Useful lot size indicator! - Page 214
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Thread: Useful lot size indicator!

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    Registered user techboy's Avatar
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    Useful lot size indicator!

    We all know that implementing proper risk and money management in trading is very important so setting the proper lot size in every trade is must, but it takes time to compute the right lot size manually that will lead you to miss a trade especially if you are an intraday trader, I would like to share to you an indicator that will automatically display the right lot size base on the settings that we set, so you dont have to bother computing it manually, it will display the right lot size at the bottom of your chart.

    Just set the cost per pip, the stop loss and the percentage you want to risk and it will compute automatically based on your current balance, not the equity.

    Copy the file on the indicator folder of your MT4 folder and attached it in your chart.

    If you have questions just PM me or post it here!

    Hope this help!

    Attachment 12343

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    It is right way to trade with properly manage your risk and apply a useful lot size because as we increase the lot size our risk is automatically increase which we have to avoid we all have to build our trade plan in right of the direction with good use of strategies and with manually managed your risk here .

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    Registered user cutiekc's Avatar
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    Quote Originally Posted by tejaravi View Post
    It is right way to trade with properly manage your risk and apply a useful lot size because as we increase the lot size our risk is automatically increase which we have to avoid we all have to build our trade plan in right of the direction with good use of strategies and with manually managed your risk here .
    Those who don't trade with the use of risk management, then they are gambling and it will only be a matter of time before they start losing a lot of their money. Therefore the use of the lotsize indicators is a good thing, we can make good use of it as per for the beginners, but furthermore, for the traders who are more experience then they should make use of the manual approach.

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  4. #2133
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    What should be done in this business is to see we that we use the right lot size that will give us a better chance to manage our risk and see we can have the possible means to earn from this trade. Here our lot size is important and with the right lot size we will be able to know how to contain this risk and put in time to manage our risk in forex. This lot size is important and this indicates the very risk we are willing to take.

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  5. #2134
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    Simply we have use to small lot size because if we have a good strategy behind it will help trader to make their trade ideas highly successful , we need a useful lot size in trading without of it we face higher risk which is not suitable for our trading we must use our trade ideas in right of the direction to make our trade plan in right of the way .

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  6. #2135
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    Quote Originally Posted by Runner View Post
    Simply we have use to small lot size because if we have a good strategy behind it will help trader to make their trade ideas highly successful , we need a useful lot size in trading without of it we face higher risk which is not suitable for our trading we must use our trade ideas in right of the direction to make our trade plan in right of the way .
    When we take small risks and open small lot of trades then we can stand some price movement and till pices turns in our favor. A trader should not be so careless that he takes very high risks that can land him in troubles and financial issues. The issue is most of the traders cannot be strict with their money management and that is why they get margin calls.

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  7. #2136
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    I do agree with the point you made of a truth its difficult to see trading moving away from your point of entry while you are still struggling to get the right lotsize to use.i have seen most traders use Risk calculator which automatically calculate the right lotsize to be use irrespective of how big the stop loss is, in that if you lose the trade you will be loosing thesame amount as though it was a small Stop loss.

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  8. #2137
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    I do not like to trade "all in" so I do not need for such lot size indicator. I trade with my usual lot sizes 0,1 or 0,01 and it is very easy to see how much margin are used and how many orders I can open. But I believe that such indicator can be useful for new traders that are not able to count lot size and they do not use risk and money management.

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  9. #2138
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    Quote Originally Posted by ola4real View Post
    It is never difficult to explain the good money and risk management, what is difficult is how traders would overcome emotion in order to make sure that they use their planned money and risk management. Money and risk management is all about the trader knowing the risk they are using to trade in terms of the lot size they will use for trading and the percentage of their account they will risk for it too. If they are well planned, the traders will have a safe account.
    what I mean is the difficulty they manage because of lack of funds in accordance with their strategy rules, so they impose a strategy that runs improperly they make on a demo account, because it is not patience in saving or seeking capital first for their trading account, in this case circulation this is indeed the same as the emotions they control because of a force and violates the rules of lot size.

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  10. #2139
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    Quote Originally Posted by geddam View Post
    When we take small risks and open small lot of trades then we can stand some price movement and till pices turns in our favor. A trader should not be so careless that he takes very high risks that can land him in troubles and financial issues. The issue is most of the traders cannot be strict with their money management and that is why they get margin calls.
    Before start our trade in market proper carefully and good planning are very important for trader then you can getting anything well from it. A lot of simple or powerful indicator available for beginner in the forex market but without take good knowledge about this indicator well you should not get good result from stock market.

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  11. #2140
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    There are a lot of type of powerful trading indicator available for beginner in forex market. But trader most of time use and prefer moving average and adx indicator to install into trading chart pattern after it you should make everyday powerful indicator strategy for trading and getting good profit in it. These both indicator combine strategy are very reliable and profitable way for trader if you can made it with proper discipline and planning.

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