Forex - Lot size calculator

30. Sept. 2024

This indicator is specifically designed for Forex traders who need a convenient lot size calculator directly on their charts. It allows users to input their account balance, risk percentage, and stop-loss distance in pips to easily determine the appropriate lot size for a given trade, ensuring effective risk management.

Key Features:

• Lot Size Calculation: Automatically calculates the lot size based on user-defined inputs: account balance, risk percentage, and stop-loss distance.
  
• Error Handling: The indicator only works with Forex pairs. If applied to non-Forex assets, a clear and prominent red error message will appear in the bottom-right corner of the chart, reminding the user that this script is intended exclusively for Forex trading.
  
• Simple Visualization: The calculated lot size is displayed in an easy-to-read table directly on the chart.
  

How to Use:

1. Add the indicator to a Forex chart.
   
2. Enter your account balance, risk percentage, and stop-loss pips in the input fields.
   
3. The indicator will display the calculated lot size for the chosen Forex pair.
   

Important Notes:

• This script is intended only for Forex assets. If used on other instruments (e.g., stocks, crypto, indices), an error message will be shown.
  
• Always validate lot sizes with your broker, as there can be slight variations depending on broker specifications and leverage settings.
  

30. Sept. 2024

Versionshinweise

This indicator is specifically designed for Forex traders who need a convenient lot size calculator directly on their charts. It allows users to input their account balance, risk percentage, and stop-loss distance in pips to easily determine the appropriate lot size for a given trade, ensuring effective risk management.

Key Features:

• Lot Size Calculation: Automatically calculates the lot size based on user-defined inputs: account balance, risk percentage, and stop-loss distance.
  
• Error Handling: The indicator only works with Forex pairs. If applied to non-Forex assets, a clear and prominent red error message will appear in the bottom-right corner of the chart, reminding the user that this script is intended exclusively for Forex trading.
  
• Simple Visualization: The calculated lot size is displayed in an easy-to-read table directly on the chart.
  

How to Use:

1. Add the indicator to a Forex chart.
   
2. Enter your account balance, risk percentage, and stop-loss pips in the input fields.
   
3. The indicator will display the calculated lot size for the chosen Forex pair.
   

Important Notes:

• This script is intended only for Forex assets. If used on other instruments (e.g., stocks, crypto, indices), an error message will be shown.
  
• Always validate lot sizes with your broker, as there can be slight variations depending on broker specifications and leverage settings.
  

30. Sept. 2024

Versionshinweise

fix: color white on error text

4. Okt. 2024

Versionshinweise

• Add currencies on balance
  
• Add % or Money for the risk
  
• Possibility to custom the column width of label and value