OPEN-SOURCE SCRIPT
Bitmex Position Size Calculator
This script calculates the position size for a specified amount of exposure. Simply specify your wallet size and the amount of your bankroll that you wish to risk in a trade, and this script will calculate the number of contracts.
The aim of this script is to make sure you don't overleverage yourself and consistently trade the required size.
The script will calculate three position sizes:
1. Position size if you want to use a specific EMA as stoploss.
2. Position size if you want to use the ATR multiplied by a specified factor as stoploss.
3. Position size if you want to use the Parabolic SAR as stoploss.
I will update this script as I think of more ways to optimally set a stoploss.
The aim of this script is to make sure you don't overleverage yourself and consistently trade the required size.
The script will calculate three position sizes:
1. Position size if you want to use a specific EMA as stoploss.
2. Position size if you want to use the ATR multiplied by a specified factor as stoploss.
3. Position size if you want to use the Parabolic SAR as stoploss.
I will update this script as I think of more ways to optimally set a stoploss.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.