OPEN-SOURCE SCRIPT
Position/stops calculation for controlled trade.
Updated
Calculate your position and stop loss directly within the trading view chart.
parameters:
Wallet Balance ==> represent you trading account wallet balance
Stop loss purcentage from entry ==> represent the pourcentage of the stop loss from the entry
risk purcentage per trade ==> represent the percentage of you wallet balance you are willing to loose after taking position in a trade, it is advisable to use a maximum risk of 3% or even much less.
parameters:
Wallet Balance ==> represent you trading account wallet balance
Stop loss purcentage from entry ==> represent the pourcentage of the stop loss from the entry
risk purcentage per trade ==> represent the percentage of you wallet balance you are willing to loose after taking position in a trade, it is advisable to use a maximum risk of 3% or even much less.
Release Notes
updating the lines.Release Notes
Adding the amount of money you can loose.changing the size of the text
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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