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Trading TP SL Risk Commission Calculator

๐ŸŽ‰ Introducing Your Trading TP SL Risk Commission Calculator! ๐ŸŽ‰

Hey there, savvy trader! ๐Ÿš€ Are you looking to enhance your trading game? Meet the Trading TP SL Risk Commission Calculator! This handy tool is here to guide you through the complexities of trading, providing insights into your potential risks and rewards. Let's walk through how you can leverage it for smarter trading decisions!

Setting Up ๐Ÿ› 
Let's get your calculator ready for action:

Lines and Labels Visibility: Flip this switch on to see your Entry, Take Profit (TP), Stop Loss (SL), and Liquidation points displayed on your chart. It's a great way to get a visual summary of your strategy.

Input Your Trade Details: Enter your Entry Price, Take Profit Price, and Stop Loss Price. These figures are crucial for mapping out your trade.

Order Info: Specify your Order Size in USD, the amount of Leverage you're using, and your platform's Commission Rate. This customizes the calculator to fit your unique trading setup.

Customizing Your View ๐ŸŽจ
Table Placement & Size: Pick the location and size for your results table to appear on your screen. Tailor it to your liking, whether you prefer it out of the way or front and center.
Deciphering Your Results ๐Ÿ“Š
With your inputs in place, the calculator springs into action. Here's what you'll find:

Risk Assessment (with Emojis!): Quickly gauge your risk level with our intuitive emoji system, ranging from "โ›”๏ธโ›”๏ธโ›”๏ธ" (very high risk) to "โœ…โœ…โœ…" (very low risk).

Profit and Loss Insights: Understand your potential take-profit gains and stop-loss implications, both as percentages and in USD. We also factor in fees to give you a clear picture.

Liquidation Alert: For those using leverage, the liquidation price calculation is crucial to avoid unpleasant surprises.

Expert Tips ๐Ÿ’ก
Stay Flexible: Market conditions evolve, so should your strategy. Revisit and adjust your inputs regularly to stay aligned with your trading goals.

Risk Emoji Check: Keep an eye on your risk level emojis. A sea of "โ›”๏ธ" might signal it's time to reassess your approach.

Use Visual Guides: The on-chart lines and labels offer a quick visual reference to how your current trade measures up against your TP, SL, and liquidation thresholds.

Dive In and Trade Smart! ๐Ÿšฆ
This calculator isn't just about making calculations; it's about empowering you to make informed trading decisions. With this tool in your arsenal, you're equipped to navigate the trading waters with confidence and clarity.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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