Float by AlphanumetriX is an invaluable tool to aid and abet the trader and investor.
Float can...
Assist in managing positions Assist in identifying new positions Assist in your accounting practices Assist with risk management
What is Float?
The value of Float is in its simplicity. After becoming accustomed to it, you will wonder how you ever traded without it. Float is not a ‘Buy and Sell’ indicator, it can be considered a calculator/risk management tool and position manager. Float has advanced mathematics built into its code that allows you to set complex parameters that will be clearly displayed over your TradingVeiw charts. View your P/L in percentage % terms after leverage and in Fiat $ terms after Leverage.
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After entering all commands in the settings, you are clearly able to view all pertinent information of your trade in real-time. Float will apply and recalculate any amendments that you enter instantaneously.
BEFORE entering a trade, use Float to…
Identify where your liquidation point would be, relative to the amount of leverage applied to the trade. Identify where a potential Stop Loss or Take Profit point could be placed. Assess the Risk/Reward of the trade. Run mock trades to gauge your performance prior to live trading. Calculate the Capital and Quantity of assets post leverage.