Lot Size & Risk Calculator (All Pairs)

Nov 20

this indicator is designed to simplify and optimize risk management. It automatically calculates the ideal lot size based on your account balance, risk percentage, and defined entry and exit levels. Additionally, it includes visual tools to represent stop-loss (SL) and take-profit (TP) levels, helping you trade with precision and consistency.

WHAT IS THIS INDICATOR FOR?

This indicator is essential for traders who want to:

• Maintain consistent risk in their trades.
  
• Quickly calculate lot sizes for Forex, XAUUSD, BTCUSD, and US100.
  
• Visualize key levels (Entry, SL, and TP) on the chart.
  
• Monitor potential losses and gains in real time.
  

COMPATIBLE ASSETS

The Lot Size Calculator works with the following assets:

• Forex: Standard currency pairs.
  
• XAUUSD: Gold versus the US dollar.
  
• BTCUSD: Bitcoin versus the US dollar.
  
• US100: Nasdaq 100 index.
  

Calculations adjust automatically based on the selected asset.

TAKE-PROFIT (TP) LEVELS

The indicator allows you to define up to three take-profit levels:

• TP1
  
• TP2
  
• TP3
  

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Each level is configurable based on your exit strategy.


DASHBOARD

The dashboard is a visual tool that consolidates key information about your trade:

• Account balance: Total amount available in your account.
  
• Lot size: Calculated based on your risk and parameters.
  
• Potential loss (SL): Amount you could lose if the price hits your stop-loss.
  
• Potential gain (TP): Expected profit if the take-profit level is reached.
  

SETTINGS

The indicator offers multiple configurable options to adapt to your trading style:

Levels

• Entry: Initial trade price.
  
• Stop-Loss (SL): Maximum allowed loss level.
  
• Take-Profit (TP): Up to three configurable levels.
  

Risk Management

• Account balance ($): Enter your total available balance.
  
• Risk percentage: Define how much you're willing to risk per trade
  

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Visual Options

• Visualization style: Choose between simple lines or visual fills.
  
• Colors: Customize the colors of lines and labels.
  

Dashboard Settings

• Statistics: Enable or disable key data display.
  
• Size and position: Adjust the dashboard's size and location on the chart.
  

HOW TO CHANGE AN ENTRY?

• Open the indicator settings in TradingView and entering the new data manually
  
• Removing and re-adding the indicator to the chart