Trade Calculator For All Open Trades To Reach Breakeven [Request]
Aug 19, 2016 at 06:54
1,504 Visa
7 Replies
Medlem sedan Mar 01, 2013
582 inlägg
Aug 19, 2016 at 06:54
Hi everyone,
I am looking for a trade calculator to calculate the exact price which all my trades will be in breakeven. I hedge with the same pair many times, so I need to know at which price my trades are in breakeven. e.g. I have multiple 0.01 lot EUR/USD BUY and multiple 0.02 lot SELL positions, so I want to know at which price will I be at breakeven.
There will also be an input of the spreads which I can enter to be included in the calculation.
There will also be an input of the different pair so the calculator knows which $/pip rate to use.
There will also be an input on how many pips in profit I want from all this trades I am in and display how much money I will profit.
e.g. I have more SELL positions and I will breakeven at 1.1340, what if I want to close all positions at 1.1330, I want the calculator to show me how much profit I will gain if I set the take profit at 1.1330
Additional:
The calculator can help to set the T/P and S/L for all my position automatically. As I hedge with the same pair, I will need to close the bigger SELL lots with T/P and smaller BUY lots with S/L to gain an overall profit.
I hope that this is clear, I will draw an example using excel and post here as soon I can. I appreciate those who reads this and helps out.
Please ask any questions if you are unclear.
I am looking for a trade calculator to calculate the exact price which all my trades will be in breakeven. I hedge with the same pair many times, so I need to know at which price my trades are in breakeven. e.g. I have multiple 0.01 lot EUR/USD BUY and multiple 0.02 lot SELL positions, so I want to know at which price will I be at breakeven.
There will also be an input of the spreads which I can enter to be included in the calculation.
There will also be an input of the different pair so the calculator knows which $/pip rate to use.
There will also be an input on how many pips in profit I want from all this trades I am in and display how much money I will profit.
e.g. I have more SELL positions and I will breakeven at 1.1340, what if I want to close all positions at 1.1330, I want the calculator to show me how much profit I will gain if I set the take profit at 1.1330
Additional:
The calculator can help to set the T/P and S/L for all my position automatically. As I hedge with the same pair, I will need to close the bigger SELL lots with T/P and smaller BUY lots with S/L to gain an overall profit.
I hope that this is clear, I will draw an example using excel and post here as soon I can. I appreciate those who reads this and helps out.
Please ask any questions if you are unclear.
Never Give Up or Give In To The Market
forex_trader_25447
Medlem sedan Dec 21, 2010
131 inlägg
Aug 19, 2016 at 10:46
(redigerad Aug 19, 2016 at 10:49)
watchme posted:This is one of the ability of Myfxbook : 'Trafing activity' -> 'Exposure'
I am looking for a trade calculator to calculate the exact price which all my trades will be in breakeven. I hedge with the same pair many times, so I need to know at which price my trades are in breakeven. e.g. I have multiple 0.01 lot EUR/USD BUY and multiple 0.02 lot SELL positions, so I want to know at which price will I be at breakeven.
You will see Breakeven price as 'OpenPrice'
Medlem sedan Mar 01, 2013
582 inlägg
Aug 21, 2016 at 06:23
Some progress: (Look at pic)
I still have to manually enter the 'Current Price' to get the break even point.
This is only for EUR/USD as other pair have different $/pip value.
Lastly, I have to go back to the MT4 platform to set the T/P & S/L manually.
Additionally, this would be perfect for FIXED SPREAD accounts.
That's all for now.
[url=https://postimg.org/image/3n7jthdp5/][img]https://s4.postimg.org/x2d82hi8t/Hedge_Calculator.png[/img][/url]
I still have to manually enter the 'Current Price' to get the break even point.
This is only for EUR/USD as other pair have different $/pip value.
Lastly, I have to go back to the MT4 platform to set the T/P & S/L manually.
Additionally, this would be perfect for FIXED SPREAD accounts.
That's all for now.
