Risk & Position Dashboard

Risk & Position Dashboard

Overview
The Risk & Position Dashboard is a comprehensive trading tool designed to help traders calculate optimal position sizes, manage risk, and visualize potential profit/loss scenarios before entering trades. This indicator provides real-time calculations for position sizing based on account size, risk percentage, and stop-loss levels, while displaying multiple take-profit targets with customizable risk-reward ratios.

Key Features
Position Sizing & Risk Management:

• Automatic position size calculation based on account size and risk percentage
  
• Support for leveraged trading with maximum leverage limits
  
• Fractional shares support for brokers that allow partial share trading
  
• Real-time fee calculation including entry, stop-loss, and take-profit fees
  
• Break-even price calculation including trading fees
  

Multi-Target Profit Management:

• Support for up to 3 take-profit levels with individual portion allocations
  
• Customizable risk-reward ratios for each take-profit target
  
• Visual profit/loss zones displayed as colored boxes on the chart
  
• Individual profit calculations for each take-profit level
  

Visual Dashboard:

• Clean, customizable table display showing all key metrics
  
• Configurable label positioning and styling options
  
• Real-time tracking of whether stop-loss or take-profit levels have been reached
  
• Color-coded visual zones for easy identification of risk and reward areas
  

Advanced Configuration:

• Comprehensive input validation and error handling
  
• Support for different chart timeframes and symbols
  
• Customizable colors, fonts, and display options
  
• Hide/show individual data fields for personalized dashboard views
  

How to Use

1. Set Account Parameters: Configure your account size, maximum risk percentage per trade, and trading fees in the "Account Settings" section.
   
2. Define Trade Setup: Use the "Entry" time picker to select your entry point on the chart, then input your entry price and stop-loss level.
   
3. Configure Take Profits: Set your desired risk-reward ratios and portion allocations for each take-profit level. The script supports 1-3 take-profit targets.
   
4. Analyze Results: The dashboard will automatically calculate and display position size, number of shares, potential profits/losses, fees, and break-even levels.
   
5. Visual Confirmation: Colored boxes on the chart show profit zones (green) and loss zones (red), with lines extending to current price levels.
   

Reset Entry and SL:
You can easily reset the entry and stop-loss by clicking the "Reset points..." button from the script's "More" menu.
This is useful if you want to quickly clear your current trade setup and start fresh without manually adjusting the points on the chart.

Calculations
The script performs sophisticated calculations including:

• Position size based on risk amount and price difference between entry and stop-loss
  
• Leverage requirements and position amount calculations
  
• Fee-adjusted risk-reward ratios for realistic profit expectations
  
• Break-even price including all trading costs
  
• Individual profit calculations for partial position closures
  

Detailed Take-Profit Calculation Formula:

The take-profit prices are calculated using the following mathematical formula:

// Core variables:
// risk_amount = account_size * (risk_percentage / 100)
// total_risk_per_share = |entry_price - sl_price| + (entry_price * fee%) + (sl_price * fee%)
// shares = risk_amount / total_risk_per_share
// direction_factor = 1 for long positions, -1 for short positions

// Take-profit calculation:
net_win = total_risk_per_share * shares * RR_ratio
tp_price = (net_win + (direction_factor * entry_price * shares) + (entry_price * fee% * shares)) / (direction_factor * shares - fee% * shares)

Step-by-step example for a long position (based on screenshot):

1. Account Size: 2,000 USDT, Risk: 2% = 40 USDT
   
2. Entry: 102,062.9 USDT, Stop Loss: 102,178.4 USDT, Fee: 0.06%
   
3. Risk per share: |102,062.9 - 102,178.4| + (102,062.9 × 0.0006) + (102,178.4 × 0.0006) = 115.5 + 61.24 + 61.31 = 238.05 USDT
   
4. Shares: 40 ÷ 238.05 = 0.168 shares (rounded to 0.17 in display)
   
5. Position Size: 0.17 × 102,062.9 = 17,350.69 USDT
   
6. Position Amount (with 9x leverage): 17,350.69 ÷ 9 = 1,927.85 USDT
   
7. For 2:1 RR: Net win = 238.05 × 0.17 × 2 = 80.94 USDT
   
8. TP1 price = (80.94 + (1 × 102,062.9 × 0.17) + (102,062.9 × 0.0006 × 0.17)) ÷ (1 × 0.17 - 0.0006 × 0.17) = 101,464.7 USDT
   
9. For 3:1 RR: TP2 price = 101,226.7 USDT (following same formula with RR=3)
   

This ensures that after accounting for all fees, the actual risk-reward ratio matches the specified target ratio.

Risk Management Features

• Maximum Trade Amount: Optional setting to limit position size regardless of account size
  
• Leverage Limits: Built-in maximum leverage protection
  
• Fee Integration: All calculations include realistic trading fees for accurate expectations
  
• Validation: Automatic checking that take-profit portions sum to 100%
  
• Historical Tracking: Visual indication when stop-loss or take-profit levels are reached (within last 5000 bars)
  

Understanding Max Trade Amount - Multiple Simultaneous Trades:

The "Max Trade Amount" feature is designed for traders who want to open multiple positions simultaneously while maintaining proper risk management. Here's how it works:



Key Concept:
- Risk percentage (2%) always applies to your full Account Size
- Max Trade Amount limits the capital allocated per individual trade
- This allows multiple trades with full risk on each trade

Example from Screenshot:

• Account Size: 2,000 USDT
  
• Max Trade Amount: 500 USDT
  
• Risk per Trade: 2% × 2,000 = 40 USDT per trade
  
• Stop Loss Distance: 0.11% from entry
  
• Result: Position Size = 17,350.69 USDT with 35x leverage
  
• Total Risk (including fees): 40.46 USDT
  

Multiple Trades Strategy:
With this setup, you can open:

• Trade 1: 40 USDT risk, 495.73 USDT position amount (35x leverage)
  
• Trade 2: 40 USDT risk, 495.73 USDT position amount (35x leverage)
  
• Trade 3: 40 USDT risk, 495.73 USDT position amount (35x leverage)
  
• Trade 4: 40 USDT risk, 495.73 USDT position amount (35x leverage)
  

Total Portfolio Exposure:
- 4 simultaneous trades = 4 × 495.73 = 1,982.92 USDT position amount
- Total risk exposure = 4 × 40 = 160 USDT (8% of account)