EarnForex / PositionSizer

Calculate your position size based on the risk and account size and execute your trades with this free MetaTrader expert advisor.

Home Page:https://www.earnforex.com/metatrader-expert-advisors/Position-Sizer/

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Something wrong when calculator lot size with commision

henzycuong1 opened this issue · comments

commented

Today, I entered a short position on XAUUSD. I have set up like image
image
and that position hit stop-loss.
image
But I realize, the sum of profit and commision is 6.74, which means 3.26$ be missed to calculator lot size

That's because you entered the round-turn commission ($16.00 per lot) instead of the one-way ($8.00 per lot).

commented

That's because you entered the round-turn commission ($16.00 per lot) instead of the one-way ($8.00 per lot).

what is that mean ? sorry, I don't understand that. My broker got $16.00 per lot XAUUSD, and I set "Commision (one-way) per lot" is $16 but you said it's "round-turn". How can I switch it ?

Your broker has $16.00 round-turn commission, which means that they take $8.00 when you open the trade and then $8.00 when you close it. The Position Sizer's commission field expects the size of your one-way commission as an input (which is $8.00 in your case). So, you just enter 8.00 there.

commented

Your broker has $16.00 round-turn commission, which means that they take $8.00 when you open the trade and then $8.00 when you close it. The Position Sizer's commission field expects the size of your one-way commission as an input (which is $8.00 in your case). So, you just enter 8.00 there.

thank you so much