Forexizer: Fast Position Size Calculator
Ongoing
#mobile
#forex
#risk-management
#calculator
#react-native
Links
Technologies
React Native Expo Node.js Express RevenueCat MongoDB Railway
๐ฏ Problem & Solution
The Challenge
For funded traders managing multiple accounts, calculating position sizes across different asset classes is time-consuming and error-prone. Traditional methods require manual calculations for each account, leading to:
- Time wasted on repetitive calculations
- Risk of human error in position sizing
- Difficulty managing multiple account specifications like contract sizes
- Inefficient workflow during fast market conditions
Our Solution
Forexizer eliminates these pain points with an intuitive mobile interface that:
- Stores contract specifications for all your accounts in one place
- Calculates position sizes instantly across all supported asset classes
- Supports multiple account types with different risk parameters
- Provides instant results during live trading conditions
๐ Key Features
Core Functionality
- Multi-Asset Support: Forex pairs, Indices, Commodities, and Cryptocurrencies
- Multiple Account Management: Store and switch between different funded accounts
- Instant Calculations: Real-time position sizing based on risk parameters
- Contract Size Storage: Save and retrieve contract specifications for all instruments
- Risk Percentage Trading: Calculate positions based on account balance and risk tolerance
Advanced Features
- Currency Conversion: Automatic conversion between different account currencies
- Pip Value Calculation: Built-in pip value calculator for precise risk management
- History Tracking: Keep track of your position sizing calculations
- Customizable Parameters: Adjust risk percentages, stop losses, and account details
- Quick Access: Favorite instruments for rapid calculations during trading
๐ Technical Implementation
Mobile Development Stack
- React Native: Cross-platform mobile development for iOS and Android
- Expo: Streamlined development and deployment workflow
- React Navigation: Smooth in-app navigation and user flows
Backend Infrastructure
- Node.js: Server-side JavaScript runtime for API services
- Express.js: RESTful API for data synchronization and user management
- MongoDB: NoSQL database for flexible data storage
- Railway: Cloud deployment platform for scalable hosting
Monetization & Analytics
- RevenueCat: Subscription management and in-app purchases
- Apple App Store: iOS distribution and payment processing
- Google Play Store: Android distribution and payment processing
๐ User Metrics
Adoption
- Hundreds of active users across iOS and Android platforms
- Tens of paying subscribers with premium feature access
๐ฎ Development Roadmap
Planned Enhancements
- Secondary Risk Parameter for accounts
- Account sync with new or secondary device