Mercurial Position Sizing EA helps you do accurate position sizing to always risk the % amount of your account that you wish to risk per each trade. It works on any timeframe and symbol.
Simply load it on the chart and it will show SL and TP lines that you can drag to desired levels, showing the Lot size and USD amount information as you drag them.
You set the risk % in the EA settings so it calculates the position sizing in real time, helping you stick to solid risk management rule with every position you trade.
It also lets you plan pending orders such as Buy Stop, Sell Limit, Buy Limit and Sell Stop orders by dragging the virtual entry price on the chart.
1. Pending orders mode comes activated by default. When it is active, the Pending orders button is blue and a blue line for the entry price is also visible on the chart. This means that you can plan positions above or below the current price and set TP and SL as you see fit, then click Buy or Sell to initiate the pending trade.
2. To switch to market orders, click the Pending orders button. When this is disabled, the Pending orders button is red and the blue line on the chart no longer visible. This means that you can set the position size as you see fit and then click Buy or Sell to initiate the trade.
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3. Once the position is initiated, the EA will display position stats like Profit or Drawdown in $ and points onto the chart. The color of the stats will be red when in profit and red when in drawdown.
For any questions i will always be around to offer support.
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