Session ATR Risk ToolSession ATR Risk Tool
## Overview
The Session ATR Risk Tool is a discretionary **risk-management and trade-planning overlay**. It sizes a stop loss from market volatility, projects fixed reward-to-risk targets (1:1, 1:2, 1:3), and draws a standard-deviation ladder so you can see your full trade geometry on the chart before you enter. It also estimates a contract count from a fixed dollar risk, and prints a context table of intraday, daily and weekly volatility.
It is built and tuned for Micro E-mini Nasdaq-100 (MNQ) intraday trading, but every parameter is exposed as an input, so it works on any symbol once you set the correct point value.
This tool does **not** generate buy/sell signals and makes no claim about win rate or profitability. It is a visualization and planning aid only.
## What makes it different
Most reward-to-risk tools place lines a fixed number of ticks or a single ATR away. This tool adds three things in one package:
1. **Two selectable stop engines.** The stop distance can be derived from either the chart-timeframe ATR (small, realistic intraday stops) or from a rolling average of completed *session* ranges (swing-sized stops). You choose which volatility regime sizes your risk.
2. **A standard-deviation ladder denominated in your own stop distance.** Instead of arbitrary fib or price-percent levels, each rung is a multiple (−0.5, 1, 2, 3, 4 by default, all editable) of the exact ATR-based stop distance, projected from entry. One "sd" on the chart always equals one unit of the risk you are actually taking.
3. **A volatility context table.** Intraday ATR, averaged session range, daily ATR(14) and weekly ATR(14) are shown side by side so the chosen stop can be judged against higher-timeframe volatility at a glance.
## How it works
- **Session range capture.** The script tracks the high and low of each completed session window (default 09:30–16:00 exchange time) and stores the high-low range. It keeps a rolling buffer of the most recent N sessions (default 10) and averages them to produce a "session ATR" in points.
- **Intraday ATR.** A standard ATR of configurable length is calculated on the chart timeframe for scalp-sized stops.
- **Stop distance.** `Stop distance = chosen basis × ATR multiplier`, where the basis is either the intraday ATR or the averaged session range. The multiplier lets you tighten or widen the stop.
- **Trade geometry.** From the entry price (live price by default, or a fixed price you type in) and the trade direction, the tool places the stop one stop-distance against you, then projects targets at 1×, 2× and 3× the stop distance for clean 1:1 / 1:2 / 1:3 reward-to-risk.
- **Standard-deviation ladder.** Each ladder rung is plotted at `entry + direction × stop distance × deviation`, giving an evenly scaled map of where price sits relative to your risk unit.
- **Position-size estimate.** Dollar risk per contract = stop distance × point value. Estimated contracts = floor(risk per trade ÷ dollar risk per contract). This is an arithmetic estimate for planning, not an order-routing instruction.
- **Higher-timeframe context.** Daily and weekly ATR(14) are pulled from confirmed higher-timeframe bars (non-repainting) for the context table.
All levels are drawn as faded horizontal rays anchored to the bar grid, so they stay locked to the candles when you pan or zoom. Drawings rebuild on the most recent bar to keep the chart clean.
## How to use it
1. Add the tool to an intraday chart of the instrument you trade.
2. Set **$ per Point** for your instrument (MNQ = 2.0, NQ = 20.0, MES = 5.0, etc.) and your **Risk per Trade ($)**.
3. Choose your **Stop Basis** — "Intraday ATR" for scalps and intraday entries, "Session Range" for wider, swing-style stops.
4. Adjust the **ATR Multiplier** to set how far the stop sits from entry. As a starting guide, roughly 1.0–2.0× with Intraday ATR on a 1–5 minute chart; if using Session Range, scale the multiplier down (around 0.10–0.20×) because the session range is much larger.
5. Set **Trade Direction** (Long or Short). Leave **Entry Price** at 0 to anchor the levels to live price, or type your actual fill price to lock the geometry in place after entry.
