Hey fellow traders! If you’re looking to get your risk management game on point, you’ve come to the right place. This nifty Position Size Calculator is exactly what you need to determine the perfect lot size tailored to your percentage risk and stop loss.
The beauty of this tool lies in its flexibility. You can set your stop loss using either the Average True Range (ATR) ratio or a fixed size in points. It’s designed to work seamlessly with the MT4 platform, and it handles Points like a champ—just remember, 10 Points equals 1 Pip. This makes it ideal for currency pairs, indices, and commodities.
Let’s take a look at how it performs with some real charts:
On the EURAUD Currency Pair H4 Chart
On the US500 Index H1 Chart
With this Position Size Calculator in your toolkit, you’ll be better equipped to manage your trades and minimize risk. Happy trading!
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