Custom Lot Size Table with Calculator This TradingView script, is designed to empower traders with precise risk management tools. It allows for input of key parameters such as account balance, desired risk percentage, and a range for stop-loss pips, ensuring that the lot sizes calculated are perfectly aligned with risk tolerances.
The script dynamically adjusts the table size based on the user's input, offering a clear and concise visualization of the appropriate lot sizes..
LOT
(Simple) Lot Size CalculatorPip Calculator: A Guide for Traders
The Pip Calculator is a powerful tool designed to help traders calculate their lot size based on their account balance, risk percentage, and stop loss in pips. This guide will walk you through using the Pip Calculator script and explain its features.
Features of the Pip Calculator:
User-friendly UI : The Pip Calculator provides a simple and intuitive user interface, making it easy to input your account details and obtain the desired lot size.
Flexible Inputs : The Pip Calculator allows you to enter your account balance, risk percentage, and stop loss in pips. This flexibility enables you to customize the calculation according to your trading strategy.
Dynamic Currency Pair Support : The Pip Calculator supports various currency pairs and their respective pip values. The script automatically detects the currency pair of the chart you're viewing, ensuring accurate calculations.
Real-time Lot Size Display : The Pip Calculator instantly calculates and displays the lot size based on your inputs. The lot size is updated in real-time as you adjust your account balance, risk percentage, or stop loss.
Visual Representation : The Pip Calculator visually presents the calculated lot size on the chart, making it easy to understand and reference during your trading activities.
Using the Pip Calculator:
Install and Apply the Script : To use the Pip Calculator, install it as an extension on your preferred trading platform (such as TradingView). Apply the script to the chart of the desired currency pair.
Enter Account Details : In the script's user interface, enter your account balance, risk percentage, and stop loss in pips. These details are essential for accurate lot size calculation.
Review Currency Pair Support : The Pip Calculator automatically detects the currency pair of the chart. Ensure that the currency pair is supported by checking the "Currency pair not supported" message. Currently, GBPJPY is the supported pair.
Observe Real-time Lot Size : Once you've entered the required information, the script will calculate and display the lot size in real-time. The lot size is adjusted automatically as you modify your inputs.
Visualize the Lot Size : The calculated lot size is displayed on the chart as a label. You can easily view and reference the lot size while analyzing price movements.
Customize the UI : The Pip Calculator allows you to customize the appearance of the lot size label. You can adjust the text color, background color, and choose whether to show or hide the lot size label.
Note: The Pip Calculator script is intended as a tool to assist traders in determining an appropriate lot size based on their account balance, risk percentage, and stop loss. It should be used in conjunction with a comprehensive trading strategy and risk management principles.
Advantages of the Pip Calculator:
Accuracy: The Pip Calculator incorporates accurate pip values for supported currency pairs, ensuring precise lot size calculations.
Simplicity: The user-friendly interface and intuitive design make it easy for traders to calculate their lot size without complex calculations or manual estimations.
Real-time Updates: The Pip Calculator provides instant lot size updates, allowing traders to adapt their position sizing based on changes in account balance, risk percentage, or stop loss.
Visibility: The visual representation of the lot size on the chart helps traders quickly identify their desired position size and monitor it during trading activities.
The Pip Calculator offers a convenient and efficient way to determine lot sizes based on your trading parameters. By using this tool, you can enhance your risk management practices, maintain consistency, and stay aligned with your trading plan.
Disclaimer: The Pip Calculator script is provided for informational purposes only and should not be considered as financial advice. Trading in the financial markets carries inherent risks, and it is essential to perform your own analysis and consult with a qualified financial advisor before making any investment decisions.
Lot Size Calculator - GER30 Variable Contract sizeLot size calculator is built for ger30 (dax) it has variable contract size to meet all different brokers requirements
right click and move to pane above to add to chart window, in settings you can change line colour to opaque
Interactive Lot/Position Calculator FTX/OKX DCA [RDM13-NOSTRA] Interactive script to calculate lot and position size when you use TradingView to trade on FTX or OKX. You can also use multi positions for DCA strategy.
After adding an indicator and making an initial interactive selection on the chart, you can modify the selection points by selecting the indicator and moving the points on the chart.
Forex Lot Size Calculator [AKCHOOO]Forex Lot Size Calculator based off stop loss (ticks), also shows the lot size needed for taking partials (based of % of trade to close partial position).
credits
inspired by @DewMic
adapted from @hanabil
