Calculate with Excel before placing an order. I created this one to eliminate this hassle
Introduction
Up to last time, we brought you the development journey of automatic support line drawing. From this time, we will share records about the second tool, the Order-Assist EA (One-Click Order).
What Triggered the Development
This EA was born from the developer’s own experience of calculating lot sizes by building formulas in Excel to compute the lot size.
If you input numbers like “what is the stop loss rate” and “what is the entry,” the lot size can be calculated. When placing a limit order, there was time to wait for this calculation before price moves, so orders could be placed with an accurate lot size. However, when entering with a market order, that isn’t the case. There isn’t time to carefully calculate while the market is moving, and in the end, I often ended up placing orders with roughly this much lot size.
The hassle of “calculate in Excel before placing an order” and the discrepancy that “the lot size isn’t accurate only for market orders,” couldn’t be resolved just by chart operations. Thinking this through, I arrived at the form of line operation + one-click order placement.
Something I Built While Addressing These Worries
- Even after the entry price and stop loss price are decided, I end up calculating “how many lots to enter” myself each time
- Even though I’ve set the acceptable loss (in yen or pips), I end up calculating the lot size in my head or with a calculator, wasting time as the market moves
- When switching between market order, limit order, and stop order according to the situation, the order screen operation is cumbersome and lags one beat
【Image: 08_product_banner.jpg to be inserted here (owner will paste manually)】
Next Time Preview
Next time, I’ll talk about how I built this appearance and the development details I’m focusing on during development.