6. Read your plan off the chart: the Stop, the 1:1 / 1:2 / 1:3 targets, the standard-deviation ladder, and the info table showing the stop in points and dollars plus an estimated contract count.
## Inputs
- **Session Window / Sessions to Average** — defines the session and how many completed sessions feed the averaged session range.
- **Stop Basis / Intraday ATR Length / ATR Multiplier** — select and tune the volatility source for the stop.
- **Trade Direction / Entry Price** — direction toggle and optional fixed entry.
- **$ per Point / Risk per Trade ($)** — instrument tick value and account risk used for the size estimate.
- **SDev Ladder deviations** — the five editable ladder multiples.
- **Visual controls** — ray length back/forward, table toggle, and colors for up, down and entry levels.
## Notes and limitations
- The contract-count figure is an arithmetic estimate from your inputs. It is not connected to a broker and places no orders. Always confirm size and risk in your own platform.
- "Session ATR" here means the averaged high-low **range** of recent sessions, not a true-range calculation; it is intentionally a wider, regime-level measure.
- Higher-timeframe ATR values use confirmed bars to avoid repainting.
- Reward-to-risk targets are fixed geometric projections; they are not predictions of price reaching those levels.
- This script is a planning and visualization tool only. It is not financial advice and does not guarantee any outcome. Indicator
Indicator
ATR Precision Stop Loss | BocchiTheTrader ATR Precision Stop Loss | BocchiTheTrader
Precision Risk Management for Professional Traders
The BocchiTheTrader | ATR Precision SL is a high-performance volatility tracking tool designed to protect capital and optimize exit points. Unlike basic stop-loss scripts that only look at closing prices, this indicator utilizes the extremes of market action to provide a "safety buffer" that respects price volatility.
How It Works & The Methodology
The indicator calculates market noise using the Average True Range (ATR). To provide the most "optimal" stop-loss level, it anchors its calculations to the High and Low of each candle rather than the Close. This ensures that the stop loss stays outside the reach of common price spikes and liquidity hunts (wicks).
The Formula
The mathematical model behind the indicator is as follows:
For Long Positions: Long_SL = Low - (ATR_{length} \times Multiplier)$
For Short Positions: Short_SL = High + (ATR_{length} \times Multiplier)$
By subtracting the volatility from the Low (in longs) and adding it to the High (in shorts), the script creates a dynamic zone that adapts to the current market expansion or contraction.
Key Features
Wick-Aware Protection: Uses High/Low anchors to prevent premature stop-outs caused by market noise.
Triple Direction Logic: Switch between Long, Short, or Long + Short modes to visualize both sides of the market volatility simultaneously.
ATR Precision Stop Loss | BocchiTheTrader
Profesyonel Yatırımcılar İçin Hassas Risk Yönetimi
BocchiTheTrader | ATR Precision SL, sermayeyi korumak ve çıkış noktalarını optimize etmek için tasarlanmış yüksek performanslı bir volatilite takip aracıdır. Sadece kapanış fiyatlarına odaklanan standart stop-loss araçlarının aksine, bu gösterge piyasa hareketlerinin uç noktalarını kullanarak fiyat oynaklığına saygı duyan bir "güvenlik tamponu" oluşturur.
Nasıl Çalışır ve Metodoloji
Gösterge, piyasa gürültüsünü Average True Range (ATR) kullanarak hesaplar. "En uygun" stop-loss seviyesini belirlemek için hesaplamalarını Kapanış (Close) yerine her mumun En Yüksek (High) ve En Düşük (Low) değerlerine sabitler. Bu, stop seviyenizin fiyat iğnelerinden (fitillerden) ve likidite avlarından korunmasını sağlar.
Kullanılan Formül
Göstergenin arkasındaki matematiksel model şöyledir:
Long Pozisyonlar İçin: Long_SL = Low - (ATR_{length} \times Multiplier)$
Short Pozisyonlar İçin: Short_SL = High + (ATR_{length} \times Multiplier)$
Volatiliteyi Düşük seviyeden çıkararak (long) veya Yüksek seviyeye ekleyerek (short), script piyasadaki genişleme veya daralmaya uyum sağlayan dinamik bir koruma bölgesi yaratır.
