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

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sd2000sd
212
sd2000sd  

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.

whroeder1
15573
whroeder1  
  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 You place the stop where it needs to be - where the reason for the trade is no longer valid.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
212
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 You place the stop where it needs to be - where the reason for the trade is no longer valid.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?
whroeder1
15573
whroeder1  
sam2014: what does DIR stand for?
DIRection. +1 Buy
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