Sonarlab

Position -/ lot size calculator - Sonarlab

Sonarlab Premium Updated   
Calculating a lot size in MetaTrader is normally not a quick task, but it is a very important one.

MetaTrader doesn't offer a fast way to calculate the position size, so, usually, a trader needs to manually perform several calculations.

When you are submitting an order, you are already supposed to know and type in the lot size for the trade. It can be frustrating to calculate - that's why we made this tool to speed up the process a little. Now you can also see your P/L live and calculate the lot size within seconds straight from Tradingview.

Usage:
Step 1: Set your entry price
Step 2: Set your stop loss
Step 3: Set your Target
Step 4: Choose the symbol, forex will be automatically detected
Step 5: Fill in your balance and set your risk settings

Parameters
- Set symbol: Forex (auto detection), US100, US30, BTC , XAUUSD , NGAS, XBRUSD, XTIUSD, AUS200 , US500
- Account balance
- Risk in %
- Contract size
- Levels: Stop loss, Entry, Target 1, Target 2, Target 3
- Display settings for the Trading Panel

Trading panel
- Show Live P/L
- Show Risk to reward
- Show lot size
- Show risk in %
- Show account balance
- Show money at risk (no commissions included)
Release Notes: Small bug fixed in RR calculation
Release Notes: - Minor Changes

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?