Öne Çıkan Özellikler
İğne Korumalı Yapı: Piyasa gürültüsünün neden olduğu erken stop-out durumlarını önlemek için High/Low referanslarını kullanır.
Üç Yönlü Mantık: Piyasa volatilitesinin her iki tarafını aynı anda görmek için Long, Short veya Long + Short modları arasında geçiş yapın.
BocchiTheTrader
Indicator
Indicator
Risk & Reward Position PlannerDescription
This script is a trade architecture tool designed to help traders calculate position sizes and visualize risk-reward ratios dynamically on the chart. It focuses on functional precision and clean aesthetics, offering two distinct visual styles: "Cyber" for modern high-tech charts and "Classic" for a traditional look.
Key Features
Interactive Setup: Upon adding the script or resetting, it prompts you to click directly on the chart to set your Entry and Stop Loss levels.
Dynamic Position Sizing: Calculates the total risk in currency (USD) based on your custom unit size.
Multi-Target Planning: Visualizes four customizable Take Profit targets based on specific RR ratios.
Cyber UI Aesthetics: Full control over colors, neon glow effects, and horizontal alignment to fit any chart layout.
Comprehensive Data: Displays price, percentage distance, currency risk, and RR ratios at a single glance.
User Guide (How to use)
To ensure the most efficient workflow, here are the essential steps for operating the tool:
Setting a New Trade (Resetting)
If you change your symbol or want to plan a completely new trade, you can clear the current setup and trigger the interactive selection again:
Right-click on the indicator in the chart OR click the three dots (...) next to the indicator name in the legend.
Select "Reset Points".
The indicator will prompt you to click two new points on the chart: first for the Entry, then for the Stop Loss.
Moving Entry and Stop Loss
Move the mouse over the line of the Entry or the StopLoss and grab the grip of the line to move it up or down. Drop it to the price you want to set. Indicator
Live Position Sizer (LPS)Description (EN)
(Magyar leíráshoz görgess lejjebb!)
Live Position Sizer (LPS) is a discretionary trading utility designed to visualize risk, reward, and position size directly on the chart in real time.
The indicator draws a PulseWire-style long or short position box and calculates the required position size based on your defined capital, maximum risk, stop-loss distance, and a user-defined lot conversion factor.
LPS is intended strictly as a decision-support and risk management tool. It does not place trades or generate automated signals.
Core features:
Automatic Long / Short position visualization
Dynamic Entry, Stop Loss, and Take Profit levels
Real-time position size calculation
Configurable Risk/Reward ratio
Fully customizable colors, transparency, and line styles
Clean, minimal on-chart labels showing direction, RR, and lot size
Only one active position box at a time for a clutter-free chart
Position sizing logic:
PulseWire internally calculates position size in units, not broker-specific lots.
To bridge this difference, LPS uses a user-defined “Units per 1 Lot” multiplier.
Examples:
Forex (standard lot): 100000
Gold (XAUUSD): 1 or 100 (broker dependent)
Indices (e.g. NAS100): 1
The indicator first calculates the position size in PulseWire units and then converts it to lots using this multiplier.
The displayed lot size is rounded to 0.01 lots.
Stop Loss logic:
The Stop Loss level is derived from the High or Low of a selectable previous candle.
Increasing the bar-back value places the Stop Loss further away, which:
increases stop distance
reduces position size for the same risk
Intended use:
Manual / discretionary trading
Risk management and position sizing
Trade planning and visualization
Educational purposes
Important notes:
This indicator does not execute trades
No alerts or automation by default
Lot size and contract specifications vary by broker
Always verify the exact lot or contract size with your broker before trading
------------------------------------
Description (HU)
A Live Position Sizer (LPS) egy diszkrecionális kereskedést támogató segédindikátor, amely valós időben jeleníti meg a kockázatot, a célárat és a pozícióméretet közvetlenül a charton.
