Position Sizer (FinPip)

Position Sizer (FinPip)

The Position Sizer (FinPip) indicator is a crucial, all-in-one risk management tool designed to calculate the precise trade size required to limit your risk to a predetermined percentage of your total account capital.

This indicator helps you consistently execute sound risk management, regardless of the instrument's volatility or the trade's price levels.

Key Features:

Calculates Position Size: Based on your configurable Account Capital, desired Risk Percentage (default 2.5%), and the price distance between your Entry and Stop-Loss levels.

Visual Trade Planning: Plots three clear levels directly on the chart for easy visualization:

Entry Price (Blue)

Stop-Loss Price (SL) (Red)

Profit Target (Lime Green, calculated using the Reward:Risk Ratio).

Custom Risk Management: Easily adjust the Risk Percentage and the Reward:Risk Ratio (default 4.0) in the indicator's settings.

Heads-Up Display (HUD): A clean, fixed table in the bottom-left corner of the chart clearly displays all calculated metrics, including your Required Position Size (in units/shares/contracts), Risk Amount, and Potential Profit.

How to Use:

Enter your Account Capital and desired Risk % in the settings panel.

Set your desired Entry Price and Stop-Loss Price.

The indicator immediately calculates and displays the exact number of units you need to trade to maintain your risk limit.