BTC/ETH Lot Size for Dexin - V1.0

https://www.tradingview.com/x/KqgKnDqh/

█  Overview - This tool is specifically tailored for Delta Exchange India’s users.

I use this interactive tool before taking a position in the BTC’s futures perpetual market. With only 3 mouse clicks, I see all the necessary information, whether a Long or Short position.

A visual of Liquidation Price Level, Stop Loss Price Level, Entry Price Level, Break-even Price Level, and Take Profit Price Level can be immediately seen.

On the top right corner of the chart, which Leverage is to be used, No. of Lots to be taken, expected Profit amount, Loss amount, Brokerage Fees, Risk to Reward Ratios, and Return on Investment are shown, excluding brokerage travel. To get the correct answer in the table that suits your account and risk-taking appetite, the user needs to enter the account balance and Risk per trade.

It also does live tracking of the position, and alerts can be configured too.

█  How to Use

Load the indicator on an active chart.

In the Trading View, ensure that the Magnets is enabled (on the left panel). This will precisely select the price levels you want to choose from OHLC for a candle.

When you first load the tool on the bottom of the chart, you will see a blue box with text in white color guiding you on what you need to do.

• Before the first click, the box shall prompt “On the signal candle, set the entry level, where the position would be executed”.
  
• Once the entry price level is selected, the next prompt in the blue box shall be “Set the stop loss level where the position would be exited”. Thus, you need to click the stop loss price level.
  
• Now that the two clicks of Entry and Stop Loss are already done, the last remaining is for the take profit. The last prompt shall be “Set the profit level where the position would be exited”. Therefore, you need to select your take-profit level
  
• Finally, when all three points are selected, the tool shall draw trade zones.
  
• The tool automatically determines whether it is a Long Position or Short Position from the Stop loss and take-profit price levels concerning the entry price level
  
• If the take profit level is above the entry price, the stop must be below, and vice versa; otherwise, an error occurs.
  
• You can change levels by dragging the handles that appear when you select the indicator, or by entering new values in the settings.
  
• Once the position tool is on a chart, it will appear at the same levels on all symbols you use.
  
• If you select the position tool on your chart and delete it, this will also delete the indicator from the chart. You will need to re-add it if you want to draw another position tool. You can add multiple instances of the indicator if you need a position tool on more than one of your charts.
  

█  Features

Display
The tool displays the following information as graphical visuals

• The Liquidation to Stop Loss, Stop Loss to Entry, Entry to Break-even, and Entry to Take Profit zones shall be initiated from the entry candle point.
  
• If you want to be from the candle that crossed the level at a different time from the entry candle, you may go to the settings and adjust the time accordingly. Please note that the time interval is 15 minutes, so at times you may not be able to see the graphical display; however, once the 15-minute time interval is over, you will see the graphical display on the chart.
  

The tool displays the following information in a tabulated manner

• The first row indicates the Leverage that is best suited. The leverage selection by default is greater than or equal to the risk distance.
  
• The second row indicates the number of lots that is computed in relation to the account balance, Risk appetite, Entry price, and Stop Loss price.
  
• The third row indicates estimated profit considering taker's fees and is computed in relation to the number of Lots, Entry price, and Take-Profit price.
  
• The fourth row indicates estimated loss considering taker's fees and is computed in relation to the number of Lots, Entry price, and Stop Loss price.
  
• The fifth row indicates the actual Risk to Reward Ratio, ignoring the travel that pertains to fees.
  
• The sixth row indicates actual Return on Investment, ignoring the travel that pertains to fees.
  
• The intent is to allow the user to make an informed decision prior to taking a position by seeing “$/Rs.” or “% of R O I” or “R : R”.
  
• In case the user wants to know beforehand what the expected charges are that need to be borne before taking a position, that too is made available in the seventh and eighth rows. Both sides' charges are made available for ready reference, irrespective of the outcome of the trade, the user knows the consequences beforehand.
  

█  Settings
'Trade Sizing'

• The tool's input menu is divided into various parts. The first part is 'Trade Sizing'. The user needs to key in the exact number that appears in the Delta Exchange India account against 'Account Balance ($)'. The second thing the user needs to do is key in the 'Risk per Trade'. By default,t it is set to 0.25 and has a default stop change of 0.25. Alternatively, the user can key in any number (Whole number or Rational number) within 100 if that suits their risk management criterion.
  

'Trade Levels'

• Allows users to manually set the Entry, Time, Stop Loss, and Take Profit Price Levels.
  

'Aggressive Mode Selection'

• As the Liquidation zone is shown on the chart, if the user feels that the liquidation price level is too far from the stop loss, this option of 'Use Aggressive Leverage?' allows to increase the leverage, thus reducing the investment amount and in return increasing the Return on Investment %.
  
• The second option in this category is 'Compute Lots based on invested Margin?' itself is self-explanatory, and thus the tabulated data shall be populating the data based on the number entered by the user against 'Margin to be invested ($)'. It is for the user to ensure that the estimated outcomes are within their risk management criterion.
  

'Conversion & Charges'

• If the user wants to see the Profit, Loss, and Fees amount in 'Rs.', all that needs to be done is simply enable the 'Show P&L in Rs.?' The conversion shall take place considering 1 USD = 85 Rs. Same as that carried out by Delta Exchange India.
  
• If the user wants to see the Brokerage Fees, all that needs to be done is simply enable the 'Show Brokerage Fees?'. On enabling this, the table shall show Profitable Trade's (PT) Fees and Lost Trade's (LT) Fees irrespective of the outcome of the trade. The intent is to allow the user to make informed decisions to avoid regrets or surprises at the end of the trade.
  

'Table'

• The division of the input section is related to table position, font size and colors for text and background.
  

█  Alerts

• Alerts can be configured by clicking 'More' (the three dots that appear when you place the cursor on the indicator title that appears on the top left corner of the chart). Alternatively, one can configure alerts by right-clicking on either of the two price levels - Stop Loss price level or Take Profit Price level. Upon right clicking, a window shall appear and the topmost line on that window shall display 'Add alert on ……….' The user can thus put alerts on either of the key levels, such as Stop Loss, Take Profit, and Break Even, or on all of them one by one.