Az indikátor PulseWire-stílusú long vagy short pozíció boxot rajzol, és kiszámolja a szükséges pozícióméretet a megadott tőke, maximális kockázat, stop-loss távolság és egy felhasználó által definiált LOT szorzó alapján.
Az LPS nem stratégia, kizárólag döntéstámogató és kockázatkezelési eszköz.
Fő funkciók:
Automatikus Long / Short pozíció megjelenítés
Entry, Stop Loss és Take Profit szintek vizuális ábrázolása
Valós idejű pozícióméret számítás
Állítható Risk/Reward arány
Teljesen testreszabható színek, átlátszóság és vonalstílus
Letisztult chart label (irány, RR, lot méret)
Egyszerre csak egy aktív pozíció box
Pozícióméretezési logika:
A PulseWire belsőleg egységekben (units) számol, nem bróker-specifikus LOT-okban.
Ennek kezelésére az LPS egy „Units per 1 Lot” beállítást használ.
Példák:
Forex standard lot: 100000
Arany (XAUUSD): 1 vagy 100 (brókertől függ)
Indexek (pl. NAS100): 1
Az indikátor először PulseWire egységekben számol, majd ezt átváltja LOT-ra a megadott szorzó segítségével.
A kijelzett LOT méret 0.01-re van kerekítve.
Stop Loss logika:
A Stop Loss szint a kiválasztott korábbi gyertya high vagy low értékéből kerül meghatározásra.
Nagyobb bar-back érték:
távolabb helyezi a stopot
azonos kockázat mellett kisebb pozícióméretet eredményez
Ajánlott felhasználás:
Manuális, diszkrecionális kereskedés
Kockázatkezelés és pozícióméretezés
Trade tervezés
Oktatási célok
Fontos megjegyzések:
Az indikátor nem köt automatikusan
Alapértelmezetten nincs alert vagy automatizmus
A LOT és contract méret brókerenként eltérhet
Kereskedés előtt mindig ellenőrizd a pontos LOT / contract specifikációt a brókerednél
Indicator
Simple Risk-to-Reward (R) Indicator (TP1–TP2)What this indicator does:
This tool helps traders clearly visualize their risk and reward on any trade by plotting their entry, stop loss, and take-profit (TP) levels directly on the chart. It’s designed to make manual trade planning more visual and systematic.
How it works:
You set your planned entry price, whether you want to plot a Long or Short setup, and your stop-loss distance (in ticks).
The indicator calculates your stop-loss level and automatically plots it on the chart.
It then draws take-profit levels at 1R and 2R (where “R” is your risk, the distance between entry and stop).
You can toggle the TP1 and TP2 lines on or off to suit your preference.
How to use it:
Open the settings and enter your intended entry price.
Select “Long Setup” for a buy trade, or turn it off for a sell/short trade.
Enter your desired stop loss in ticks.
Choose which take-profit levels to display by toggling TP1 and TP2.
The indicator will show entry, stop, and take-profit levels right on your chart so you can easily see your planned risk/reward.
What makes it unique and useful:
This indicator is designed for manual trade planning, giving you full control over your inputs and letting you instantly see your risk/reward on any instrument or timeframe. Unlike some built-in tools, it supports both long and short trades, lets you set all levels manually, and keeps your charts clean and easy to interpret. Indicator
Indicator
ATR-based TP/SL with Dynamic RREnglish
This indicator combines the power of the Average True Range (ATR) with dynamic calculations for Take Profit (TP) and Stop Loss (SL) levels, offering a clear visualization of trading opportunities and their respective Risk-Reward Ratios (RRR).
Features:
Dynamic TP/SL Calculation:
TP and SL levels are derived using user-defined ATR multipliers for precise positioning.
Multipliers are flexible, allowing traders to adjust according to their strategies.
Risk-Reward Ratio (RRR):
Automatically calculates and displays the RRR for each trade signal.
Helps traders quickly assess if a trade aligns with their risk management plan.
