OPEN-SOURCE SCRIPT
ATR Position Size & Risk Manager fixed-% risk per trade
Position sizing tool: risk a fixed % of your account with an ATR-based stop
and see entry / stop-loss / take-profit levels plus exact size in a table.
Built for prop-firm traders (FTMO, FundedNext style daily-loss rules) and for
anyone who sizes by volatility instead of guessing lot sizes.
HOW IT WORKS:
- Stop distance = ATR × multiplier (default 1.5)
- Size = (balance × risk%) ÷ (stop distance in ticks × tick value)
- Take profit drawn at your chosen R:R (default 2R)
- Long or Short direction toggle
INPUTS: account balance, risk % per trade, ATR length, ATR multiplier, R:R,
direction, show/hide lines.
Honest note: tick value is an approximation for pairs whose counter currency
differs from your account currency — verify the first trade on demo.
and see entry / stop-loss / take-profit levels plus exact size in a table.
Built for prop-firm traders (FTMO, FundedNext style daily-loss rules) and for
anyone who sizes by volatility instead of guessing lot sizes.
HOW IT WORKS:
- Stop distance = ATR × multiplier (default 1.5)
- Size = (balance × risk%) ÷ (stop distance in ticks × tick value)
- Take profit drawn at your chosen R:R (default 2R)
- Long or Short direction toggle
INPUTS: account balance, risk % per trade, ATR length, ATR multiplier, R:R,
direction, show/hide lines.
Honest note: tick value is an approximation for pairs whose counter currency
differs from your account currency — verify the first trade on demo.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
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 PulseWire. Read more in the Terms of Use.