Algo Buying and selling” checkbox. The instrument wants this proper that can assist you place orders.

Overview

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, danger, danger/reward ratio.
The primary thought 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, danger and danger/reward ratio.

Commerce Sort: Particular that you simply intent to Purchase or Promote
Lot Sort: You wish to commerce with a set lot or auto-calculated it based mostly on Danger and Cease Loss degree
Lot Measurement: Enter lot measurement you wish to purchase/promote right here
– Simply enabled if “Mounted Lot” is On
– System: lot_size = danger / (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
Worth Sort: Entry commerce by fastened worth or market worth (Purchase = Market Ask; Promote = Market Bid)
– Should you select “Mounted Worth”, enter worth within the subsequent subject
– Should you select “Market Bid/Ask”, you possibly can particular an adjustment quantity in factors for higher entry level
– Whenever you select “Market Bid/Ask”, Visible Panel will transfer up/right down to mirror market worth modifications and you’re unable to regulate entry level by dragging entry degree in Visible Panel
Entry Worth Worth: Particular entry worth right here. Simply out there with “Mounted Worth” choice
Entry Modify Factors: Outline an adjustment level quantity from the market worth
– Simply out there with “Market Bid/Ask” choice
– Could be a constructive or damaging quantity
– This quantity might be add on to market bid/ask worth and does not care the entry course
Cease Loss Worth: Cease Loss degree in absolute worth
– I If up to date, these fields will be re-calculated: stop_loss_points, take_profit_rr, danger, 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, danger, lot_size
Danger Unit: Unit of danger. It may be a set quantity or % of your account steadiness/fairness/free margin
Danger: Outline acceptable danger of commerce
– Unit might be absolute quantity in account forex (USD, EUR,…) or % of account steadiness/fairness/free margin
– Decide danger unit by choose from dropdown record above this subject
– Danger might be over account steadiness if utilizing absolute quantity however most 100% if utilizing % of account steadiness/fairness/free margin
– If up to date, these fields will be re-calculated: lot_size, stop_loss_price, danger, take_profit_rr
Take Revenue Worth: 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
– System: 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 word: As a result of account steadiness/fairness/free margin is up to date continuously depend upon open positions/orders, Straightforward Commerce Calculator makes use of newest worth when it’s added or when danger unit is up to date. If you wish to replace to newest worth, you possibly can re-select danger unit from dropdown record

2. Visible Panel

All setup you make in Calculate Panel might be mirrored in a Visible Panel to let you will have a visualize view of your commerce. You additionally capable of drag Entry/SL/TP ranges of Visible panel to regulate your commerce setup. Every little thing might be stay up to date and mirrored in Calculate panel.

Info format of Entry degree: Entry Sort: Worth, Quantity | Estimated margin
Info format of SL degree: Worth, Quantity | TP in factors = TP in % | RR ratio, Estimated revenue
Info format of TP degree: Worth, Quantity | SL in factors = SL in % | Estimated loss

Notes:

You’ll not capable of drag Entry degree if entry worth kind is Market Bid/Ask
Visible panel might be adjusted on tick change if entry worth kind is Market Bid/Ask