Entry Conditions:
Buy signals occur when the closing price crosses above the 20-period Simple Moving Average (SMA).
Sell signals occur when the closing price crosses below the 20-period SMA.
Visual Aids:
Red and green lines indicate Stop Loss and Take Profit levels.
Blue and orange labels show the RRR for long and short trades, respectively.
How It Works:
The indicator uses the ATR to calculate TP and SL levels:
TP: Adjusted based on the desired Risk-Reward Ratio (RR).
SL: Proportional to the ATR multiplier.
Entry signals are plotted with "BUY" or "SELL" markers, while the respective TP/SL levels are drawn as horizontal lines.
Why Use This Indicator?
Perfect for traders who value precise risk management.
Helps identify trades with favorable RRR (e.g., greater than 1.5 or 2.0).
Ideal for swing traders, day traders, and scalpers looking to automate their decision-making process.
Customization:
ATR Length: Control the sensitivity of ATR-based calculations.
ATR Multipliers: Set the TP and SL distances relative to the ATR.
Desired RRR: Define the risk/reward ratio you aim to achieve.
Important Notes:
The indicator does not place trades automatically; it is for visual and analytical purposes.
Always backtest and combine it with additional analysis for best results.
French
Cet indicateur combine la puissance de l’Average True Range (ATR) avec des calculs dynamiques pour les niveaux de Take Profit (TP) et de Stop Loss (SL), tout en offrant une visualisation claire des opportunités de trading et de leurs Ratios Risque/Rendement (RRR).
Fonctionnalités :
Calcul Dynamique des TP/SL :
Les niveaux de TP et SL sont calculés à l'aide de multiplicateurs ATR définis par l’utilisateur pour une position précise.
Les multiplicateurs sont personnalisables pour s'adapter à votre stratégie de trading.
Ratio Risque/Rendement (RRR) :
Calcule et affiche automatiquement le ratio RRR pour chaque signal de trade.
Permet aux traders d’évaluer rapidement si un trade correspond à leur plan de gestion des risques.
Conditions d'Entrée :
Les signaux d'achat apparaissent lorsque le prix de clôture traverse au-dessus de la moyenne mobile simple (SMA) à 20 périodes.
Les signaux de vente apparaissent lorsque le prix de clôture traverse en dessous de la SMA à 20 périodes.
Aides Visuelles :
Lignes rouges et vertes pour indiquer les niveaux de Stop Loss et de Take Profit.
Étiquettes bleues et orange pour afficher le RRR des trades longs et courts, respectivement.
Comment Cela Fonctionne :
L'indicateur utilise l’ATR pour calculer les niveaux TP et SL :
TP : Calculé dynamiquement en fonction du ratio risque/rendement souhaité (RRR).
SL : Proportionnel au multiplicateur ATR défini par l’utilisateur.
Les signaux d’entrée sont représentés par des étiquettes "BUY" ou "SELL", tandis que les niveaux de TP/SL sont tracés sous forme de lignes horizontales.
Pourquoi Utiliser Cet Indicateur ?
Idéal pour les traders soucieux d’une gestion rigoureuse des risques.
Identifie les opportunités de trades avec des RRR favorables (par exemple, supérieurs à 1.5 ou 2.0).
Convient aux swing traders, day traders et scalpeurs souhaitant automatiser leur processus de décision.
Personnalisation :
Longueur de l’ATR : Contrôlez la sensibilité des calculs basés sur l’ATR.
Multiplicateurs ATR : Ajustez les distances TP et SL par rapport à l’ATR.
Ratio RRR souhaité : Définissez le ratio risque/rendement que vous visez.
Remarques Importantes :
Cet indicateur n’exécute pas de trades automatiquement ; il est destiné à un usage visuel et analytique uniquement.
Toujours backtester et combiner avec une analyse supplémentaire pour de meilleurs résultats.
parametre par type de trading:
1. Pour les Scalpers :
Style de trading : Trades rapides sur de petites variations de prix, souvent sur des unités de temps courtes (1 min, 5 min).
