Position size calculator

Have you ever asked yourself what your position size should be if you have an entry, stoploss, and a maximum amount of risk you want to take?

Our position size calculator will answer that question for you. If you have created a trade plan and have an entry, target, and stop loss, your optimal position size will be calculated automatically based on how much risk you are willing to take.

Location

The position size calculator can be found under the calculator icon on the top-right of our app, next to the username of the account.

Calculation form

Fill in the entry and stoploss price of the trade setup on your price chart. Target price is not required.

After clicking take trade, all the variables such as entry, exit, stoploss and target will be forwarded to the trade setup page where the trade can be saved by clicking on the save button.

More information about the trade setup page can be found here.

Variables

Variables to type in:

Variable	Description
Direction	The direction of the trade, either LONG or SHORT.
Fees	Includes fee calculations and subtract these from the position size. The percentage is retrieved from the defined fee in the portfolio settings.
Risk %	Percentage of the portfolio that is lost after the position is stopped out (excl. slippage).
Entry	Price at which the position is purchased.
Stop loss	Price at which the position should be exited when the trade turns out to be a loss.
Target	Price at which you intent to take profit.

Calculations

Based on the provided variables, the following values are calculated:

Calculation	Description
Target %	The distance between the entry and the target price in percentage.
Stop loss %	The distance between the entry and the stoploss price in percentage.
Value at risk	The amount that is lost after the position is stopped out (excl. slippage).
Entry fee	The amount of fee that is paid to open the position.
Exit fee	The amount of fee that is paiid to cover the position with a stop loss (excl. slippage). For this instance, the fee is always based on a market-order.
Order cost	The value of the position plus the fee that is paid to open the position.
Order value	The value of the position.