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Tradingview
Lot size calculator
Free (we do it for the community 😊)
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.
This Indicator is developed for the TradingView platform only.
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.
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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!
Why is risk management important?
Risk management is the most important part of trading. Being consistent in your losses and position sizing will give you a great kickstart. If you risk 10% on your account per trade you can take 80 trades and it's done. This is when you consistently use 10%. If you only risked 0.5 you would have been down 33%.
Imagine if you did not use a dynamic lot size based on your account balance.
How much experience do I need to use it?
We have carefully designed our software so that even the newest trader can analyze the market with the fundamental framework of a true professional. However, there needs to be an understanding of how the concepts work and operate in the market, so you can implement it the right way.
How accurate is it?
Our users say it matches 95% of their chart work. But like any other tool, you need to have an edge and know what you're doing. This comes from testing and learning.
Why you not try it out and see for you self?
Is there anything else I get apart from the Algorithm?
1) Full access to our Sonarlab Trading Community, A group of over 3,000+ (and growing) highly motivated and like-minded individuals that sits at the core of everything we do at Sonarlab… Don’t worry, once you’re in, you will know what we mean.. , where professional traders share their set-ups and trade break-downs.
2) The Sonarlab Algorithms, our tech-driven answer to consistent and profitable trading in the 21st century.
3) Access to all of our future innovations and improvements.
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