Takazudo

Fixed price Stop Loss [Takazudo]

This strategy is a demo for fixed price stop loss.

This strategy enables you to specify fixed price stop loss. Let's say your deposit is USD. When you trade EURCAD , you need to specify the quantity for trade. Here comes three chances for trade.

  • A: SL pips: 500
  • B: SL pips: 200
  • C: SL pips: 100

In these trade, the risk is different for each. ABC risk ratio is 5:2:1. And, you cannot know how much to lose if the price hits the stop loss. This is a huge problem.

With this strategy, You can specify the fixed risk price for each trade. If you specify 100 USD for the risk, this strategy calculates how much quantity to buy or sell for each entry. In the case above, this strategy guides you how much quantity to buy or sell like below.

  • A: 2,000 qty (SL: 500pips)
  • B: 5,000 qty (SL: 200pips)
  • C: 10,000 qty (SL: 100pips)

If you make entries with those quantity and the price hits the stop loss, You will lose the money like below.

  • A: 100 USD
  • B: 100 USD
  • C: 100 USD

This is what this script does. Fixed price SL.

I tested this caliculation for OANDA's main 28 currency pairs forex listed below.

AUDUSD , EURUSD , GBPUSD , NZDUSD , USDCAD , USDCHF , USDJPY , AUDCAD , AUDCHF , AUDJPY , AUDNZD , CADCHF , CADJPY , CHFJPY , EURAUD , EURCAD , EURCHF , EURGBP , EURJPY , EURNZD , GBPAUD , GBPCAD , GBPCHF , GBPJPY , GBPNZD , NZDCAD , NZDCHF , NZDJPY

I may add more pairs later.

Note: The entry strategy in this script is not intented to win. Check the result. Be careful.
Notas de prensa: typo
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

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