Track Portfolio Risk with Position Size Calculator

You can now track your whole portfolio risk with the Position Size Calculator indicator for MetaTrader. The indicator now calculates the potential loss of all the open positions and pending orders across the account and shows it to the trader.
Traders can control whether to count pending orders or not and whether to count orders and positions without stop-loss or not. Four values are calculated: current portfolio risk in account’s currency, the same value as percentage of balance or equity, potential portfolio risk in account’s currency (existing risk plus the risk of the trade suggested by Position Size Calculator), and the same value as percentage of balance/equity.
When no stop-loss is entered for a sell order/position and the Calculator is set to count no-stop-loss orders, the potential loss is infinite. It is displayed as a special case. Unfortunately, the indicator cannot account for hedging orders.

Of course, the new feature can be easily turned off via indicator’s input parameters.
If you prefer not to use MetaTrader, you can still use the web version of the position size calculator. Unfortunately, it is not as good as the MetaTrader one.

If you have any suggestions or wish to report a bug for this MetaTrader indicator, please do so using the commentary form below.

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