Layered Entry System - v1.1

This indicator allows you to practice risk management by layering into trades using acceptable risk. It automatically calculates the notional amounts to invest per entry, all the while, managing your risk.

Simply add to a chart, click on the settings and input your account balance, how much risk you'd be will to take on in the collective layered-in trade, and then set the TP, SL and your entry levels.

When it comes to leverage, you can either chose your leverage, or let the indicator determine the maximum leverage you can apply, BEFORE you'd be liquidated from the position, and lose the complete risk amount. This setting is handy for small accounts, where you might want to use more of your balance/margin and enter into more trades, while maximizing leverage and volume, but... always keeping an eye on liquidation.

Instructions:
- Load the indicator, input your balance and the risk you're OK to lose on that trade. Practice with 1%
- Select if long or short
- Select the leverage management style you want to apply
- Select how much and how you want to allocate funds i.e. 3 layers could be equal, where if your risk amount was $100, you could have 34, 33, 33 and it's split the allocation. Zero (0) means you dont want to use that layer/level.
- Select when to start watching your trade (on the screen only) i.e. from "now" rather than historic, so typically drag the vertical bar to now, or the last candle.
- Enter your TP, SL and Entry(s) levels
- Double check liquidation offset is always below your SL
- Once done, look at the Notional amount, and the leverage amount in the table and copy the layers as separate trades into your trading platform, with the same TP and SL for all trades.

NOTE: A chart cant remember what's in the indicator, so once done, and changing charts, it wont remember or imprint it onto the chart for future reference. You could take a screenshot, and copy/paste it onto the chart somewhere, or use Tradingview's drawing components to mark off levels, etc.