Recommandations de paramètres :
ATR Length : 7 (plus court pour réagir rapidement à la volatilité).
Multiplicateur SL : 1.0 (Stop Loss proche pour limiter les pertes).
RR souhaité : 1.5 à 2.0 (bon équilibre entre risque et récompense).
Résultat attendu : Des trades fréquents, avec une probabilité raisonnable de toucher le TP tout en limitant les pertes.
2. Pour les Day Traders :
Style de trading : Trades qui durent plusieurs heures dans la journée, souvent sur des unités de temps moyennes (15 min, 1h).
Recommandations de paramètres :
ATR Length : 14 (standard pour capturer une volatilité modérée).
Multiplicateur SL : 1.5 (Stop Loss à distance raisonnable pour supporter les fluctuations intrajournalières).
RR souhaité : 2.0 à 3.0 (ciblez une bonne récompense par rapport au risque).
Résultat attendu : Moins de trades, mais un RR élevé pour compenser les pertes potentielles.
3. Pour les Swing Traders :
Style de trading : Trades qui durent plusieurs jours, souvent sur des unités de temps longues (4h, 1 jour).
Recommandations de paramètres :
ATR Length : 20 (pour capturer des mouvements de volatilité plus larges).
Multiplicateur SL : 2.0 (Stop Loss large pour supporter des fluctuations importantes).
RR souhaité : 3.0 ou plus (ciblez de gros mouvements de prix).
Résultat attendu : Des trades moins fréquents mais potentiellement très lucratifs.
4. Pour les Actifs Volatils (Crypto, Commodités) :
Problème spécifique : Les actifs volatils ont souvent des mouvements brusques.
Recommandations de paramètres :
ATR Length : 7 ou 10 (plus court pour suivre rapidement les variations).
Multiplicateur SL : 1.5 à 2.0 (assez large pour ne pas être déclenché prématurément).
RR souhaité : 1.5 à 2.0 (favorisez des récompenses réalistes sur des mouvements volatils).
Résultat attendu : Trades qui s’adaptent à la volatilité sans sortir trop tôt.
5. Pour les Marchés Stables (Indices, Actions Blue Chip) :
Problème spécifique : Les mouvements sont souvent lents et prévisibles.
Recommandations de paramètres :
ATR Length : 14 ou 20 (capture une volatilité modérée).
Multiplicateur SL : 1.0 à 1.5 (Stop Loss serré pour maximiser l’efficacité).
RR souhaité : 2.0 à 3.0 (ciblez des ratios plus élevés sur des mouvements moins fréquents).
Résultat attendu : Maximisation des profits sur des tendances claires.
Recommandation Générale :
Si vous ne savez pas par où commencer, utilisez ces paramètres par défaut :
ATR Length : 14
Multiplicateur SL : 1.5
RR souhaité : 2.0
Indicator
strategy_helpersThis library is designed to aid traders and developers in calculating risk metrics efficiently across different asset types like equities, futures, and forex. It includes comprehensive functions that calculate the number of units or contracts to trade, the value at risk, and the total value of the position based on provided entry prices, stop levels, and risk percentages. Whether you're managing a portfolio or developing trading strategies, this library provides essential tools for risk management. Functions also automatically select the appropriate risk calculation method based on asset type, calculate leverage levels, and determine potential liquidation points for leveraged positions. Perfect for enhancing the precision and effectiveness of your trading strategies.
Library "strategy_helpers"
Provides tools for calculating risk metrics across different types of trading strategies including equities, futures, and forex. Functions allow for precise control over risk management by calculating the number of units or contracts to trade, the value at risk, and the total position value based on entry prices, stop levels, and desired risk percentage. Additional utilities include automatic risk calculation based on asset type, leverage level calculations, and determination of liquidation levels for leveraged trades.
calculate_risk(entry, stop_level, stop_range, capital, risk_percent, trade_direction, whole_number_buy)
Calculates risk metrics for equity trades based on entry, stop level, and risk percent
Parameters:
entry (float) : The price at which the position is entered. Use close if you arent adding to a position. Use the original entry price if you are adding to a position.
