Description
The Risk-Based Futures Position Sizer automates the calculation of the number of contracts based on your risk tolerance.
Consistently risking a small percentage of your account on each trade (like 1–2%) greatly improves your ability to handle drawdowns.
This tool automatically calculates your order size based on your chosen risk percentage, account balance, margin requirements, and stop placement. You can set your stop wherever you want—such as at swing highs or lows—and the tool will determine the correct number of contracts for you, keeping you within your risk limits.
Targets are set automatically as multiples of your stop distance (like 2:1 or 2.5:1), with up to five adjustable targets available.
The custom study handles all the calculations, so you don’t need to use external websites or spreadsheets to figure out position size. With on-chart trading, you simply place your entries and stops, and the system calculates everything for you—making trade entry quick and easy.
For example, just move your mouse to where you want your stop, right-click, and the system will enter a market order in the correct direction with the right number of contracts. No need to specify buy or sell; the tool figures it out based on your stop placement.
With the Order Size Calculator, you can focus on trading while staying disciplined with your risk management—saving time and boosting productivity.
