PROTECTED SOURCE SCRIPT
Lot size
Aktualisiert
This tool using fibonacci retracement to define entry price when price is pull back in a trend
Automatically calculate lot size when you enter a position at fibonacci level, with same risk amount at each level
Good luck!
Automatically calculate lot size when you enter a position at fibonacci level, with same risk amount at each level
Good luck!
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█ OVERVIEWThis function using fibonacci retracement to define entry price and lot size when price is pull back in a trend.
█ CALCULATIONS
Bitcoin price is 34000$, on daily chart you are expecting bitcoin price will go down.
But you will not enter a position at this price, you wait for a retracement at fibonacci level to have a good risk:reward and safe entry.
You enter your arguments as below:
• Input [Currency Pair] , note that this function only display if you set pair as same as your chart.
• Input [Risk] amount and currency unit, this risk will be used to calculate lot size on each fibonacci level with same risk on each level.
• Input [Entry Price], it is price when you see the signal and wait for retracement, also is fibonacci 0 level
• Input [Stop Loss], it is stop loss price, also is fibonacci 1 level
█ NOTE
If you wanna calculate two [Currency Pair] at a time, at two function on your script
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