OPEN-SOURCE SCRIPT

WTI Crude Oil Lot Size Calculator by AdrianFx94

Indicator on Trading Chart: Once you add this script to your trading chart (specifically a WTI Crude Oil chart), it appears as an indicator. This means it runs alongside the price data and other technical analysis tools you might be using.

Input Your Trading Parameters:

Balance (USD): You need to enter your trading account balance in USD. This is the amount of money you have in your account.
Risk Percentage (%): This is where you define the percentage of your account balance that you're willing to risk in a single trade. For example, if your account balance is $5000 and you set the risk percentage to 1%, you're willing to risk $50 on a trade.
Stop Loss Pip Size (Pip): Here, you enter the size of your stop loss in pips. A pip is a small measure of change in a currency pair in the forex market. In the context of WTI Crude Oil trading, it represents a small change in the price.
Automated Lot Size Calculation: Based on the inputs you provide, the script automatically calculates the lot size you should use for your trade. The calculation takes into account the balance you're willing to risk, the percentage of risk, and the stop loss size. This helps in managing risk by suggesting the amount of WTI Crude Oil you should trade (in lots) that aligns with your risk tolerance.

Display Results in a Table: The script generates a table displayed on the top right corner of your chart. This table shows:

Your entered balance (in USD).
The risk percentage you've set.
The calculated lot size, which indicates how many lots of WTI Crude Oil you can trade based on your risk management parameters.
Real-Time Updates: As this script is part of an indicator on your chart, it updates in real time. This means if your account balance changes or if you decide to adjust your risk parameters, you can re-enter these values, and the script will update the lot size accordingly.

This tool is particularly useful for WTI Crude Oil traders who follow strict risk management rules. By automating the calculation of the lot size, it saves time and helps in making informed and disciplined trading decisions.
Chart patterns

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?

免责声明