MANY-TO-ONE - FOREX TRADE CALCULATOR

in-depth view for forex tool #12
You are currently viewing the in-depth page for "Many-to-One" forex trading management tool

This is one of the forex trade calculation tools in the kit, it is designed for the situation of overtrading a setup by adding more positions, it can merge these positions into a single imaginary position representing all of the positions, this reveals the real situation of those multiple positions, thus taking the appropriate action becomes easier and based on solid data.

The tool is a different from all the other trading tools in the kit, since it aims to help a forex trader get out of a problematic situation, while all the other tools are designed to help traders get into the market based on thorough planning.

This page will cover everything regarding this tool in details, covering the purpose of the tool, and the tool's contents and structure. All screenshots used will show just the part of the tool being explained, a native screenshot for the tool as a whole can be viewed/saved using the link above.

TOOL'S PUPROSE

When a single forex trade setup is being over traded by adding more positions to it, the trader reaches that point where focus is totally lost and the planned stop loss gets surpassed by far, that is when this tool comes into play.

When such situation happens, this tool can help by merging up to 8 positions into a single imaginary position that translates the true standing of those trades in the form of a single trade, which will greatly help with restoring focus and evaluating the current standing precisely, thus be able to either cut the loss or reduce the total positions based on a more relaxed and reliable decision.

TOOL'S CONTENTS & STRUCTURE

In-depth demonstration for the 4 sections of the tool

This tool consists of 4 main sections, 1: control panel to manage currency preset and forex brokerage account to be used, 2: current positions section where the positions to be merged are entered, 3: output position status section where the collective position is generated and the standing with respect to used forex brokerage account and money management are generated, and 4: money management status section which shows the active checkpoint's status for reference.

1: CONTROL PANEL

"Many-to-One" forex trading management tool in-depth: setting currency preset

setting currency preset

SETTING CURRENCY PRESET

In this part, the currency preset to use for calculations is chosen from the 6 configured presets.

The information panel shows the structure of the chosen preset for reference. Since a single currency preset can be used for many currency pairs sharing the same structure, the currency preset chosen here doesn't have to reflect the actual name of the pair being traded, the actual traded pair's name is set in "Active Trades" tool once the trade is imported there.

"Many-to-One" forex trading management tool in-depth: setting broker preset

setting broker preset

SETTING BROKER PRESET

In this part the forex brokerage account is selected from any of the 6 configured presets. The chosen account will be used for all calculations done by the tool for the collective position.

The information panel for this option shows the total balance in that account, how much is that balance worth compared to trading balance, leverage, margin closout, and available margin. Balance for the selected account can be directly updated in this part, where the new balance will be saved for the selected brokerage account and will be populated to the whole toolkit instantly.

"update rate" option is automatically enabled only if the selected brokerage account's base currency is different from money management currency, which is the case in our example. Entering the exchange rate and clicking update will instantly recalculate the collective position data with respect to trading balance, and the new exchange rate will be saved for that brokerage account's preset.

2: CURRENT POSITIONS

"Many-to-One" forex trading management tool in-depth: positions type and structure

positions type and structure

POSITIONS TYPE AND STRUCTURE

In this part, the position type (long/short) of the positions to be merged is chosen. All positions must share the same direction, hedged positions can't be merged into a single position.

The "EUR placement" option is dynamic and the currency will change according to the base currency of the chosen brokerage account, this allows the tool to calculate pip value and margin details correctly.

When a trader uses multiple forex brokerage accounts then most likely the reason is to use an account with a base currency matching either the base or quote of the traded pair, which is the case in our example where the traded pair contains USD, the same currency of the chosen brokerage account. However, in case of having a single brokerage account and wanting to trade a currency pair where both its base and quote currencies are different from the brokerage account base currency, option "xxx/yyy" can be selected and the structure and exchange rates for both of the pair's base/quote are entered with respect to the brokerage account currency.

The information panel will display information and error messages that might occur while entering base/quote exchange rates.

"Many-to-One" forex trading management tool in-depth: positions rates and sizes

positions rates and sizes

POSITIONS RATES AND SIZES

In this part, rate and size for each position are entered. Total count of position to be merged can be anywhere from 2, up to 8 positions.

3: OUTPUT POSITION STATUS

"Many-to-One" forex trading management tool in-depth: collective position

collective position

COLLECTIVE POSITION

This part shows the collective position rate and size that transaltes the standing for all the merged positions, as well as the pip value and margin details.

  • Rate: rate of the collective position, rounded to the currency preset pip structure.
  • Position size: size of the collective position.
  • ~Pip value: pip value of the collective positions.
  • Margin requirement: margin used for all the positions.
  • Margin remaining: margin remaining after subtracting the required margin.
  • Margin CO (~pips) pip length to margin closeout rate (approximate), measured from the collective rate.
  • Margin CO (~rate) margin closeout rate (approximate), measured from the collective rate.

The information panel will display the exact rate for the collective position using 14 decimal points.

"Many-to-One" forex trading management tool in-depth: current status

current status

CURRENT STATUS

In this part, the current rate for the traded forex pair is entered, to get the actual current standing from both the chosen brokerage account and money managmenet point of views.

  • Status: current status of the collective position (winning/loosing).
  • Win/Loss perc: percentage of win or loss, from brokerage account and money management point of views.
  • Win/Loss cash: cash win or loss, from brokerage account and money management point of views.
  • Win/Loss pips: pip length from collective position to current pair's rate.
  • Pips to closeout: pip length from current pair's rate to margin closeout.

4: MONEY MANAGEMENT STATUS

"Many-to-One" forex trading management tool in-depth: Active checkpoint's data and thresholds

checkpoint's data and thresholds

CHECKPOINT'S DATA & THRESHOLDS

This part shows the data recieved from the money management tool "Checkpoints" when a new checkpoint is opened, all the values here never change starting from the moment a new checkpoint is opened till it is closed.

  • Trading balance: balance at the active checkpoint's opening.
  • Risk%: risk percentage with respect to trading balance.
  • Cash at risk: risked cash for the active checkpoint.
  • Profit %: target profit percentage with respect to trading balance.
  • Target profit: target profit for the active checkpoint.
  • Reward:Risk: default R:R ratio used by the trading tools.
"Many-to-One" forex trading management tool in-depth: Active checkpoint's standing

checkpoint's standing

CHECKPOINT'S STANDING

This part shows the current checkpoint's standing according to both closed & active trades, as well as remaining risk that can be used for more trades.

  • Closed: output of all closed trades during the active checkpoint.
  • Active risk: total risk for all the current active trades.
  • Collective: total output of both closed & actived trades.
  • Checkpoint output: status and percentage of closed trades, with respect to the checkpoint's opening balance.
  • Safe to risk: remaining risk that can be used for trading.
"Many-to-One" forex trading management tool in-depth: Breakeven line and target curve chart

breakeven and target chart

BREAKEVEN & TARGET CHART

This chart shows the most recent 9 checkpoints closures, plotted with both the breakeven line and target curve for the current money management plan, giving a visual representation for recent performance with respect to the current trading cycle target.