Lot Size & Risk Calculator [FunkyMax]

🔹 Overview
This script is a lot size and risk management calculator directly integrated into your chart.
It automatically determines the optimal position size based on your account balance, chosen risk percentage, and stop-loss distance.

In addition to risk calculation, the script also displays Entry, Stop-Loss, and Take-Profit levels on the chart, along with a dashboard panel summarizing all key trading information:

• Account balance
  
• Selected risk %
  
• Amount at risk
  
• Optimal lot size
  
• Stop & TP distances in pips
  
• Risk/Reward ratios (R:R)
  
• Potential profit for each TP
  
• Contract size & pip size
  

🔹 Key Features

✅ Automatic lot size calculation based on:

• Account balance
  
• Risk %
  
• Stop-Loss distance
  

✅ Clear visual display:

• Dynamic labels for Entry, Stop, and TP (supports 1 or 2 TPs)
  
• Colored lines (green for TP, red for SL, blue for Entry)
  
• Profit/Loss zones filled on the chart
  

✅ Dashboard panel:

• Compact summary displayed on-screen (position customizable)
  
• Real-time automatic updates
  

✅ Automatic asset detection:

• Forex: contract size = 100,000 (pip = 0.0001 or 0.01 for JPY pairs)
  
• Gold (XAUUSD): contract size = 100 (pip = 0.1)
  
• Indices & crypto: contract size = 1 (pip = 1.0)
  
• Manual override available (custom contract & pip size)
  

✅ Multi-currency support:

• Display in USD or EUR
  

🔹 How to Use

Add the indicator to your chart then define entry price, stop-loss, Take-Profit targets (TP1 & TP2) by clicking directly on chart. Then, configure settings of the indicator as needed :

1. Basic settings (Money Management tab):

• Enter your account balance (e.g., $1000).
  
• Select your risk percentage (e.g., 1%, 2%, 3%).
  
• Choose your deposit currency (USD or EUR).
  

2. Trading levels (Levels tab):

• Set your Entry price.
  
• Define your Stop-Loss (SL).
  
• Add up to two Take-Profit targets (TP1 / TP2).
  

3. Chart display:

• Toggle levels on/off with Display TP & SL on chart.
  
• Levels appear automatically with lot size and R:R ratio.
  

4. Dashboard (Dashboard tab):

• Choose text size (Normal / Small).
  
• Position the info panel anywhere (top/bottom/left/right).
  

🔹 Benefits

• Time-saving: no more manual lot size calculations
  
• Risk control: enforces consistent money management
  
• Versatility: works across Forex, Gold, Indices, Crypto
  
• Clarity: instant visualization of risk and potential reward
  

🔹 Limitations

• Pip value may vary depending on your broker (CFDs, Futures, etc.). Double-check with your platform.
  
• Educational purpose only: this script is not financial advice.
  

🔹 Author
Script developed and optimized by FunkyMax.