Position Sizer

Position Sizer

EarnForex
+
+

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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.

About

TradeBench is a cost free online trading journal, trade planning, position sizing and risk management software for private stock, futures, CFD and forex traders in the financial markets. Our number one goal is to make you a more profitable trader. This is achieved by offering a structured approach to your trade planning and position sizing/risk management as well as an easy-to-use way of journaling your trades making reviewing and learning from previous trades an integral part of your trading routine. The importance of planning your trades cannot be stressed enough if you want to survive and be profitable in the financial markets. You need to have a plan for both entry and exit and know exactly what to do, whether the trade goes your way or not. Our trade plan page automatically gives you a trade plan summary with automatic calculation of important metrics like potential profit and loss, reward/risk ratio – and more, for the trade you are planning. Website: tradebench.com

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

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

Audience

Traders looking for a 100% cost free Trading Journal solution

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

$0
Free and open-source
Free Version
Free Trial

Pricing

Free
100% Cost Free.

No paid plans!
Free Version
Free Trial

Reviews/Ratings

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

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:

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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

EarnForex
Founded: 2005
France
www.earnforex.com

Company Information

TradeBench
Founded: 2011
tradebench.com

Alternatives

Alternatives

StockCal

StockCal

Limsbro

Categories

Categories

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5
Claim Position Sizer and update features and information
Claim Position Sizer and update features and information
Claim TradeBench and update features and information
Claim TradeBench and update features and information