UniversalPositionCalculatorV5

🚀 Universal Position Calculator v5 (with Margin-Check) 🚀

Stop using calculators and complicated Excel sheets! 🤯 With the Universal Position Calculator v5, you have the ultimate tool right on your TradingView chart to manage your position size perfectly. Whether it's Forex, Gold, or Indices – this indicator does all the work for you!
✨ What does this indicator do? ✨

This indicator is your personal risk manager. It calculates the exact lot size for your next trade based on your capital, your desired risk, and your leverage. The best part? It immediately checks if your trade is even possible with your margin and warns you if you're about to over-leverage your account! 🚦
🌟 Key Features at a Glance 🌟

Automatic Lot Calculation: Just enter your risk in percent, and the indicator calculates the perfect lot size.

Margin Check: Instantly detects if your desired position size is limited by your margin and adjusts it. No more margin calls due to oversized positions!

For All Asset Classes: Works perfectly for Forex pairs (e.g., EURUSD) and other assets like commodities (XAUUSD) or indices (GER30). 💹

Currency Conversion: Automatically converts between your account currency and the asset's currency. It doesn't matter if you trade in EUR, USD, CHF, or JPY. 💱

Interactive Lines: Simply drag and drop the Entry and Stop Loss lines directly on the chart to plan your trade. 🎯

Clear Info Panel: All important information (lot size, required margin, risk in €/$/...) is displayed cleanly and clearly on your chart.

🛠️ How to Use: It's This Easy! 🛠️

The setup is a piece of cake and done in two simple steps.
Step 1: Configure Your Setup

Go to the indicator settings and fill out the "1. Setup" section:

Asset Type: Choose Forex for currency pairs or Other for everything else (e.g., Gold, Oil, Indices).

Account Currency: Enter the currency of your trading account (e.g., USD).

Account Capital: Enter your current account capital.

Risk in % per Trade: How much of your capital do you want to risk per trade? (e.g., 1.0 for 1%).

Leverage: Enter your account's leverage (e.g., 30 for 30:1).

Contract Size for 'Other': IMPORTANT! Only for the Other type. For Gold (XAUUSD), this is often 100; for the DAX (GER30), it's often 1 or 25. Check your broker's specifications for this!

Step 2: Plan Your Trade

Now for the fun part in the "2. Trade Control" section:

Entry Line (Blue Line): Click on the blue line and drag it to your desired entry level. You can also enter the value manually in the settings.

Stop Loss Line (Red Line): Click on the red line and drag it to your stop-loss level.

Step 3: Read the Results

As soon as you've set your Entry and Stop Loss, the Info Panel in the top-right corner will instantly show you the results:

Correct Lot Size: This is the lot size you need to enter with your broker for this trade.

⚠️ Heads up: If it says "Lot Size (Margin Limited!)" in orange, it means your desired risk was too high for your leverage. The indicator has automatically reduced the lot size to the maximum possible to avoid a margin call.

Required Margin: This is how much capital will be blocked on your account as a security deposit (margin) for this trade.

Risk in [your currency]: The exact amount of money you will lose if your stop loss is triggered.

With this tool, you can make disciplined and mathematically sound trading decisions. Good luck and Happy Trading! 📈💰