Forex Trade Calculator is a software for measuring real-time profit/loss of open positions and the same after partial closing or reversing positions. It comes with an economical calendar alert to notify users of important news events.
Forex Trade Calculator is an extremely useful tool designed to assist traders in calculating current profit/loss of open positions with the help of real-time quotes. It also helps them calculate profit/loss after "partial closing" or "reversing" positions. The economical calendar alert feature gives warnings about important news in real-time. This allows traders to stay informed and make informed decisions in a volatile market.
The important news events are shown by yellow labels on the alert panel (blue strip). In the fifteen minutes before the event, the alert panel changes color to the "blinked red" mode. This feature is particularly useful in helping traders stay alert and prepared for market fluctuations.
Using Forex Trade Calculator is a breeze. To use the application one simply has to select the instrument (EUR / USD etc) from the dropdown list, after which they are required to input the current lot value and opening price value in the first row. The profit and PPS are automatically calculated using real-time quotes.
For calculating a new position, one has to input additional Lot value in the second row. If you buy additional lot it must be a positive value, else a negative value. The data in the new row (Lot, Profit, PPS, Opening price) will be calculated automatically. In order to use the new data as current, one simply has to press the Y button on top of the form.
The software also provides a number of additional features including a news table that shows the economic calendar. The economic calendar is a weekly publication of the essential economic events. Important news (red color rows) is marked automatically and shows in the alert panel on the form. Additionally, traders can mark/unmark additional events manually. There are also real-time charts and real-time quotes tables in the software.
Overall, Forex Trade Calculator is an highly essential software tool for traders who want to stay informed and make wise decisions in the forex market. The user-friendly interface and the real-time data make it an indispensable tool for experienced traders as well as beginners.
The important news events are shown by yellow labels on the alert panel (blue strip). In the fifteen minutes before the event, the alert panel changes color to the "blinked red" mode. This feature is particularly useful in helping traders stay alert and prepared for market fluctuations.
Using Forex Trade Calculator is a breeze. To use the application one simply has to select the instrument (EUR / USD etc) from the dropdown list, after which they are required to input the current lot value and opening price value in the first row. The profit and PPS are automatically calculated using real-time quotes.
For calculating a new position, one has to input additional Lot value in the second row. If you buy additional lot it must be a positive value, else a negative value. The data in the new row (Lot, Profit, PPS, Opening price) will be calculated automatically. In order to use the new data as current, one simply has to press the Y button on top of the form.
The software also provides a number of additional features including a news table that shows the economic calendar. The economic calendar is a weekly publication of the essential economic events. Important news (red color rows) is marked automatically and shows in the alert panel on the form. Additionally, traders can mark/unmark additional events manually. There are also real-time charts and real-time quotes tables in the software.
Overall, Forex Trade Calculator is an highly essential software tool for traders who want to stay informed and make wise decisions in the forex market. The user-friendly interface and the real-time data make it an indispensable tool for experienced traders as well as beginners.
What's New
Version 1.47:
v.1.47 28 Apr 2010
-! fixed economic calendar.
Version 1.46:
v.1.46 08 Dec 2009
-! fixed quotes source.
Version 1.40:
v.1.40
+ multiply currency panels
v.1.30
+ economic calendar/alerts