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Stop Loss & Position Size Calculator
# Stop Loss & Position Size Calculator
This indicator is designed to help futures traders manage risk by visualizing stop loss levels based on their maximum risk amount, contract type, and position size.
The indicator calculates where your stop loss would be placed depending on how many contracts you want to trade. This allows you to quickly see the relationship between your entry price, stop loss distance, and dollar risk.
## Features
* Supports multiple futures contracts:
* MNQ (Micro Nasdaq)
* NQ (Nasdaq)
* MES (Micro S&P 500)
* ES (S&P 500)
* MYM (Micro Dow Jones)
* YM (Dow Jones)
* Custom contracts
* Automatic point value calculation
* Custom point value option
* Long and Short trading direction
* Adjustable maximum risk amount
* Adjustable number of contracts displayed
* Custom colors for lines and labels
* Adjustable line extension settings
## Settings Explained
### Contract
Select the futures contract you are trading. The indicator automatically uses the correct dollar value per point.
If you are using another instrument, select **Custom** and enter the correct point value manually.
### Maximum Risk ($)
Enter the maximum amount of money you are willing to risk on the trade.
Example:
* Risk: $350
* MNQ point value: $2 per point
The indicator calculates the stop distance for each contract size.
### Trade Direction
Select:
* Long: Stop loss levels are calculated below the entry price.
* Short: Stop loss levels are calculated above the entry price.
### Entry Price
Enter your planned entry price.
If left at 0, the indicator automatically uses the current market price.
### Maximum Contracts Shown
Choose how many contract scenarios you want to display.
Example:
* 1 contract
* 2 contracts
* 3 contracts
This allows you to compare different position sizes quickly.
## Line Extension Settings
You can adjust how far the stop loss levels are displayed on the chart.
Options:
* Right Only: Shows levels only forward from the current price.
* Left + Right: Extends levels in both directions.
* Left Only: Extends levels backwards for historical analysis.
* Fixed Candles: Choose your own number of candles.
## How To Use
1. Select your futures contract.
2. Enter your maximum risk amount.
3. Choose Long or Short.
4. Enter your planned entry price.
5. Review the calculated stop loss levels for different contract sizes.
The indicator is intended as a risk management tool and should be combined with your own trading strategy, market analysis, and trade setup.
Always verify contract specifications and point values before trading live.
This indicator is designed to help futures traders manage risk by visualizing stop loss levels based on their maximum risk amount, contract type, and position size.
The indicator calculates where your stop loss would be placed depending on how many contracts you want to trade. This allows you to quickly see the relationship between your entry price, stop loss distance, and dollar risk.
## Features
* Supports multiple futures contracts:
* MNQ (Micro Nasdaq)
* NQ (Nasdaq)
* MES (Micro S&P 500)
* ES (S&P 500)
* MYM (Micro Dow Jones)
* YM (Dow Jones)
* Custom contracts
* Automatic point value calculation
* Custom point value option
* Long and Short trading direction
* Adjustable maximum risk amount
* Adjustable number of contracts displayed
* Custom colors for lines and labels
* Adjustable line extension settings
## Settings Explained
### Contract
Select the futures contract you are trading. The indicator automatically uses the correct dollar value per point.
If you are using another instrument, select **Custom** and enter the correct point value manually.
### Maximum Risk ($)
Enter the maximum amount of money you are willing to risk on the trade.
Example:
* Risk: $350
* MNQ point value: $2 per point
The indicator calculates the stop distance for each contract size.
### Trade Direction
Select:
* Long: Stop loss levels are calculated below the entry price.
* Short: Stop loss levels are calculated above the entry price.
### Entry Price
Enter your planned entry price.
If left at 0, the indicator automatically uses the current market price.
### Maximum Contracts Shown
Choose how many contract scenarios you want to display.
Example:
* 1 contract
* 2 contracts
* 3 contracts
This allows you to compare different position sizes quickly.
## Line Extension Settings
You can adjust how far the stop loss levels are displayed on the chart.
Options:
* Right Only: Shows levels only forward from the current price.
* Left + Right: Extends levels in both directions.
* Left Only: Extends levels backwards for historical analysis.
* Fixed Candles: Choose your own number of candles.
## How To Use
1. Select your futures contract.
2. Enter your maximum risk amount.
3. Choose Long or Short.
4. Enter your planned entry price.
5. Review the calculated stop loss levels for different contract sizes.
The indicator is intended as a risk management tool and should be combined with your own trading strategy, market analysis, and trade setup.
Always verify contract specifications and point values before trading live.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.