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Tradingview
Lot size calculator
Product Details
Risk management is the most important chain in the link. Your strategy can be really good, but without risk management, it does not mean anything. This tool will help you calculate your lot size inside TradingView. Want to know more about risk management? Read our new blog post here.
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Introducing the
Lot Size Calculator for TradingView
Calculating a lot size in MetaTrader is normally not a quick task, but it is a very important one. MetaTrader doesn't offer a fast way to calculate the position size, so, usually, a trader needs to manually perform several calculations.
When you are submitting an order, you are already supposed to know and type in the lot size for the trade. It can be frustrating to calculate - that's why we made this tool to speed up the process a little for you.
Now you can also see your P/L live and calculate the lot size within seconds straight from Tradingview.
When you are submitting an order, you are already supposed to know and type in the lot size for the trade. It can be frustrating to calculate - that's why we made this tool to speed up the process a little for you.
Now you can also see your P/L live and calculate the lot size within seconds straight from Tradingview.
01
Entry and stop loss
Simply set your entry and stop loss by clicking on the price point you want it to be
02
Set target
Like setting your entry and stop loss you can simply click to set your target
03
Choose symbol
After the first two steps the indicator will ask you to set your symbol.
04
Set risk setting
Set your balance, risk in % and all the other inputs which fits your risk.
Developed for traders, by traders 💙
What is a lot size calculator and how does it work?
Our lot size calculator for TradingView is a tool that helps traders determine the appropriate position size for a trade based on their account balance, risk tolerance, and other relevant factors. It works by taking into account the size of a trader's account, their desired risk per trade, and the price of the asset being traded.
Why is lot sizing important in trading?
Lot sizing is important in trading because it directly impacts the amount of risk you're taking on in each trade. You can optimize your position size by considering your individual risk tolerance, trading goals, and other relevant factors. By using a lot size calculator, you can determine the appropriate position size for each trade, helping you manage risk and improve your trading performance.
How can a lot size calculator help me manage risk in my trades?
Our lot size calculator for TradingView can help you manage risk in your trades by ensuring that you're not risking too much of your account on one trade. By calculating the appropriate position size based on your risk tolerance and account balance, you can limit your exposure to potential losses and maximize your chances of success.
What is a contract size?
A contract size is the standardized amount of a particular asset being traded in a financial market. It represents the quantity of the asset that is being bought or sold in a single transaction.
The contract size varies depending on the asset being traded and the financial market where the trade is taking place. For example, in the forex market, the standard contract size for a currency pair is typically 100,000 units of the base currency. In the futures market, the contract size may be based on a specific commodity, such as barrels of oil or bushels of wheat.
Contract size is an important consideration for traders because it directly impacts the value and risk of each trade. It is important you will set the right contract size when calculating the lotsize - it can vary per broker and prop firm. Make sure to check it before placing a trade. In the video above it will show you how to find a contract size in Metatrader 4 and Metatrader 5.
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30 day money back guarantee. Cancel anytime in one-clock from within your account. If you're not completely satisfied, effortlessly cancel with a single click from your account. Your satisfaction is our priority, so we'll happily refund your investment within the first 30 days. Don't wait - start transforming your trading today!
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