OPEN-SOURCE SCRIPT
Position Sizing Calculator [racer8]
Brief Description:
This indicator calculates your position size. It adjusts to the ATR & the maximum amount of risk (% of equity) you can tolerate.
Thus, it allows you to control your risk & adapt to market volatility.
Recommended settings for parameters:
Converted Capital ***Make sure you convert your capital's currency to whatever currency/instrument you are trading. (Use Google)
Percent Risk = 1 to 3
ATR SL Multiplier = 1 to 2
ATR Period = 7 to 14
How it's calculated:
Risk amount = Converted Capital * ( Percent Risk / 100 )
Stop Loss = ATR * (ATR SL Multiplier)
# of Units = Risk amount / Stop loss
Hit the like button & enjoy!
This indicator calculates your position size. It adjusts to the ATR & the maximum amount of risk (% of equity) you can tolerate.
Thus, it allows you to control your risk & adapt to market volatility.
Recommended settings for parameters:
Converted Capital ***Make sure you convert your capital's currency to whatever currency/instrument you are trading. (Use Google)
Percent Risk = 1 to 3
ATR SL Multiplier = 1 to 2
ATR Period = 7 to 14
How it's calculated:
Risk amount = Converted Capital * ( Percent Risk / 100 )
Stop Loss = ATR * (ATR SL Multiplier)
# of Units = Risk amount / Stop loss
Hit the like button & enjoy!
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Clause de non-responsabilité
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