Indicators: Position Risk Calculation Tool
Thank you , always been something I have trouble estimating along with percentages
I felt the codebase needed something like this, as it's not a "friendly" thing to calculate manually considering that tick values vary between different symbols and different brokers
This should help manual traders who want to use a manual lot size
What leverage do you recommend for this indicator
Auto-translation applied by moderator. On the English forum, please write in English. Either use the automatic translation tool, or post in one of the other language forums.
What leverage do you recommend for this indicator
Auto-translation applied by moderator. On the English forum, please write in English. Either use the automatic translation tool, or post in one of the other language forums.
It's a calculator tool, therefore the leverage does not matter. The lot size is written in the input.
If you want a tool that calculates the max available lot size based on leverage, it is something else, and that is available.
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Position Risk Calculation Tool:
An indicator that dynamically calculates risk (in percentages and money) based on the lot size and stop loss
Author: Conor Mcnamara