Auxiliary Equity Configurator (AXE) is a whole new level money management auxiliary that calculates statistically preferable lot based on the Account balance, Winning rate, Risk reward ratio, and Kelly multiplier configured a priori in the input panel. On the chart, RR visualization bands, Expected balance history matrix in the worst successive trading loss (for...
This is a risk management tool to determine the max leverage you should use based on your long and short conditions calculated via edge / risk. How? The script calculates the max drawdown (risk) based on your strategy and the max upside (edge) for a specified sample size of trades adjustable in the inputs section. Feel free to improve upon this or adjust code as...