Position Sizer

Position Sizer

EarnForex
5.0 out of 5 stars
MyForexPath Position Sizer

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MyForexPath:

About

MyForexPath is a fully automated Forex trading robot designed to identify market trends and execute trades accordingly. Utilizing algorithms and indicators such as Moving Averages (MA) and Parabolic SAR, it operates on three currency pairs, AUD/USD, EUR/USD, and USD/CAD. Compatible with MetaTrader 4 and MetaTrader 5 platforms, the EA features four independent trading sessions per pair, enhancing signal frequency without compromising quality. It includes a drawdown control system with smart stop loss calculations to protect against unplanned losses. Backtesting indicates that, with maximum risk settings, an initial $1,000 investment could have grown to over $11 million on AUD/USD and EUR/USD pairs, and over $17 million on USD/CAD. With normal risk settings, the same initial investment could have yielded between $51,214 and $478,632 across the three pairs. The EA boasts an average win rate of 65–70% per trade.
Position Sizer:

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.
MyForexPath:

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
Position Sizer:

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
MyForexPath:

Audience

Investors in search of a solution that leverages trend-following strategies to enhance trading performance
Position Sizer:

Audience

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

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
Position Sizer:

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported
MyForexPath:

API

Offers API Not Supported
Position Sizer:

API

Offers API Not Supported
MyForexPath:

Screenshots and Videos

Position Sizer:

Screenshots and Videos

MyForexPath:

Pricing

$285 one-time payment
Free Version Not Supported
Free Trial Not Supported
Position Sizer:

Pricing

$0
Free and open-source
Free Version Supported
Free Trial Not Supported
MyForexPath:

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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Position Sizer:

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.8 / 5
support 5.0 / 5
Position Sizer:

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.
MyForexPath:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
Position Sizer:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
MyForexPath:

Company Information

MyForexPath
myforexpath.com
Position Sizer:

Company Information

EarnForex
Founded: 2005
France
www.earnforex.com
MyForexPath:

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MyForexPath:

Categories

Forex Robots Supported
Position Sizer:

Categories

MyForexPath:

Integrations

MetaTrader 4 Supported
MetaTrader 5 Supported
Position Sizer:

Integrations

MetaTrader 4 Supported
MetaTrader 5 Supported
MyForexPath:
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Position Sizer:
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