Money

Money Flow Index (MFI) – indicator MetaTrader 5

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Money Flow Index indicator
Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. When analyzing the money flow index one needs … Read more

XIT_BuySellAutoStoploss.mq4 – Stoploss set from Fractal Levels, Money management Risk/Reward – script MetaTrader 4

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XIT_BuySellAutoStoploss.mq4 - Stoploss set from Fractal Levels, Money management Risk/Reward - script for MetaTrader 4
XIT_BuySellAutoStoploss.mq4 – Stoploss set from Fractal Levels, Money management Risk/Reward My main goal here with this script was to help improve my win ratio, by setting my stoploss at fractals with the best support. I had been using fixed stoploss values, and kept having the stop hit and within minutes the price went back into … Read more

Money Manager Graphic Tool – indicator MetaTrader 4

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Money Manager Graphic Tool - indicator for MetaTrader 4
ChangeLog: v1.03: Correction for more stability. Works now fine with symbols with 1 digit. Correction on the EA, better information on error, correct the open order. v1.02: Added Magic Number. Added button Stop Loss On/Off. Correction on the indicator and the EA, pending order correction (don’t forget to update the EA). Money Manager Graphic Tool … Read more

Example of SAR Automated – with Advanced Money Management – EA MetaTrader 4

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Example of SAR Automated - with Advanced Money Management - expert for MetaTrader 4
Real author: Mohammad Soubra This is not a profitable EA. This is just a basic/simple example for coders. This example has been built using SAR (Stop And Reverse) indicator. With Advanced Money Management function: //+——————————————————————+ //    expert AdvancedMM function //+——————————————————————+ double AdvancedMM()   {    int i;    double AdvancedMMLots=0;    bool profit1=false;    int SystemHistoryOrders=0;    … Read more

Money Fixed Risk – EA MetaTrader 5

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Money Fixed Risk Inputs
An example for calculating the lot value in accordance with the risk per trade. Update: 28 Dec 2016 -> version 1.001 What’s new: added two methods for outputting (printing) the calculated lot. Method 1 — when setting StopLoss to zero.       //— variant #1: StopLoss=0.0       sl=0.0;       check_open_long_lot=m_money.CheckOpenLong(m_symbol.Ask(),sl);       Print(“sl=0.0”,             ” CheckOpenLong: “,DoubleToString(check_open_long_lot,2),             “, Balance: “,    DoubleToString(m_account.Balance(),2),             “, Equity: … Read more

Position Size Calculator – Based on VP Money Management rules – indicator MetaTrader 4

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Example screen
Version 2.0 Uploaded – Version 1.xx users please update risk % This indicator is based on the Money Management approach used by VP from nononsenseforex.com It uses ATR to calculate Stop Loss, Take Profit and Volume you should enter into a trade based on the percentage of your Equity you want to risk. Inputs Include … Read more

Simple Open Order script with simple money & trade management feature – script MetaTrader 4

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Simple Open Order script with simple money & trade management feature - script for MetaTrader 4
How do traders manage their trades? A common approach is where price reaches profits = the stop loss size, you move the SL to entry price and let the it ride to TP. While this is a good approach, the disadvantage of this comes when price takes you out after you moved your SL to … Read more