stop_level (float) : The price level where the stop loss is placed
stop_range (float) : The price range from entry to stop level
capital (float) : The total capital available for trading
risk_percent (float) : The percentage of capital risked on the trade. 100% is represented by 100.
trade_direction (bool) : True for long trades, false for short trades
whole_number_buy (bool) : True to adjust the quantity to whole numbers
Returns: A tuple containing the number of units to trade, the value at risk, and the total value of the position:
calculate_risk_futures(risk_capital, stop_range)
Calculates risk metrics for futures trades based on the risk capital and stop range
Parameters:
risk_capital (float) : The capital allocated for the trade
stop_range (float) : The price range from entry to stop level
Returns: A tuple containing the number of contracts to trade, the value at risk, and the total value of the position:
calculate_risk_forex(entry, stop_level, stop_range, capital, risk_percent, trade_direction)
Calculates risk metrics for forex trades based on entry, stop level, and risk percent
Parameters:
entry (float) : The price at which the position is entered. Use close if you arent adding to a position. Use the original entry price if you are adding to a position.
stop_level (float) : The price level where the stop loss is placed
stop_range (float) : The price range from entry to stop level
capital (float) : The total capital available for trading
risk_percent (float) : The percentage of capital risked on the trade. 100% is represented by 100.
trade_direction (bool) : True for long trades, false for short trades
Returns: A tuple containing the number of lots to trade, the value at risk, and the total value of the position:
calculate_risk_auto(entry, stop_level, stop_range, capital, risk_percent, trade_direction, whole_number_buy)
Automatically selects the risk calculation method based on the asset type and calculates risk metrics
Parameters:
entry (float) : The price at which the position is entered. Use close if you arent adding to a position. Use the original entry price if you are adding to a position.
stop_level (float) : The price level where the stop loss is placed
stop_range (float) : The price range from entry to stop level
capital (float) : The total capital available for trading
risk_percent (float) : The percentage of capital risked on the trade. 100% is represented by 100.
trade_direction (bool) : True for long trades, false for short trades
whole_number_buy (bool) : True to adjust the quantity to whole numbers, applicable only for non-futures and non-forex trades
Returns: A tuple containing the number of units or contracts to trade, the value at risk, and the total value of the position:
leverage_level(account_equity, position_value)
Calculates the leverage level used based on account equity and position value
Parameters:
account_equity (float) : Total equity in the trading account
position_value (float) : Total value of the position taken
Returns: The leverage level used in the trade
calculate_liquidation_level(entry, leverage, trade_direction, maintenance_margine)
Calculates the liquidation price level for a leveraged trade
Parameters:
entry (float) : The price at which the position is entered
leverage (float) : The leverage level used in the trade
trade_direction (bool) : True for long trades, false for short trades
maintenance_margine (float) : The maintenance margin requirement, expressed as a percentage
Returns: The price level at which the position would be liquidated, or na if leverage is zero Library
Risk to Reward - FIXED SL BacktesterDon't know how to code? No problem! PulseWire is an excellent platform for you. ✅ ✅
If you have an indicator that you want to backtest using a risk-to-reward ratio or fixed take profit/stop loss levels, then the Risk to Reward - FIXED SL Backtester script is the perfect solution for you.
introducing Risk to Reward - FIXED SL Backtester Script which will allow you to test any indicator / Signal with RR or Fixed SL system
How does it work ?!
Once you connect the script to your indicator, it will analyze your entry points and perform calculations based on them. It will then open trades for you according to the specified inputs in the script settings.
HOW TO CONNECT IT to your indicator?
simply open your indicator code and add the below line of code to it
plot(Signal ? 100 : 0,"Signal",display = display.data_window)
Replace Signal with the long condition from your own indicator. You can also modify the value 100 to any number you prefer. After that, open the settings.
