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What is Position Sizer?

Position Sizer serves as a sophisticated trading panel advisor that helps users determine the appropriate size of their trades based on their individual risk appetite, stop-loss parameters, and the specific trading instrument in use. With its user-friendly interface and handy keyboard shortcuts, executing trades becomes a seamless process. Compatible with both MetaTrader 4 and MetaTrader 5 platforms, Position Sizer not only facilitates risk assessment but also incorporates margin and swap calculations, along with a straightforward breakeven and trailing stop feature to enhance trading strategies. This comprehensive tool ensures that traders can make informed decisions tailored to their financial goals.

What is EA LAB?

EA LAB, known as MT5 Robot Lab, focuses on developing customizable Expert Advisors (EAs) for MetaTrader 5, offering a diverse collection of trading robots that incorporate various rule-based strategies. Each trading robot features a dedicated product page that outlines the strategy's logic, entry and exit points, filters, risk management techniques, configuration options, installation steps, licensing details, and any applicable limitations. Users can seamlessly install an EA in their MT5 platform, adjust its settings, perform backtesting with the MT5 Strategy Tester, and review sample reports prior to experimenting with configurations on a demo account. Furthermore, EA LAB provides an abundance of educational materials about trading strategies, backtesting practices, optimization methods, and effective risk management approaches. The availability of features, readiness for deployment, accompanying documentation, and pricing may differ based on the specific EA. While EA LAB delivers software solutions and valuable learning resources, it does not provide account management services or guarantee any profits. It is crucial to acknowledge that trading involves significant risks, including the possibility of financial loss, and previous outcomes do not predict future performance. Therefore, users must fully comprehend the risks associated with trading before engaging in such activities, ensuring they are adequately prepared for the challenges ahead.

Media

Media

Integrations Supported

MetaTrader 5
MetaTrader 4

Integrations Supported

MetaTrader 5

API Availability

API Availability

Has API

Pricing Information

$0
Free and open-source
Free Version

Pricing Information

€0
Free MT5 robots are available, and paid robots are priced individually. The Annual Library Pass costs €395.00 for 12 months of access. TradingView and cTrader adaptations cost €24.95 per robot per platform.
Free Version

Supported Platforms

Windows

Supported Platforms

Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Documentation Hub

Company Facts

Organization Name

EarnForex

Date Founded

2005

Company Location

France

Company Website

www.earnforex.com

Company Facts

Organization Name

MT5 Robot Lab

Company Location

Poland

Company Website

ea-lab.dev/

Categories and Features

Forex Robots

Not specified

Categories and Features

Forex Robots

Not specified

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