Position Size Indicator For MT5

The Position Size indicator for Metatrader 5 calculates profit targets and stop losses based on the Average True range indicator and your account balance.

It displays all relevant information in a handy dashboard format in the upper right hand side of the screen.

The following indicator inputs and parameters can be modified: ATR period, risk %, stop loss as a factor of ATR, take profit as a factor of ATR, font size, corner, color, fixed ATR points, background object, highlight to move, hidden in the object list.

Make yourself familiar with this technical indicator and test it first on a demo account.

It supports all time frames and Forex pairs.

Download Indicator 🆓

pos_size.mq5 Indicator (MT5)

Chart Example

The following chart shows how the Position Size Forex indicator looks like when applied to the MT5 chart.

How To Buy And Sell Forex Pairs With The Position Size Indicator?

The indicator does not provide any trading signals.

Please combine with other technical indicators or with an existing trading system of your preference.

Download Now 🆓

pos_size.mq5 Indicator (MT5)

Frequently Asked Questions

How Do I Install This Custom Indicator On Metatrader 5?

  • Open the MT5 trading platform
  • Click on the File menu button located at the top left part of the platform
  • Click on Open Data Folder > MQL5 folder > Indicators
  • Copy the pos_size.mq5 indicator file in the Indicators folder
  • Close and restart the trading platform
  • You will find the indicator here (Navigator window > Indicators)
  • Drag the indicator to the chart to get started with it!

How Do I Edit This Indicator?

  • Click in the open chart with your right mouse button
  • In the dropdown menu, click on Indicator List
  • Select the indicator and click on properties
  • Now you can edit the inputs, colors, levels, scale and visualization
  • Finally click the OK button to save the new configuration