Once the script is connected to your indicator, you can choose from two options:
Risk To Reward Ratio System
Fixed TP/ SL System
🔸if you select the Risk to Reward System ⤵️
The Risk-to-Reward System requires the calculation of a stop loss. That's why I have included three different types of stop-loss calculations for you to choose from:
ATR Based SL
Pivot Low SL
VWAP Based SL
Your stop loss and take profit levels will be automatically calculated based on the selected stop loss method and your risk-to-reward ratio.
You can also adjust their values to match your desired risk level. The trades will be displayed on the chart.
with the ability to change their values to match your risk.
once this is done, trades will be displayed on the chart
🔸if you select the Fixed system ⤵️
You have 2 inputs, which are FIXED TP & Fixed SL
input the values you want, and trades will be on your chart...
I have also added a Breakeven feature for you.
with this Breakeven feature the trade will not just move SL to Entry ?! NO NO, it will place it above entry by a % you input yourself, so you always win! 🚀
Here is an example
Enjoy, and have fun, if you have any questions do not hesitate to ask
Strategy
Risk Reward Calculator [lovealgotrading]
OVERVIEW:
This Risk Reward Calculator strategy can help you maximize your RR value with help of algorithmic trading.
INDICATOR:
I wanted to setup my trades more easier with this indicator, I didn't want to calculate everytime before orders, with help this indicator we can calculate R:R value, avarage price, stoploss price, take-profit price, order prices, all position cost and more ...
Our strategy is a risk revard calculation indicator that is made easy to use by using visualized lines and panels, and also has algorithmic trading support.
With the help of this indicator, we can quickly and easily calculate our risk reward values and enter the positions.
If we want to ensure that our balance grows regularly while trading in the stock market, we need to manage the risks and rewards otherwise we may fall below our initial balance at the end of the day, even if we seem to be winning.
What is the Risk-Reward value ?
This value is a value that shows how many times the amount of risk we take when entering the position is successful, we will earn.
- For example, you risked $100 while entering the trade, so if your trade stops, you will lose 100 $.
Your Risk-Reward(RR) value is 2 means that if your position is successful, you will have 200 $ in your pocket.
A trader's success is determined by the amount of R he earns monthly or yearly, not how much money he makes.
What is different in this indicator ?
I want to say thank you to © EvoCrypto. His Calculator (weighted) – evo indicator helped me when I was developed my indicator.
I want to explain what I have improved:
1-In this strategy, we can determine the time period in which we want to open our positions.
2-We can open a maximum of 4 positions in the same direction and close our positions at a single level. StopLoss or TakeProfit
3-This indicator, which works in the form of a strategy, shows where our positions have been opened or closed. With the help of this, it helps us to determine our strategy in our future positions more accurately.
4-The most important improvement is that we do not miss our positions with the help of alarms (WEB HOOK). if we want, we receive by quickly connecting all these positions to our robot, the software can enter and exit the position while we are busy.
IMPLEMENTATION DETAILS – SETTINGS:
1 - We can set the start and end dates of the positions we will take.
2- We can set our take profit, stoploss levels.
3- If your trade is stopped, we can determine the amount of the trade that we will lose.
4- We can adjust our entry levels to positions and our position sizes at entry levels.
(Sum of positions weight must be 100%)
5- We can receive our positions even if we are busy with the help of algorithmic trading. For this, we must paste our Jshon codes into the fields specified in the settings panel.
6- Finally, we can change the settings we want and don't want to have in our visual elements.
Let's make a LONG side example together
We have determined our positions to enter stoploss, take profit and long positions. We did not forget to set the start time of our strategy
Our strategy appear on the graph as follows.
Our strategy has calculated the total position size, our R-R value, the distance of the current price to the stop and take profit levels, in short, a lot of things we could look visually.
Notes:
If you're going to connect this bot to an automatic Long or Short direction,
Don’t forget! you need to Webhook URL,
Don’t miss paste this code to your message window {{strategy.order.alert_message}}
ALSO:
If you have any ideas what to add to my work to add more sources or make calculations cooler, feel free to write me.
Strategy
Indicator
