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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.
Simply set your entry and stop loss by clicking on the price point you want it to be
Like setting your entry and stop loss you can simply click to set your target
After the first two steps the indicator will ask you to set your symbol.
Set your balance, risk in % and all the other inputs which fits your risk.
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.
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.
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.
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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