Bitmex Position Size Calculator — Indicator by johannduplessis

Volatility

This script calculates the position size for a specified amount of exposure. Simply specify your wallet size and the amount of your bankroll that you wish to risk in a trade, and this script will calculate the number of contracts.

The aim of this script is to make sure you don't overleverage yourself and consistently trade the required size.

The script will calculate three position sizes:

1. Position size if you want to use a specific EMA as stoploss.
2. Position size if you want to use the ATR multiplied by a specified factor as stoploss.
3. Position size if you want to use the Parabolic SAR as stoploss.

I will update this script as I think of more ways to optimally set a stoploss.

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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