This tool calculates your position size based on the ATR.
Caution: You MUST convert the capital amount into the same currency as the instrument you are trading before inputting it into the calculator.
Ex) Assume your capital is in USD... Ex) GBP/JPY >>> So convert 10,000 USD capital into JPY. Ex) BTC/USD >>> No conversion necessary. Ex) Apple stock traded on US stock exchange; AAPL/USD >>> Capital must be in USD; thus, no conversion necessary. Ex) WTI Oil/USD >>> Capital is already in USD, no conversion necessary.
Hopefully this helps, if your confused about the conversion process, message me or comment below.
Feel free to follow me, and happy trading guys!
Release Notes
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Calculation is now rounded to the nearest unit. (Ex: 89 instead of 89.01)