According to a poll from 2013, only 16% of this blog’s readers preferred to use the Position Size Calculator for MetaTrader as their choice position sizing tool, while two thirds opted for a simple web version calculator instead. As it has been a month since the graphical panel version of the PSC was released, it is now time to measure the popularity of different calculators again.
Legacy Position Size Calculator is an old school indicator for MT4 and MT5. You set all the settings via input parameters — with the exception of the entry/SL/TP lines, which can be moved on chart. It outputs all the calculated results directly to the chart. It does a lot of things in automation compared to the online calculator and has some extra features (risk and margin calculation), but is still quite unwieldy.
I personally, prefer to use the panel version in my own trading. Still, I would like to hear opinions of all the blog’s readers, especially those who prefer older version of the indicator or the web version of the calculator.
If you want to share some details about the tools you use to calculate position size for your trades, please feel free to do so using the commentary form below.