Forex Rebate Calculator

There are many Forex rebate providers however we recommend using our cashback service, loved by millions of traders. Currency pair – the traded currency pair of your choice. Our Forex Rebate Calculator will calculate for you the amount of profit you can make in cashback from your trading activity with risk management your broker. Update it to the latest version or try another one for a safer, more comfortable and productive trading experience. Fixed a bug with incorrect take-profit value showing up if UseFixedTPDistance was set to true and DefaultTP was zero. Added display of the number of lots to the Risk tab.

Just choose your currency pair and imagine if you’re buying or selling. Once you’ve decided on the open and close price, select the currency in which you’d like to understand your potential profits. Margin trading — also known as buying on margin — is the practice of borrowing money from your broker to open a larger position than you could with your own capital.

Exposure Symbol A – The instrument you’re buying or selling. For forex pairs this is the base currency of the pair. Spread Cost – total costs the trader will pay to the broker, calculated by multiplying instrument spread by trade volume. The calculation outcome will allow you decide if or when to open and or your position, the margin requirement, the spread, swaps and other essential info.

Changed how pip value calculation is done for position size, portfolio risk/reward, margin, and swaps. Margin calculation can still be off with some MT4 brokers. You can use the position size output of this indicator to open trades manually in the same or in some other platform. Additionally, you can use a custom trading script that will open trades based on the calculated position size and with the given entry, SL, and TP levels. Just copy it to /MQL4/Scripts/ (or /MQL5/Scripts/) subfolder of your platform’s data folder.

How do you calculate profit?

Daily swap per lot — daily swap paid or charged by a broker for short positions in account currency per lot. Risk money input — you can set your tolerated risk in account currency units. If you set your risk via Risk percentage input, money risk will be calculated based on that input. 78.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Fixed multiple TP values on the Main tab when UseFixedTPDistance is set to true. Renamed input parameters UseFixedSLDistance and UseFixedTPDistance to SLDistanceInPoints and TPDistanceInPoints for clarity. Added ATRCandle input parameter to control which candle is used for ATR calculation — the current one or the previous one. Fixed portfolio risk calculation by adding existing swap values to it . Fixed a typo in the ScriptTakeProfitsNumber input parameter.

Calculation results

Thus, if you trade the same instrument on different accounts, your potential profit may vary. The Forex calculator will help you compare trading parameters and find the best account for your needs. Input parameters now have priority when changing the settings (color/style/width) of the lines (entry/SL/TP). This fixes a bug that caused lines to remain unaltered when you updated the inputs. If you want to change the lines’ look, please do it via the indicator’s input parameters. Fixed division by zero error when calculating portfolio risk for trades with base currency same as the account currency.

Ask for confirmation — if checked, the script will ask for confirmation before trading. Max spread — the script will not trade if current spread is wider than the value given here. Order commentary — commentary for orders and positions opened using the script. Magic number — Magic number that will be assigned to the orders and positions opened using the script. Long/Short switch — enables you to quickly switch between long and short trade calculation.

Optimized indicator’s performance by making portfolio risk/reward, margin, and swap data recalculate only when the respective tab is selected. Added input parameter to let PSC calculate unadjusted position size. This can be useful if you are calculating in one platform and then executing the trade in another platform. Moving on to the Risk tab of the panel is completely optional and provides information about your current and potential risk and reward. You can control how pending orders and orders without stop-loss/take-profit are treated in this tab.

Forex Community

If your broker offers you leverage, your buying power is increased so you could buy even more of an asset and therefore larger lots. While this can boost your potential profits, your losses are greater too. The Trader’s calculator will help you make the best possible trading decisions before opening positions for the chosen instruments. This is important because different trading parameters can lead to significant changes in spreads, measured in pips, as well as swap long or short, and margin.

• Switching account size from balance to equity or to balance minus portfolio risk can be useful in some cases and is done by a one or two clicks on the respective button.
• This information will help you determine the lot size and leverage so as not to exceed your trading account balance.
• Added optional confirmation for trades executed by PSC-Trader script.
• Please consider our Risk Disclosure.
• Fixed portfolio risk calculation by adding existing swap values to it .

Disable trading when lines are hidden — a simple checkbox to prevent script from opening a position when you have chosen to hide the lines via the Main tab. Entry input — grayed out when Instant order is used, can be used enter entry level when Pending order is set. You can enter a custom leverage to calculate position margin based on it. You can see current and potential risk and reward profile.

Trading Platforms

Risk money — money risk calculated based on the actual position size allowed in your broker’s platform. Risk — percentage risk calculated based on the actual position size allowed in your broker’s platform. Risk input — you can set your tolerated risk in percentage of the account size. If you set your risk via Risk money input, percentage risk will be calculated based on that input. Account size asterisk signals that either custom account balance or additional funds are set via input parameters; the funds were added to the account size value. Calculate your exact profit or loss before entering a position and plan your trading plan accordingly.

The trade direction can also be switched by pressing the Tab key on your keyboard. All calculation parameters can be adjusted inside the panel in one or two mouse clicks. Calculation inputs and results are displayed inside a graphical panel.

Input parameters explanation video

Potential portfolio reward (%) — same as Potential portfolio reward but in percentage to the account size. Current portfolio reward (%) — same as Current portfolio reward but in percentage to the account size. Potential portfolio risk (%) — same as Potential portfolio risk but in percentage to the account size. Current portfolio risk (%) — same as Current portfolio risk but in percentage to the account size.

If in doubt, please contact the Trading Support Desk. E-mail The MT4/MT5 ID and email address provided do not correspond to an XM real trading account. MT4/MT5 ID The MT4/MT5 ID and email address provided do not correspond to an XM real trading account. Our margin calculator helps you calculate the margin needed to open and hold positions. At XM we offer both Micro and Standard Accounts that can match the needs of novice and experienced traders with flexible trading conditions.

The 5 Deadly O’s of Trading: What Traders Do To Guarantee Their Own Failure

Added Long/Short button to the Main tab for quick switch between Long and Short position calculation. Fixed a bug in MT5 version that prevented Entry line from being selected initially when attaching the indicator with EntryType is set to Pending. Multiple TP levels for script are now auto-adjusted for tick size granularity. trader’s way broker introduction Fixed a potential ‘division by zero’ error when ShowAdditionalTPLabel is set to true. Fixed a bug in MT4 that resulted in invalid stop-loss values when SL in pips was used and the chart’s symbol switch occurred. Fixed deletion of extra TP lines when switching to a lower value in the ScriptTakeProfitsNumber input parameter.

Otherwise you might find it difficult to use the calculated value in actual trading orders. On the Forex market, traders have to pay swaps for having overnight positions. The swap amount depends is umarkets forex broker recommended for beginners in trading on differences between rates of emitting Central Banks of base currencies and the instrument quoted prices, and may be either negative or positive. Have a peek at our handy calculator above.

Publicado por Edgar en Forex Trading