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Position Sizing Tool


tommyjames
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Hi,
 
Would it be possible to make a drawing tool for position sizing?  Maybe something similar to the risk/reward tool.  
It would only need a line for your entry, a line for your initial stop loss and an input for your $Risk.  Then it could calculate the position sizes dynamically as you move the lines on the chart.  $Risk / (Entry - Stop) = Size.  And then allow it to execute a trade with that information.
 
Thanks

Chart_Int_SPY_2021-12-02-10_43_33.png

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It's actually more difficult to select now but I see why.  To select the tool you have to click the exact corner of the tool, clicking the line doesn't select it.  If you do have the text on you are able to click on the text and drag the tool around, you can't do that with the text off.  I think having solid lines that you can click anywhere on to select it would be helpful.

Thanks for your work on this, it really helps in sizing positions.

 

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