Position Size Calculator for Contract

3 de jul.

Description:

Position Size Calculator is a versatile Pine Script tool designed to help traders manage their risk and position sizing effectively. This script calculates essential trading metrics and visualizes them directly on your chart, helping you make informed trading decisions.

Features:
- Account Size & Risk Management:
- Account Size: Input your total account balance to calculate position sizes.
- Maximum Risk: Define how much of your account you are willing to risk per trade in dollars.
- Pip Value: Set the value of a single pip for one contract, which is crucial for calculating risk
and position size.

Trade Setup Visualization:
- Entry Price: Specify the price at which you plan to enter the trade.
- Stop Loss: Define your stop loss level to manage your risk.
- Take Profit: Set your target profit level for the trade.
- Visualize the Entry, Stop Loss, and Take Profit levels on your chart with customizable line
colors and text sizes.
- View the distance in pips between the Entry, Stop Loss, and Take Profit levels.

Position Size Calculation:
- Calculates the number of contracts to open based on your risk tolerance and the pip value.
- Displays the maximum number of contracts you can open given your risk parameters.

Customizable Table Display:
- Table Position: Choose the position of the summary table on the chart (Top-Left, Top-Right,
Bottom-Left, Bottom-Right, etc.).
- Table Text Size: Adjust the text size for the summary table.
- Table Background Color: Set the background color for the summary table.
- Table Border Color: Customize the border color of the summary table.

How to Use:
1- Input your Account Size: Enter your current account balance.
2- Set Maximum Risk and Pip Value: Define how much you're willing to risk per trade and the
pip value for your contract.
3- Define Trade Levels: Input your desired Entry Price, Stop Loss, and Take Profit levels.
4- Customize Visuals: Adjust the line styles and table settings to fit your preferences.
5- View Calculations: The script will display the distance in pips and the calculated position
size directly on your chart.

Example Usage:
https://www.tradingview.com/x/5ahNg6ky/

Example to calculate the value of 1 pips with 1 contract:
https://www.tradingview.com/x/ecH28zFH/

Inputs:
Account Size: Your total trading account balance.
Maximum Risk: Risk amount per trade in dollars.
Pip Value: Value of one pip for a single contract.
Entry Price: The price at which you plan to enter the trade.
Stop Loss: The level at which you will exit the trade to cut losses.
Take Profit: The target price to lock in profits.
Line Text Size: Size of the text for the Entry, Stop Loss, and Take Profit lines.
Line Extend: Option to extend the lines for visual clarity.
Table Position: Position of the summary table on the chart.
Table Text Size: Size of the text in the summary table.
Table Background Color: Background color of the summary table.
Table Border Color: Border color of the summary table.
Visuals:
Entry Price, Stop Loss, and Take Profit levels are clearly marked on the chart.
Summary Table with important trade metrics displayed.

3 de jul.

Notas de Lançamento

- Fixed

6 de jul.

Notas de Lançamento

Added :
- Possibility to choose Market or Limit order
- Possibility to view or not the Entry - Stop - Take profit lines in the chart
- Possibility to view or not in the Banlance - Stop - Entry - Take profit table

6 de jul.

Notas de Lançamento

- Fixed table