Script for calculating margin on Forex.

In order to open a new transaction on Forex, you must first calculate the available volume of the transaction, that is, the amount of funds that will be pledged, necessary to maintain the position. This calculation can be done manually, or you can use a script for calculating collateral on Forex. The last option is clearly preferable, as it will avoid possible errors and save your time.

As you can see in the figure below, this program is quite easy to use; it just displays a number of necessary parameters on the screen of the MetaTrader 4 trader’s trading terminal. All data is shown in a small pop-up window that contains the following set of parameters.

1. The name of the brokerage company where the trader’s account is opened.
2. Account name
Leverage used .
4. Free funds available for opening new orders.
5. The amount of collateral for already open positions, in this case it is EUR/USD and the collateral is $1,305, based on the current exchange rate.
6. Stop out – the level of the stop out indicator, upon reaching which the broker will forcefully close the transaction.
7. The amount of funds required to open a new transaction with a volume of 0.1 standard Forex lot, that is, 10,000 units of the base currency.

To use this script you should follow a few simple steps.

Download the script for calculating the margin on Forex.

Unpack the existing archive onto your computer.

Copy it to the experts\scripts folder of your trading terminal, restart the trader’s terminal and click on the “Info” script, which is located in the “Navigator” panel window, scripts folder.

After this, the long-awaited window will appear.

The size of the collateral amount is influenced by several main indicators, such as the applied leverage and the currency pair on which trading will be carried out.

You can get more detailed information on making payments in the article “ Forex Collateral ”.