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Forexizer: Fast Position Size Calculator

Forexizer: Fast Position Size Calculator

Ongoing
#mobile #forex #risk-management #calculator #react-native

Links

Technologies

React Native Expo Node.js Express RevenueCat MongoDB Railway

๐ŸŽฏ 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

๐Ÿš€ 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

๐Ÿ›  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

๐Ÿ“Š User Metrics

Adoption

  • Hundreds of active users across iOS and Android platforms
  • Tens of paying subscribers with premium feature access

๐Ÿ”ฎ Development Roadmap

Planned Enhancements

  • Secondary Risk Parameter for accounts
  • Account sync with new or secondary device