[url=https://postimg.org/image/3n7jthdp5/][img]https://s4.postimg.org/x2d82hi8t/Hedge_Calculator.png[/img][/url]
Never Give Up or Give In To The Market
Medlem sedan Mar 01, 2013
582 inlägg
Aug 21, 2016 at 06:23
Never Give Up or Give In To The Market
Medlem sedan Mar 01, 2013
582 inlägg
Aug 21, 2016 at 06:23
StoneHeart posted:watchme posted:This is one of the ability of Myfxbook : 'Trafing activity' -> 'Exposure'
I am looking for a trade calculator to calculate the exact price which all my trades will be in breakeven. I hedge with the same pair many times, so I need to know at which price my trades are in breakeven. e.g. I have multiple 0.01 lot EUR/USD BUY and multiple 0.02 lot SELL positions, so I want to know at which price will I be at breakeven.
You will see Breakeven price as 'OpenPrice'
You have a link?
Never Give Up or Give In To The Market
Medlem sedan Mar 01, 2013
582 inlägg
Aug 23, 2016 at 05:49
I've tested both indicator by redrhino and goopfx, I'll post pics next time.
Redrhino, nice clean indicator, what I like best, it shows the pips to hold, or how many more pips before my account reach margin call, mine was 14,000 pips, lol.
The breakeven level calculated was wrong, the line was grey and abit too thick for me, no modification allowed on this.
goop, it was minimalist. very simple indicator on the top right hand side, but again, the calculation was wrong, i think it calculated all open orders, not just the pair i placed it on the chart, and net lots calculated was also wrong. it was 0.04 but the indicator showed 0.12, anyway, lastly, after remove the indicator i had to also remove the 'object'.
futurespec, I also tried your, maybe I do not know how to use the settings. :P
I changed the font colour to white but only see the pairs and no info after that.
I'm using 5 digit broker, and also, i appreciate all the help. I am currently using the 'average price v 3' indicator by Joca, you can google it, should find it. thanks guys. this indicator was by PM from myfxbook, i appreciate it!
Redrhino, nice clean indicator, what I like best, it shows the pips to hold, or how many more pips before my account reach margin call, mine was 14,000 pips, lol.
The breakeven level calculated was wrong, the line was grey and abit too thick for me, no modification allowed on this.
goop, it was minimalist. very simple indicator on the top right hand side, but again, the calculation was wrong, i think it calculated all open orders, not just the pair i placed it on the chart, and net lots calculated was also wrong. it was 0.04 but the indicator showed 0.12, anyway, lastly, after remove the indicator i had to also remove the 'object'.
futurespec, I also tried your, maybe I do not know how to use the settings. :P
I changed the font colour to white but only see the pairs and no info after that.
I'm using 5 digit broker, and also, i appreciate all the help. I am currently using the 'average price v 3' indicator by Joca, you can google it, should find it. thanks guys. this indicator was by PM from myfxbook, i appreciate it!
Never Give Up or Give In To The Market
Medlem sedan Mar 01, 2013
582 inlägg
Sep 01, 2016 at 13:57
Hey guys, this is the indicator right now.
It gives me a line (i changed it manually to aqua colour), then reduced it's width to 1, then... on the picture... the break even price, then the distance in pips, then the current amount in profit/loss for that particular pair, the net lots opened, then finally the number of order for that particular pair.
personally, I think it's too much info, but it's very good anyway, I emailed 'thanks' to the creator of the indicator, and he/she responded.
thank you for the person on myfx
It gives me a line (i changed it manually to aqua colour), then reduced it's width to 1, then... on the picture... the break even price, then the distance in pips, then the current amount in profit/loss for that particular pair, the net lots opened, then finally the number of order for that particular pair.
personally, I think it's too much info, but it's very good anyway, I emailed 'thanks' to the creator of the indicator, and he/she responded.
thank you for the person on myfx
Bilagor:
Never Give Up or Give In To The Market
Dec 26, 2020 at 21:49
StoneHeart posted:watchme posted:This is one of the ability of Myfxbook : 'Trafing activity' -> 'Exposure'
I am looking for a trade calculator to calculate the exact price which all my trades will be in breakeven. I hedge with the same pair many times, so I need to know at which price my trades are in breakeven. e.g. I have multiple 0.01 lot EUR/USD BUY and multiple 0.02 lot SELL positions, so I want to know at which price will I be at breakeven.
You will see Breakeven price as 'OpenPrice'
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