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Position Size Calculator
http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=140&t=51451		 Page 1 of 1
Author:  pilotfish [ Tue 24 Jun, 2014, 22:21 ]
Post subject:  Position Size Calculator
I really need an equipment for the JForex which can calculate the position size when I set the stop loss level on the chart and I defined risk in % of my equity.
I want to set only the TP, maybe slippage, and the Risk %. I would like to set the SL on the chart.
The software calculate and set the position size, and recalculate when the actual price is changing.

Maybe it should take into consideration the commission as well. Either the software calculate somehow or I set an average commission value in pips in advance, for example 1 pip.

Maybe is there a solution? I haven’t found.

If somebody understands my very poor English and he/she can help me I thank him/her very much in advance.

I attached a picture which show how I imagine the problem.

Image

Attachments:
JFproject3.jpg [285.61 KiB]
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Author:  amine_chourou [ Wed 25 Jun, 2014, 09:42 ]
Post subject:  Re: Position Size Calculator
Greetings,

Well, this is basically possible but using Visual Jforex you need to specify either you need fully automated trading or partial one:
- If you need to determine these variables, you can give us the calculation formula of each variable and specify which variable is to be manually input (risk rate ?)
- If you need these variables to be populated in the order entry window then it is not possible to do this using Visual Jforex. VJF can do the calculation and trade on your behalf with regards to your entry conditions.
- You can use a VJF strategy that doesn't trade and perform only the calculations in real time but you need to input manually the price, SL etc in case you need to keep control of your trades.

Waiting for your feedback ...

Thx
Author:  pilotfish [ Wed 25 Jun, 2014, 18:19 ]
Post subject:  Re: Position Size Calculator
amine_chourou wrote:
Greetings,

Well, this is basically possible but using Visual Jforex you need to specify either you need fully automated trading or partial one:
- If you need to determine these variables, you can give us the calculation formula of each variable and specify which variable is to be manually input (risk rate ?)
- If you need these variables to be populated in the order entry window then it is not possible to do this using Visual Jforex. VJF can do the calculation and trade on your behalf with regards to your entry conditions.
- You can use a VJF strategy that doesn't trade and perform only the calculations in real time but you need to input manually the price, SL etc in case you need to keep control of your trades.

Waiting for your feedback ...

Thx


Hi Amine Chourou,

Thank you for your quick answer!

Finally I found that the solution already exists in the JStore. I had downloaded lot of softwares from it before, and finally after I sent my post I noticed an other interesting named strategy.
It is called "smartFX Trader" and it looks it knows what I wanted.

I started to test it and at this moment it looks good.

Again, thank you for your reply!
Author:  amine_chourou [ Thu 26 Jun, 2014, 12:45 ]
Post subject:  Re: Position Size Calculator
Great!
The smart FX is really an intuitive tool!
Enjoy!
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