Risk Manager Pro: Diamond Edition [Kelly & EV Engine]1. Titolo dello Script
Risk Manager Pro: Diamond Edition
2. Descrizione (Copia e incolla nel box descrizione)
Risk Manager Pro: Diamond Edition is not just a position size calculator; it is a complete algorithmic trading assistant designed to bridge the gap between technical analysis and professional money management.
Many traders focus solely on where to enter. This tool focuses on if you should enter and how much you should risk, using institutional-grade probability models like the Kelly Criterion and Expected Value (EV).
💎 Key Features
1. The "Truth" Metrics (EV & Kelly) Instead of just showing PnL, the dashboard calculates two critical decision-making metrics:
Expected Value (EV): Calculated in your currency. It combines your Win Rate, Potential Profit, and Risk. If EV is Green, the trade makes mathematical sense. If Red, you are paying to gamble.
Kelly Criterion Edge: Measures your statistical edge.
Weighted R:R: Unlike standard calculators that average Risk:Reward, this engine weighs your R:R based on your partial take-profit quantities (e.g., closing 50% at TP1 vs 80% at TP1 changes your real math).
2. Kelly Auto-Sizing Engine (Algo-Sizing) This is the standout feature. When enabled in settings:
The script automatically adjusts your position size based on the strength of your statistical edge.
If the Kelly score is negative (no edge), the script forces Size = 0 (protecting you from bad trades).
If the edge is positive, it scales the risk proportionally (capped at your Max Risk input).
3. Planning Mode vs. Live Mode
Planning Mode: Set an Entry Mode to "Manual Level". The visual lines (Entry, SL, TP) detach from the current price, allowing you to plan Limit or Stop orders. The dashboard calculates risks based on that future entry.
Live Mode: Anchors calculations to the current Close price for market execution.
4. Institutional Fee Modeling
Includes inputs for Commissions, Spread, and Swap.
Triple Swap Toggle: A checkbox to account for weekend/Wednesday triple swap costs, crucial for Swing/Position traders.
5. Dynamic Visuals
Smart Trail Pilot: A dynamic trailing stop line that changes color from Purple (Risk Zone) to Neon Green (Safe Zone/Locked Profit) once price crosses your entry.
Clean Chart Toggle: Hide the background risk boxes for a minimalist view.
🛠️ Dashboard Breakdown
Row 1 (Status): Shows active mode (Planning/Live) and the Expected Value (EV). This is your "Go/No-Go" gauge.
Row 2 (Edge): Displays your Win Rate and Kelly Status.
Row 3 (Sizing): Calculates Lot Size and effective Leverage.
Row 4 (PnL): Projected Net Profit and the True Weighted R:R.
Row 5 (Costs): Total estimated drag on the account (Fees + Swap + Spread).
Row 6 (Context): Trend filter analysis (EMA 50/200 logic).
⚙️ How to Use
Configure Profile: Set your Account Balance and Currency.
Input Win Rate: Be honest. Input your historical Win Rate (or calculate it from your last 20 trades via the option).
Plan the Trade:
Select Long/Short.
Choose your SL Mode (Fixed, ATR, or Swing Structure).
Adjust TPs (Single or Multi-Target).
Check the EV: Look at the top right of the dashboard. Is the EV positive?
Execute: Use the calculated "Size" for your broker order window.
Disclaimer: This tool is for educational and risk management purposes only. It does not provide financial advice. The "Kelly Auto-Sizing" is a mathematical model and does not guarantee future profits. Always trade responsibly.
If you find this script useful, please leave a comment with your feedback! Suggestions for improvement are greatly appreciated.
Riskcalculator
Position Size CalculatorIt calculates the risk per trade using two methods: Margin-Based (percentage of total Account Balance) or Equity-Based (percentage of Total Balance minus minimum balance). Displayed as a compact, customizable label on the main chart, it’s perfect for traders seeking quick, precise risk calculations.
Key Features
Two Calculation Options:
Margin-Based: Risk as a percentage (0-5%) of your total account balance.
Equity-Based: Risk as a percentage (0-50%) of (Total balance - Minimum balance).
Flexible Risk Input: Manually enter any risk percentage with 0.01% precision (e.g., 1.75%).
Customizable Display:
Repositionable table (9 positions, e.g., top-right, middle-center).
Four table sizes (XL, L, M, S) with text scaling (large, normal, small, tiny).
Adjustable cell color, text color, and transparency
Margin-Based Risk Calculation:
Set “Total Margin” (e.g., $10,000).
Enter “Risk Percentage (%)” (0 to 5%, e.g., 1.75%).
Equity-Based Risk Calculation:
Set “Total Equity” (e.g., $15,000).
Set “Minimum Balance” (e.g., $5,000).
Enter “Equity Risk Percentage (%)” (0 to 50%, e.g., 1.75%).
Display Settings:
Choose “Calculation Method” (Margin-Based or Equity-Based).
Select “Table Position” (e.g., top_right).
Select “Table Size” (XL, L, M, S; default M).
Customize “Table Cell Color”, “Table Text Color”, and “Table Cell Transparency”.
Future Risk CalculatorCreated out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely.
How to use:
1. Open indicator settings.
2. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition)
3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box.
4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct.
"Never, ever argue with your trading system." (by Michael Covel)
Regards,
Ircham
