Custom position sizer

2019년 10월 12일

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 the stop loss (red line on chart for long positions, green line for short positions) reaches the desired value/location on the chart

The label will then update to show the required position size for the trade.

2019년 10월 12일

릴리즈 노트

Updated to generate label on current bar only

2019년 10월 12일

릴리즈 노트

Further update to fix the issue of labels forming at every new bar

2019년 10월 15일

릴리즈 노트

Reworked calculation of position size, added individual inputs for stop and target prices, added background colours.