Futures Risk Calculator

4월 23일

The "Futures Risk Calculator" is designed to assist traders in calculating the number of contracts to risk based on their account size, risk percentage, and stop loss level. This script provides a convenient way for traders to determine their position size in futures or other instruments where contracts are used.

The script prompts users to input their account size, risk percentage, entry price, and stop loss price. It then calculates the stop size in points, risk in dollars, and the number of contracts to risk. These calculations are based on standard risk management principles commonly used in trading.

The script plots the entry and stop loss lines on the chart for visual reference. Additionally, it displays a label in the top-right corner of the chart, showing the calculated number of contracts to risk. The label updates dynamically as the input values or market conditions change.

Originality and Usefulness:

This script is original and adds value to the TradingView community by providing traders with a practical tool for managing risk in their trading strategies. It is focusing on risk management, an essential aspect of successful trading.

By automating the calculation process, the script saves traders time and reduces the potential for manual errors. It encourages traders to adopt disciplined risk management practices, which are crucial for long-term profitability and capital preservation.

How to Use:

Input your account size, risk percentage, entry price, and stop loss price in the script settings.
Enter the pip size according to the instrument you are using (by default its's based for NASDAQ)
The script will automatically calculate the number of contracts to risk based on the provided inputs.
The entry and stop loss lines will be plotted on the chart for visual reference.
The calculated number of contracts to risk will be displayed in the top-right corner of the chart.
By following these steps, traders can effectively manage their risk exposure and make informed decisions when entering trades.

4월 23일

릴리즈 노트

There were TP line added

5월 5일

릴리즈 노트

The box has been updated and it can be moved on the chart, just go in the settings to adjust it.

5월 6일

릴리즈 노트

Made it better for using table instead of the label. shotout to joshuuu

5월 6일

릴리즈 노트

lines can be moved on the chart, but more features are to come! stay tuned

6월 12일

릴리즈 노트

Visuals have been changed.
Take Profit Lines with custom variations have been added.
UI changes as well

6월 12일

릴리즈 노트

Added the option to plot the lines first and that all the calculations.

6월 26일

릴리즈 노트

The risk Percentage and dollars per point can now be input *.** format.