Looking for BUY/SELL script with lot size calculator.
Example:
BUY/SELL 2% based on previous candle's HIGH/LOW.
If HIGH/LOW is above 50 pips we devide by 2. So SL would be 25 pips. if hits our SL of 25 pips we lose 2%.
If HIGH/LOW is below 49 pips we stick with the 49 pips instead of deviding.
Attaching a screenshot...
Two red lines represents the openning a trade and SL.
69pips between the Openning trade and previous candle's High. It is above 50 pips so we devide by 2 which we will get around 34 pips of Stop Loss.
If our balance is 200$ then we risk 2% =4$ for 34 pips.
I hope I was clear
Example:
BUY/SELL 2% based on previous candle's HIGH/LOW.
If HIGH/LOW is above 50 pips we devide by 2. So SL would be 25 pips. if hits our SL of 25 pips we lose 2%.
If HIGH/LOW is below 49 pips we stick with the 49 pips instead of deviding.
Attaching a screenshot...
Two red lines represents the openning a trade and SL.
69pips between the Openning trade and previous candle's High. It is above 50 pips so we devide by 2 which we will get around 34 pips of Stop Loss.
If our balance is 200$ then we risk 2% =4$ for 34 pips.
I hope I was clear