Position Sizing Calculator [racer8]

Brief Description:
This indicator calculates your position size. It adjusts to the ATR & the maximum amount of risk (% of equity) you can tolerate.
Thus, it allows you to control your risk & adapt to market volatility.

Recommended settings for parameters:
Converted Capital ***Make sure you convert your capital's currency to whatever currency/instrument you are trading. (Use Google)
Percent Risk = 1 to 3
ATR SL Multiplier = 1 to 2
ATR Period = 7 to 14

How it's calculated:
Risk amount = Converted Capital * ( Percent Risk / 100 )
Stop Loss = ATR * (ATR SL Multiplier)
# of Units = Risk amount / Stop loss

Hit the like button & enjoy!