Hello traders,
I'm looking for an indicator/script/expert that do this:
- Takes the value of ADR(average daily range) for a certain number of days and calculates a percentage of this value that is used for Stop Loss;
- To this Stop Loss and Balance, calculate the lot size by setting a percentage of risk.
For example, in the picture below:
- ADR = 91.6 for 30 days;
- Sell Loss in this case is 15% of ADR = 13.7 points;
- Volume of order based on account size, risk (1%) and Stop Loss (13.7) = 0.02 lots.
If anyone can do it, I'll be grateful. Must have option to set location by (x, y), color and font size. Only 2 lines needed just like picture below.
From everything in the picture only ADR calculates for me automatically and I can not calculate the stop and lot constantly ... I can but, but it is slow for all 28 pairs that i trade.
The goal is to risk same money for each currency pair.
IMO indicator must have these inputs:
- Balance;
- RISK for trade;
- ADR period;
- distance x;
- distance y;
- font color;
- font size;
- font style.
Must have only to rows with data. Just like in picture, in the green rectangle. Only without this "15%" before SL=15. I write this to just to remember.
The two rows must looks like this:
Lot: 0.00
SL: 00.0
or
Lot: 0.25
SL: 13.5
or
Lot 2
SL 100
SL in pips, not points.
Best Regards!
I'm looking for an indicator/script/expert that do this:
- Takes the value of ADR(average daily range) for a certain number of days and calculates a percentage of this value that is used for Stop Loss;
- To this Stop Loss and Balance, calculate the lot size by setting a percentage of risk.
For example, in the picture below:
- ADR = 91.6 for 30 days;
- Sell Loss in this case is 15% of ADR = 13.7 points;
- Volume of order based on account size, risk (1%) and Stop Loss (13.7) = 0.02 lots.
If anyone can do it, I'll be grateful. Must have option to set location by (x, y), color and font size. Only 2 lines needed just like picture below.
From everything in the picture only ADR calculates for me automatically and I can not calculate the stop and lot constantly ... I can but, but it is slow for all 28 pairs that i trade.
The goal is to risk same money for each currency pair.
Attached Image
IMO indicator must have these inputs:
- Balance;
- RISK for trade;
- ADR period;
- distance x;
- distance y;
- font color;
- font size;
- font style.
Must have only to rows with data. Just like in picture, in the green rectangle. Only without this "15%" before SL=15. I write this to just to remember.
The two rows must looks like this:
Lot: 0.00
SL: 00.0
or
Lot: 0.25
SL: 13.5
or
Lot 2
SL 100
SL in pips, not points.
Best Regards!
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