Position Sizer

Position Sizer

EarnForex
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About

The most important thing in Forex trading is not to lose your deposit. That is why you need a proper money management. Our EA allows to specify a maximal possible drawdown precisely, so that under any circumstances you wouldn’t lose more than expected. In the represented EA we applied a technology that automatically sets StopLoss for all orders on such a price, that will not let you lose a dollar more than it is pointed in the settings of the EA. The algorithm of Forex inControl is so unique that the EA can easily work on many currency pairs. But we chose two best ones. Trading on two currency pairs makes it possible to cover potential losses on one pair by the profit from trading on the other one. Such diversification allows getting a stable profit. Trading on two currency pairs with a possibility to limit a drawdown separately on each of them, gives a great opportunity to diversify your profit and risks. That will allow you to get a stable profit at minimal risks.

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
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Investors and anyone looking for a solution to automate their trading operations and increase profit

Audience

Traders in Forex, CFD, futures, indices, and stocks

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

$270 one-time payment
Free Version
Free Trial

Pricing

$0
Free and open-source
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.8 / 5
support 5.0 / 5

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
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Forex inControl
Founded: 2013
forex-incontrol.com

Company Information

EarnForex
Founded: 2005
France
www.earnforex.com

Alternatives

Alternatives

Forex Gump EA

Forex Gump EA

Forex Gump

Categories

Categories

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5
Claim Forex inControl and update features and information
Claim Forex inControl and update features and information
Claim Position Sizer and update features and information
Claim Position Sizer and update features and information