Introduction
Alright, traders and aspiring coders, sit back. Today, we're diving into the nitty-gritty of using the Size calculator by soa. You know, the trading robot that promises to take the guesswork out of position sizing. Of course, I'm skeptical—it’s my job to be. But who knows? Maybe it can surprise me. I'll walk you through how to install, set it up, and make the most out of it. And yes, there are no reviews or ratings yet, so if you feel helpful, leave one.
Installation and Setup
First things first. Here's how to install and configure this thing for maximum efficiency:
- Download the Size calculator by soa: Head over to this link and get the robot from there.
- Install in MT5: Copy the downloaded file into your MT5 'Experts' directory. Usually found at File > Open Data Folder > MQL5 > Experts.
- Restart MT5: After copying, restart your terminal.
- Attach the EA to a Chart: In MT5, go to the Navigator window. Find the Size calculator by soa under Expert Advisors and drag it onto the chart of the asset you want to trade.
- Configure Settings: A setting window will pop up. Adjust parameters like risk percentage, account balance, and leverage according to your risk management framework.
- Enable Algo Trading: Don't forget to enable Algo Trading by clicking the button in the MT5 toolbar. Without this, the robot just sits there, looking pretty.
Experience with Size calculator by soa
Let's cut the fluff. I've used the Size calculator by soa, and here's my take. It's functional. It calculates position sizes based on your predefined risk parameters. Does it always nail it? No. Should you rely on it blindly? Absolutely not.
Here’s a rundown of my experience:
- Calculates position size based on risk, which is handy.
- Can sometimes lag, depending on market volatility (nothing’s perfect).
- Easy to install and configure (even for beginners).
- Limited to MT5 platform.
Tips for Improving Performance
Want to squeeze out a bit more performance? Here are some tips:
- Backtest Rigorously: Always backtest your settings before applying them in a live account.
- Update Regularly: Keep an eye out for updates to the software.
- Combine with Other Indicators: Don’t just rely on size calculations. Use other indicators for confirmations.
- Risk Management: Stick to your risk management rules like glue. The robot only does what you tell it to.
Source Code of Size calculator by soa
We don’t know the original source code of the Size calculator by soa that's sold on MQL5. But hey, if you're interested, we can whip up a code based on the description provided on the MQL5 site. Just ask.
Keep in mind, this code isn’t the official one. The EASY Trading Team isn’t selling the Size calculator by soa. We merely created a version based on its description for educational purposes. Got questions about the code? Go ahead, ask away.
Code:
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Curious to see if this thing can actually help your trades? Click here to download Size calculator by soa. Remember, we provide insights and education, not the actual product. If you find it useful, don't forget to leave a review.