INVITE-ONLY SCRIPT

ForexATRPositionSizer

633
This script allows me to size up my trades based on account size and ATR. Default is Weekly ATR.

Inputs:
1) Account Size
2) % Unit of Risk
3) ATR Time Frame
4) ATR Period
5) ATR Multiple

The indicator will calculate a trade size for you (1000 = 0.01 lots) across all pairs adjusted by ATR.
1 Unit of Risk (%) is equivalent to ATR Multiple * ATR Weekly of movement.

For example:
Assume you have a 10000 dollar account.
You equate 1% of Equity to N*ATR of movement on weekly chart.
Suppose N*ATR = 100 pips.
Therefore, your trade size will equate to 0.1 lots.

This allows the trader to equalize the effect of equity fluctuations relative to any one given pair.


Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.