AlgoWay vs. Position Sizer Comparison


AlgoWay	Position Sizer EarnForex	+	+
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About AlgoWay is a trade automation platform that receives signals via webhooks from TradingView/MT5/cTrader and executes orders across multiple brokers and exchanges through integrations (MetaTrader 5, cTrader, TradeLocker/Match-Trader/DXtrade, Binance/Bybit, and more). It supports order routing, risk controls (position sizing, SL/TP), and position management (take profit, partial closes, trailing logic). AlgoWay can run multiple strategies and manage multiple accounts, including a “clone” mode to replicate trades across accounts. The platform includes a dashboard with execution logs and connection status monitoring to keep operations transparent and reliable. It is built for traders and teams that want consistent signal-to-execution automation without manual intervention.	About Position Sizer is a trading panel expert advisor that lets you calculate the position size for your trades based on your risk tolerance, stop-loss, and the trading instrument you are working with. You can execute trades using the panel's interface and keyboard shortcuts. Version of Position Sizer are available for MetaTrader 4 and MetaTrader 5. It also offer multiple additional features, such as margin calculation, swap calculation, risk calculation, breakeven, and trailing stop. There are multiple customization options to configure the calculator according to your trading strategy and the conditions imposed by your broker (or your prop firm). Position Sizer's panel preserves your settings through change of timeframe or currency pair and turning the platform on/off.
Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported	Platforms Supported Windows Supported Mac Not Supported Linux Not Supported Cloud Not Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported
Audience Retail traders, prop traders, algo trading teams, and small funds who want automated trades	Audience Traders in Forex, CFD, futures, indices, and stocks
Support Phone Support Not Supported 24/7 Live Support Supported Online Supported	Support Phone Support Not Supported 24/7 Live Support Not Supported Online Supported
API Offers API Supported	API Offers API Not Supported
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing $6/month AlgoWay pricing starts from $7/month for MT5 automation routes and $9/month for TradingView webhook routes and $12/month for Telegram trade copier. Each plan is route-based, meaning you pay for the active Source → Platform connection, not for the number of alerts, symbols, or webhook messages. Free Version Not Supported Free Trial Supported	Pricing $0 Free and open-source Free Version Supported Free Trial Not Supported
Reviews/Ratings Overall 0.0 / 5 ease 0.0 / 5 features 0.0 / 5 design 0.0 / 5 support 0.0 / 5 This software hasn't been reviewed yet. Be the first to provide a review: Review this Software	Reviews/Ratings Overall 5.0 / 5 ease 5.0 / 5 features 5.0 / 5 design 4.8 / 5 support 5.0 / 5 Read all reviews
	Pros & Cons from Real Users Pros position sizer makes sticking to firm risk limits effortless. calculates every trade down to the decimal perfect for prop account restrictions i like how position sizer simplifies trade planning. perfect risk control and margin calculations no mistakes even on volatile pairs. position sizer keeps my risk consistent on every trade. no more guessing lot sizes — i just set my stop loss and risk %, and it does the math perfectly. Easy to use and install - couldn't be without it now. Lots of video instructions on youtube about how to use and install - please look up if you get stuck! Cons switching between instruments takes a few seconds longer than expected. I would love a dark mode option for night sessions. took me a bit to adjust the broker settings right, but once done, it’s smooth. Didn't come precompiled. Video on their download page shows you how to compile and it takes 30 seconds so not really a con but the only downside I could think of.
Training Documentation Supported Webinars Not Supported Live Online Not Supported In Person Supported	Training Documentation Supported Webinars Not Supported Live Online Not Supported In Person Not Supported
Company Information AlgoWay Founded: 2024 Georgia algoway.trade	Company Information EarnForex Founded: 2005 France www.earnforex.com
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Categories Algorithmic Trading Supported	Categories CFD Brokers and Trading Supported Forex Robots Supported

Integrations MetaTrader 5 Supported Alpaca Supported Binance Supported BingX Supported Bitget Supported Capital.com Supported Coinbase Supported DXtrade Supported Gate.io Supported Hyperliquid Supported Kraken Supported KuCoin Supported MEXC Supported MetaTrader 4 Not Supported OKX Supported ProjectXpert Supported Telegram Supported TradeLocker Supported TradingView Supported cTrader Supported Show More Integrations View All 23 Integrations	Integrations MetaTrader 5 Supported Alpaca Not Supported Binance Not Supported BingX Not Supported Bitget Not Supported Capital.com Not Supported Coinbase Not Supported DXtrade Not Supported Gate.io Not Supported Hyperliquid Not Supported Kraken Not Supported KuCoin Not Supported MEXC Not Supported MetaTrader 4 Supported OKX Not Supported ProjectXpert Not Supported Telegram Not Supported TradeLocker Not Supported TradingView Not Supported cTrader Not Supported Show More Integrations View All 2 Integrations
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