Risk Management and Position Sizing

Capital:

Enter your current trading capital here

Lot Size:

Enter Lot Size to display label/alert position size in lots

Risk Calculation Type

Select whether you want to use a percentage of your capital or a fixed ‘dollar’ amount to risk per trade

Max Risk Per Trade

Enter the maximum percentage of your capital or fixed ‘dollar’ amount to risk per trade

Maker Fee Per Trade(%):

Input the maker fee per trade provided to you from your exchange. This will be used in position sizing calculations

Taker Fee Per Trade(%):

Input the taker fee per trade provided to you from your exchange. This will be used to calculate fees on market orders (Stoplosses  / Some Exits / Some Entries)

Stop Loss Ticks:

Enter number of ticks stoploss should be placed away from SFP extremes. A Tick is the smallest denomination an instrument can trade.

Max Leverage:

Enter the leverage you wish to apply on your capital. Position sizing will always be based on your max risk per trade settings but using leverage on lower timeframes will give you larger position sizes while keeping true to your risk appetite

Use Taker Fees for Pos Size & TPs:

Uses TAKER Fees for all exits in position size calculations. Useful on low timeframes where position sizing can be huge with leverage. If you get stopped with a large position size, the fees of the stop could end up being greater than the set max risk per trade By enabling this feature, your position size will be reduced, but even if stopped, max loss wont exceed your set max risk parameters

Use Portfolio Value for Risk Calculations:

Enable to use the portfolio value (Current Capital + Value of Open Positions) for position size calculations. Disable to use Available Capital for Position Size Calculations (Current Capital - Margin Used for Open Positions)

Set Stoploss to Entry at R:R:

Enter R value for a position to achieve before moving a position’s stoploss to its entry point