The POS Size Indicator is a useful and popular free Forex indicator for the MT4 platform. It helps traders to calculate the size of their positions in real-time and can be used to protect against potential losses. The indicator works by calculating the size of the position based on the risk and reward ratio, the current market price, the stop loss and take profit levels, and the amount of capital that the trader has available to trade with. It then displays the size of the position on the chart, allowing the trader to make more informed decisions when entering and exiting trades. The POS Size Indicator is an easy to use and understand tool that can help traders to better manage their risk and maximize their profits. It is especially useful for traders who are new to the Forex market and need help calculating the size of their positions. The indicator can also be used to set stop loss and take profit levels, as well as to identify potential entry and exit points. It is an essential tool for any serious Forex trader and can be used to improve trading performance.
MT4
POS Size
The Pos Size Indicator for MT4 is a useful and popular free Forex indicator that helps traders determine their position size for each trade. It also allows traders to customize the risk percentage, leverage, and account currency. The indicator is easy to use and can be quickly set up on the MT4 platform. The Pos Size Indicator is a popular and free tool for any trader looking to maximize their trading profits.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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