Editors' picksOPEN-SOURCE SCRIPT
Built-in Kelly ratio for dynamic position sizing
This is the defaut keltners channel strategy with a few additions.
The main purpose is to show how we include the Kelly ratio into our scripts for dynamic position sizing based on the performance of the strategy on a per trade basis.
We've also included the usual take-profit and stop-loss parameters in the event you want to play a little :)
We hope this helps you advance your personal system.
Happy Trading!
The main purpose is to show how we include the Kelly ratio into our scripts for dynamic position sizing based on the performance of the strategy on a per trade basis.
We've also included the usual take-profit and stop-loss parameters in the event you want to play a little :)
We hope this helps you advance your personal system.
Happy Trading!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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