need a free indicator that can calculate the lot size based on given percentage

sd2000sd
219

Hi

I need an indicator that can calc the lot size based on given percentage.

anyone has any scripts to give?

it must consider the equity and also leverage for that calculation.

William Roeder
25836
William Roeder  
  1. Leverage is irrelevant. It only determines FreeMargin.
  2. You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
  3. Account Balance * percent = RISK = (OrderOpenPrice - OrderStopLoss)*DIR * OrderLots * DeltaPerlot (Note OOP-OSL includes the SPREAD)
  4. Do NOT use TickValue by itself - DeltaPerlot
  5. You must also check FreeMargin to avoid stop out
sd2000sd
219
sd2000sd  
WHRoeder:
  1. Leverage is irrelevant. It only determines FreeMargin.
  2. You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
  3. Account Balance * percent = RISK = (OrderOpenPrice - OrderStopLoss)*DIR * OrderLots * DeltaPerlot (Note OOP-OSL includes the SPREAD)
  4. Do NOT use TickValue by itself - DeltaPerlot
  5. You must also check FreeMargin to avoid stop out


what does DIR stand for?
William Roeder
25836
William Roeder  
sam2014: what does DIR stand for?
DIRection. +1 Buy