Advanced Lot Size Calculator

4 hari lalu

📌 Name:
Advanced Lot Size Calculator

🎯 Purpose:
This TradingView script helps calculate and display the correct lot size for trading, based on:

Your account balance

Risk percentage (e.g., 1%)

Stop-loss size (in pips)

Currency pair exchange rate (e.g., EURAUD)

🔢 Key Inputs:
5 Account Balances (Balance 1 to Balance 5) – lets you track multiple trading accounts.

Risk Percentage (%) – the percentage of the account you're willing to risk per trade.

Stop Loss in Pips – size of your stop loss in pips.

⚙️ How It Works:
For each account balance:

It calculates how much money (in USD) you’re risking (e.g., 1% of $2000 = $20).

Converts it to the local currency if needed (e.g., AUD).

Divides it by the pip value and stop-loss size to determine the correct lot size.

Truncates the result to 2 decimal places.

It uses live exchange rates by checking the current symbol's quote currency (like AUD in EURAUD).

🧾 What It Shows (Table on the Chart):
A table in the bottom-right corner with the following columns:

Cash $ – the account balance

% Risc – your selected risk percentage

Lot – the calculated lot size for that account

🎨 Color Coding:
The Lot size text changes color based on the selected risk:

🟢 Green if risk is ≤ 1% → safe risk

🟠 Orange if risk is > 1% and ≤ 2%

🔴 Red if risk is > 2% → high risk

✅ Use Case:
Ideal for day traders or swing traders who:

Use multiple accounts

Want quick, reliable lot size calculation based on strict risk management

Trade pairs like EURAUD, USDJPY, etc., and want automatic exchange rate handling

Let me know if you'd like to:

Set different risk percentages per account

Show risk in dollars

Hide accounts with 0 balance automatically

4 hari lalu

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Updated the error on nzdusd pari runtime error usd:usd