![]() ![]() The Think-Or-Swim Position Sizer currently supports candle or bar based stops, ATR stops, and now Kase DevStops. You can choose between 3 stop types, and multiple settings for each of those stop types. You can set manual target prices, or have them automatically calculated based on the minimum Risk/Reward you’re willing to accept. You can specify 1 or 2 ticks of padding or slippage on each entry and stop. You could enter on closes, opens, highs or lows. AUTOMATIC POSITION SIZING The ThinkOrSwim Position Sizer works for both stocks and futures, and lets you choose any entry method you like. ![]() And one important aspect of controlling those variables, and thereby smoothing out your growth curve, is sizing your positions correctly every time.Īnd this indicator helps you do just that. The more variables you can control in a trade, the less likely you are to screw up and lose a lot of money, and the more consistent and predictable your returns will be. ![]() This is a recipe for disaster in trading. One issue many new traders face is inconsistency - especially having losing trades that are larger than their winners. ThinkOrSwim Position Sizer for Risk Management and Money Management WORKS WITH FUTURES, STOCKS, AND ETFs! The ThinkOrSwim Position Sizer is a VERY important ThinkScript I made that allows me to instantly know what my entry, stop, target, and position size should be in order to maintain an equal risk on every trade I take. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |