OPEN-SOURCE SCRIPT
NCI - Lot size (Forex)
Aktualisiert
Description:
The "NCI - Lot Size (Forex)" is a comprehensive tool designed for Forex traders to optimise their risk management strategies. This indicator dynamically calculates and displays the ideal lot size for your trades based on real-time currency conversion rates and your predefined risk parameters.
Key Features:
1. Real-Time Data Integration:Leverages current Forex market data from OANDA for major currency pairs, including USDJPY, USDCHF, AUDUSD, GBPUSD, NZDUSD, USDCAD, and EURUSD, ensuring accurate lot size calculations.
2. Customizable Account Balances: Set up to five different account balances to simulate various trading scenarios.
3. Adjustable Risk Management: Define your risk tolerance with a customizable risk percentage, allowing you to align the lot size calculations with your individual trading strategy.
4. Stoploss Adjustment: Input your desired stop loss in pips, which directly influences the calculated lot size, ensuring that your trades stay within your risk parameters.
5. Currency-Specific Adjustments: The script automatically adjusts the lot size based on the currency pair being traded, accounting for differences in currency values and volatility.
6. Intuitive Display: A clear and concise table is displayed on your chart, presenting the calculated lot sizes for each account balance and risk setting, alongside your specified stop loss.
7. User-Friendly Interface: Easy-to-use inputs make setting up the indicator a breeze, allowing both novice and experienced traders to make the most of this tool.
How to Use:
- Set your account balances (up to five different accounts).
- Define your risk percentage.
- Input your stop loss in pips.
- The table will dynamically show the ideal lot size for each account based on the current Forex market data and your settings.
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Please Note: Trading in Forex involves significant risk and may not be suitable for all investors. The use of this indicator does not guarantee profits and should be used as part of a comprehensive trading strategy.
The "NCI - Lot Size (Forex)" is a comprehensive tool designed for Forex traders to optimise their risk management strategies. This indicator dynamically calculates and displays the ideal lot size for your trades based on real-time currency conversion rates and your predefined risk parameters.
Key Features:
1. Real-Time Data Integration:Leverages current Forex market data from OANDA for major currency pairs, including USDJPY, USDCHF, AUDUSD, GBPUSD, NZDUSD, USDCAD, and EURUSD, ensuring accurate lot size calculations.
2. Customizable Account Balances: Set up to five different account balances to simulate various trading scenarios.
3. Adjustable Risk Management: Define your risk tolerance with a customizable risk percentage, allowing you to align the lot size calculations with your individual trading strategy.
4. Stoploss Adjustment: Input your desired stop loss in pips, which directly influences the calculated lot size, ensuring that your trades stay within your risk parameters.
5. Currency-Specific Adjustments: The script automatically adjusts the lot size based on the currency pair being traded, accounting for differences in currency values and volatility.
6. Intuitive Display: A clear and concise table is displayed on your chart, presenting the calculated lot sizes for each account balance and risk setting, alongside your specified stop loss.
7. User-Friendly Interface: Easy-to-use inputs make setting up the indicator a breeze, allowing both novice and experienced traders to make the most of this tool.
How to Use:
- Set your account balances (up to five different accounts).
- Define your risk percentage.
- Input your stop loss in pips.
- The table will dynamically show the ideal lot size for each account based on the current Forex market data and your settings.
---
Please Note: Trading in Forex involves significant risk and may not be suitable for all investors. The use of this indicator does not guarantee profits and should be used as part of a comprehensive trading strategy.
Versionshinweise
Update:1) Options to choose the size of the table
2) Options to show or hide account column
Versionshinweise
Update:- Added "note" under the SL pips calculator
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.