MNQ/NQ Risk Management Tool

This tool helps MNQ and NQ futures traders automatically calculate position size based on either a fixed dollar risk or a percentage of account balance.

Simply enter your stop loss level and choose whether to risk a set dollar amount or a percentage of your account. The script will display how many contracts to trade based on your setup.

Features:
Calculates contracts based on stop loss and risk size

Toggle between dollar-based or percent-of-account risk

Works with both MNQ ($2/point) and NQ ($20/point)

Automatically updates based on current price and direction (long or short)

Displays a clean info box on your chart with risk, contracts, and settings

This tool is ideal for intraday or swing traders who want to stay consistent with risk management across trades.