Forex margin calculation script.
To open a new Forex trade, you first need to calculate the available volume of the transaction, that is, the amount of funds required as collateral to maintain the position. This calculation can be done manually, or you can use a Forex margin calculator script. The latter option is clearly preferable, as it will avoid potential errors and save you time.
Automatic Forex lot calculation using a calculator
When trading on Forex, it is quite important to correctly calculate the volume of the upcoming transaction in accordance with the amount of funds in the trader's account.
The optimal indicator is considered to be when the size of an open position is no more than 10% of the amount of funds in the trader's account.
This approach will allow for the most optimal ratio between the transaction volume and the size of the trader's deposit.
The easiest way is to automate all calculations and entrust them to a special script that is installed on the MT4 trading platform.
Calculating a Forex lot size using a calculator allows you to immediately set your planned collateral level and, in just a few seconds, obtain the maximum allowable transaction volume.
Setting pending orders with a mouse.
This script allows you to quickly place pending orders in the trader's trading terminal using your mouse. This greatly simplifies the process, as you can clearly see the current price position and make any necessary adjustments.
The pending order script is a fairly convenient tool; it allows you to set not only the order itself but also the stop-loss and take-profit trigger parameters directly on the currency pair chart.
Script for determining the breakeven level.
The breakeven level is the price at which the financial result of a trade will be zero. It is used to move stop-loss and trailing stop orders to the breakeven zone. It serves as a benchmark for determining the financial result of an open order.
Script set 2 stop orders – two pending orders.
This version of the script is an assistant for placing pending orders in two directions at once.
Can be used for trading both according to a breakout strategy and on a trend rebound.
Allows you to immediately set all the necessary stop order parameters, the volume of planned transactions, the take profit and stop loss values, and the direction of the pending order.
In my opinion, the script is a little awkward to use, but perhaps someone will be able to use it more effectively.
Places buy-stop and sell-stop orders, so you can correctly assess the current forex trend.
Close losing orders.
This script allows you to set a stop-loss on all open orders at once. You simply set the loss level at which positions will be automatically closed and launch the program.
Once the financial result reaches the specified value in points, your order will be closed.
The program is designed for those traders who trade using a large number of simultaneously placed orders, with sharp price fluctuations
It will help prevent losses and close unprofitable orders.
Moreover, it will do this much faster than if you were to close it manually.
Automatic closing of all profitable positions
This script allows you to automatically close all profitable positions in your trading terminal. However, orders are only closed when a certain profit level in points is reached.
This means you can't just click your mouse and close all your profitable trades; it's essentially a take-profit , but with more advanced features and settings.
It can be used if there is a fast trend in the market and you simply do not have time to manage orders physically
For example, if there is an upward trend, we open a buy position, the trend continues, profit continues to grow, then we open another order, and in the script settings we specify a profit of 10 points.
As soon as the price reaches the required value, one order will close, followed by another.
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