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Creating Orders Based on a Fixed Transaction Value


Davide92
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Hello Jerry,

I would like to ask you if it is possible to set a desired transaction value, so that each time that an order is placed, the number of shares reflects the desired transaction value.

For example:

For Example:

- Desired Transaction Value: 5000$

- Stock Price: 5$

- The Trading capsule (if market order) is already set to 1000 shares. Or if alternatively, I wanna place a limit order at 4.80$ the trading capsule would automatically update to 1040 shares.

I have seen there is this option (photo below). But when I then try to place an order on the chart, the default quantity in the trading capsule does not reflect the transaction value required.

 image.png.bc45e48b9213e0a4d19d368e845327ef.png

Thank you very much for your help

Davide

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Thanks for the reply Jerry. Would it possible to have an indicator that shows the level of shares to buy given these three variables:

- Desired Trasaction Value

- Maximum Amount Willing to Lose

- Risk, expressed maybe as a percentage

So the formula to calculate the position size would be Maximum Amount Willling to Lose / Risk % (applied to the price of the stock).

For example:

Current Price: 5$

Maximum Amount WIlling to Lose: 250$

Risk%: 5%

This would give a Number of shares to buy equal to 1000.

Is it possible to create a similar indicator to put on the chart?

Thank you for your response

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