Emini Position Sizing Calculator

[cowcool 10]

Where can I d/l good emini position sizing calculator ?. Online calculator is ok too.

 

Many Thx

[BlowFish 10]

Start here...

 

TradersCALM - Calculating risk of ruin

[dam5h 10]

here's something i like to use, very simple but it can be fairly aggressive when trading well

 

1. determine a daily stop loss where you stop trading. "x" pts

 

2. determine a number of days that you will allow this to happen without scaling down. "y" days

 

3. build a profit base of at least enough to cover that number of days at that stop loss level at the NEXT scale size (x*y*cts at next level), then scale up; if you then hit -x*y pts in pnl, then scale down, at least you not in hole.

 

4. repeat

 

if you are starting out on sim, make a sim base of x*y*1 before going live. if you then lose that amount once live, go back to sim and repeat

 

if once live with 1 ct you build up a base of x*y*2 then you are ready to scale up.

 

this system has an interesting relationship with how well you need to trade to scale up. you actually have to do your best in the beginning, that is if you scale up 1 ct at a time and start with 1 lot.

[The Pip Thief 10]

Hello,

 

If you want the fastest order entry position sizing calculator it is PositionSizer.com You have to pay for it, but as the old saying goes "You pay for what you get" It is awesome because you trade right from the charts which makes it very efficient and fast. The order entry process on the chart is as follows. Click on your entry price, click on your stop price, click on your trade direction or profit target. Position Size and risk reward is given and if you like them you click TRADE POSITION and the bank gets the order.

 

The part I like is that when your order is filled the stops and profit orders are automatically sent to the broker.

 

I use it for forex but it will work on the E-minis as well. If your account is not in dollar it does all the conversions for you. Check out the picks. It does the conversion for my account in pound. Check out the info bar at the bottom of the screen. I will post the settings window so you can see what parameters you can change.

 

The second pic is on a dollar account with the Mini Dow and the conversion as you see is now 1 = 1

 

Hope this helps.

 

The Pip Thief