Easy Trade Calculator: User Guidelines

This post is the user guidelines of Easy Trade Calculator for both MT5 & MT4 versions.

OVERVIEW

There are some constraints between risk, stop loss and volume for a safe trade. You need to know and let risk under management before you making a trade.
Easy Trade Calculator helps to simplify calculation of entry/stop slot/take profit levels and lot size, make it more accurate and much quicker than do it manually.

This tool provides a Calculate Panel that allows you to setup:

• Risk in currency value or percent of your account balance/equity/free margin
• Trade direction is buy or sell
• volume in a fixed value or auto-calculated (based on risk and stop loss)
• Entry level using fixed price you intend to entry or use market price with live update
• Stop loss level in absolute value or in points
• Take profit level in absolute value, in points or in risk/reward ratio

Setup factors and calculated data will be displayed in a Visual Panel with additional information:

• Percent of change at SL level and TP level
• Estimated loss/earn if reaching SL level or TP level
• Estimated margin required for the trade

1. Calculate Panel

Calculate panel includes 3 sections: Entry, Stop Loss and Take Profit. There are constrains among fields to auto-calculate entry/stop loss/take profit levels, entry lot size, risk, risk/reward ratio.
The main idea is when updating one or more fields, other factors are auto-calculated to let you know entry/stop loss/take profit levels, lot size, risk and risk/reward ratio.

• Trade Type: Specific that you intent to Buy or Sell
• Lot Type: You want to trade with a fixed lot or auto-calculated it based on Risk and Stop Loss level 
• Lot Size:  Enter lot size you want to buy/sell here
  – Just enabled if “Fixed Lot” is On
  – Formula: lot_size = risk / (stop_loss_points * point_value). point_value depends on symbol
  – Lot size is auto rounded to a valid lot size
  – If updated, these fields will be re-calculated: stop_loss_price, stop_loss_points, take_profit_rr
• Price Type: Entry trade by fixed price or market price (Buy = Market Ask; Sell = Market Bid)
  – If you choose “Fixed Price”, enter price in the next field
  – If you choose “Market Bid/Ask”, you can specific an adjustment number in points for better entry point
  – When you choose “Market Bid/Ask”, Visual Panel will move up/down to reflect market price changes and you are unable to adjust entry point by dragging entry level in Visual Panel
• Entry Price Value: Specific entry price here. Just available with “Fixed Price” option
• Entry Adjust Points: Define an adjustment point number from the market price
  – Just available with “Market Bid/Ask” option
  – Can be a positive or negative number
  – This number will be add directly to market bid/ask price and doesn’t care the entry direction
• Stop Loss Price: Stop Loss level in absolute value
  – I If updated, these fields will be re-calculated: stop_loss_points, take_profit_rr, risk, lot_size
• Stop Loss Points: Stop Loss level in points
  – If updated, these fields will be re-calculated: stop_loss_price, take_profit_rr, risk, lot_size
• Risk Unit: Unit of risk. It can be a fixed amount or percent of your account balance/equity/free margin
• Risk: Define acceptable risk of trade
  – Unit can be absolute amount in account currency (USD, EUR,…) or percent of account balance/equity/free margin
  – Pick risk unit by select from dropdown list above this field
  – Risk can be over account balance if using absolute amount but maximum 100% if using percent of account balance/equity/free margin
  – If updated, these fields will be re-calculated: lot_size, stop_loss_price, risk, take_profit_rr
• Take Profit Price: Take profit level in absolute value
  – If updated, these fields will be re-calculated: take_profit_points, take_profit_rr
• Take Profit Points: Take profit level in points
  – If updated, these fields will be re-calculated: take_profit_price, take_profit_rr
• Take Profit R/R: Specific Risk/Reward ratio of trade
  – Formula: take_profit_rr = take_profit_points / stop_loss_points
  – If updated, these fields will be re-calculated: take_profit_price, take_profit_points

2. Visual Panel

All setup you make in Calculate Panel will be reflected in a Visual Panel to let you have a visualize view of your trade. You also able to drag Entry/SL/TP levels of Visual panel to adjust your trade setup. Everything will be live updated and reflected in Calculate panel.

• Information format of Entry level: Entry Type: Price, Volume | Estimated margin
• Information format of SL level: Price, Volume | TP in points = TP in percent | RR ratio, Estimated profit
• Information format of TP level: Price, Volume | SL in points = SL in percent | Estimated loss

3. Other Helpful Features

Use Save Setting feature to save your setup and alerts for further use

• Click on Save icon in controls bar to open Save dialog
• Enter name you want to use
• Click Confirm to save

3.2 Load Saved Settings

Use Load Saved Settings feature to load setup and alerts you stored

• Click on File Open icon in controls bar to open Load dialog
• Select setting file you stored (if any)
• Click Confirm to load

Note: On load settings dialog, you can click on Cross icon to remove your saved settings file

3.3 Show/Hide Visual panel

• Click on the Show/Hide icon to toggle visibility of the visual panel

3.4 Switch Theme Mode

Click on the Light/Dark mode icon on top-right corner (next to minimize and close icons) to switch to the theme mode you prefer.

Thank you for reading! Be Safe & Happy Trading!