Panel MyPosition

Buy MyPosition trading application in the store of automated robot systems

Introduction

Trad­ing oppor­tu­ni­ties often come quick­ly and almost always require a swift and pre­cise trade exe­cu­tion. This is where the high­ly visu­al Ëœmy­Po­si­tionâ„¢ tool comes in. Just drag your stop and entry to your set­up and your posi­tion size and tar­get are imme­di­ate­ly tak­en care of.

No Ëœhotkeysâ„¢ or over­whelm­ing order win­dows, Ëœmy­Po­si­tionâ„¢ intu­itive­ly always waits on the right edge just near cur­rent price ready to be used.

Posi­tion size is cal­cu­lat­ed based on your cus­tomized set­tings. You can choose one or two tar­gets, risk a per­cent­age or fixed amount and it works on any cur­ren­cy or instru­ment.

Ëœmy­Po­si­tionâ„¢ instant­ly adapts and har­mo­nious­ly alters your Stop, Entry, Tar­get and Posi­tion Size in rela­tion­ship to one anoth­er while you plan your trade by mov­ing Ëœmy­Po­si­tionâ„¢ on the chart. Nev­er before have you been able to see your set-up with such trans­paren­cy. It reduces stress and ends all errors caused by tedious time con­sum­ing man­u­al tasks to almost ZERO and makes plan­ning the next trade FUN.

Ëœmy­Po­si­tionâ„¢ tool works as a stand­alone prod­uct, high­ly cus­tomiz­able to your trad­ing needs, from scalp­ing to posi­tion­al trad­ing, on any time frame. Option­al­ly you can add ËœmyEn­tryâ„¢ for a com­plete trade entry sys­tem.

Features

  • All lev­els graph­i­cal­ly shown on chart.
  • Exe­cutes 1 or 2 part posi­tions.
  • Cal­cu­lates posi­tion size based on: (a) fixed amount (b) per­cent­age risk of account bal­ance, equi­ty or free mar­gin.
  • Cus­tomiz­able Risk to Reward.
  • Auto­mat­i­cal­ly draws the Target(s).
  • Does NOT neglect the spread:
    • Cal­cu­lates the TRUE Risk to Reward by includ­ing the spread.
    • Draws the CORRECT Bid and Ask price on the chart through Yel­low BID line and Red dot­ted ASK line.
    • Intel­li­gent­ly alters for Buys and Sells.
  • Cus­tomize Ëœbufferâ„¢ pips for your entry and stop beyond a can­dle or price pat­tern.
  • Suit­able for every trad­er on any time­frame.
  • Can be used for Stop and Lim­it Orders.
  • Can be tri­aled in Strat­e­gy Tester for free.

Instructions

  • Drag stop and entry rough­ly to your set up.
  • Click ADJUST but­ton, size, entry and exits are pre­cise­ly tak­en care of.

Parameters

The para­me­ters for myPo­si­tion are easy to use and the default para­me­ters are set up for the fol­low­ing:

Risk a total of 2% of your account bal­ance per trade with a two part posi­tion, tar­get­ing a min­i­mum of 1:1 for posi­tion 1 and 2:1 for posi­tion 2.

(Defaults in brack­ets)

  • Risk (2.0)”The per­cent­age you want to risk, or a fixed mon­ey amount, eg 2% of account bal­ance per trade or $100 per trade.
  • RiskMethod (1)”1 = per­cent­age of your bal­ance, 2 = fixed amount.
  • Account­SizeMethod (1)”Decides if it per­cent­age risked applies to 1 = Account Bal­ance, 2 = Account Equi­ty, 3 = Free Mar­gin. This para­me­ter is ignored if risk­ing fixed amount of mon­ey.
  • Target1RR (1.0)”The amount of prof­it in rela­tion to risk. Eg 1:1 tar­get set to 1.0, 2:1 tar­get set to 2.0 etc.
  • Target2RR (2.0)”Same, but set­ting tar­get for your sec­ond posi­tion. If only trad­ing one part posi­tion set this to 0.
  • Entry­Buffer (0)”Number of POINTS your entry lev­el will be adjust­ed to beyond a can­dle or pat­tern after you click ADJUST in Ëœmy­Po­si­tionâ„¢. If your bro­ker uses 5 dig­its 10 points will be 1 pip.
  • Stop­Buffer (20)”Number of POINTS your stop lev­el will be locat­ed behind a can­dle or pat­tern after you click ADJUST. 20 POINTS will be 2 pips if prices show 5 dig­its.
  • Show­Price (true)”Displays entry, stop and exit price on chart.
  • ShowAsk (true)”Displays the ASK price lev­el as red dot­ted line, indi­cat­ing where to put your orders to accom­mo­date for spread.
  • Show­Com­ment (true)”Trade para­me­ters are shown on top of chart.
  • Floating_Offset (20)”Space between cur­rent can­dle and float­ing tool to the right.

NOTE: If you pre­fer to not include the spread into your order man­age­ment, you need to select Ëœfalseâ„¢ on both ËœAd­jus­tRisk­For­Spreadâ„¢ and ËœAd­jus­tRe­ward­For­Spreadâ„¢. Not rec­om­mend­ed.

MyPosition 

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