Hello,
Here’s a little ‘gift’ for anyone interested (that trades CFDs anyway or Gold or Silver).
I just got sick and tired of using Excel or a calculator to determine position sizing so I wrote this little utility for myself to make my life a bit easier. There are LOADS of online (and offline) FOREX position size calculators around (here’s quite a nice one that I found: Forex Position Size Calculator and, of course, BabyPips has it’s own) but I couldn’t find anything ‘decent’ for CFDs or equity futures and commodities.
It’s a MS-DOS application (when ‘the mood takes me’ I’ll convert it to Windows but for now I couldn’t be bothered to design dialog boxes and include all the other ‘bells and whistles’ that go with a Windows application).
Anyway: take a look and test it out. It works for me!!!
Note that it will ONLY work for USD denominated trading accounts.
Also: the only currencies that can be input into the ‘CFD Price Quote Currency’ field (at present anyway because it’s all I need at the moment) are AUD, CAD, CHF, EUR, GBP, HKD, JPY, SEK, and, of course USD.
As for using it: I reckon it’s pretty much self explanatory.
One note: input fields ‘Broker Tick Value’ and ‘Broker Tick Size’ refer to just that i.e. the BROKER’S Tick Values and Tick Sizes i.e. more often than not these are different from the Tick Sizes and Tick Value determined by the exchanges (but this makes no difference as my trading system indicators and code address these differences).
To ‘install’ it: simply download the attached WinZip Archive, extract the file to whatever folder you wish, and create a Desktop Shortcut for it. Feel free to play around with the MS-DOS fonts and font sizes if you like (which you can change, if you didn’t know this, by modifying the properties of the shortcut).
To exit the app just press ‘Esc’ at any time.
Have fun.
Any comments or suggestions for improvements would be welcome (one I can already think of is AUTOMATICALLY getting the current FOREX rate from some or the other data feed which I’ll only be able to do with Windows but, for now, simply pressing ‘Alt-Tab’ between the app and the trading platform to get a FOREX quote is really no ‘biggy’).
Regards,
Dale.
TTCPCALC.zip (129 KB)