This is a simple script to aid with determining position size.
Inputs are the intended entry price, desired risk (expressed as % of account at risk), account value, and leverage factor.
To use the script;
1. Identify and update the entry price (yellow line on the chart)
2. Update with desired risk
3. Update with account size
4. Adjust the leverage value until...
This simple script provides a way of calculating position size on a bar by bar basis for a fixed risk amount.
If you are trading a fixed risk amount (e.g. $100) per trade and your Entry and Stop is defined by a specific bar on the chart (any resolution e.g. 15 min, 5 min, 2 min etc) then this indicator will show you the position size you can take.
Hello there ,
Short version of the Macd Long strategy.
MACD Long strategy:
Adding margin: Forbidden or not specified. (Add Margin : No)
Position size: (for each trade) 1%
Stop-Loss: (2% Above Entry Level)
Long: macd crossunder
Exit: macd crossover
Or ofc touching the stop-Loss value as predicted.
These strategies are just examples.