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Visual Position Sizer

30 USD

Demo downloaded: 5

Published: 22 October 2023

Current version: 1.3

Visual Position Sizer

Indicators
Brian David Austin
Version: 1.3
Activations: 5

Easily manage your risk and position sizing!

It can be tricky to size your trade in the moment, due to different currency / commodity values. For example, placing a 1 Lot position on XAUUSD can easily blow an account that could handle 1 lot on GBPUSD. See screenshots to see how Gold can move $500 on 1 lot much faster than GBPUSD.

THe indicator draws horizontal lines that allow you to easily compare the potential risk/reward across timeframes and symbols.

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Inputs are:

Risk Size: The Loss/Profit you are looking to target. (eg 1% of your equity)

Lot Size: The position size you place to scale the trade to the chart/symbol

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By having a standard measure of risk across Symbols and Timeframes, risk management becomes easy!

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