Category Other  Published on 06/04/2024

PSC

An update for this algorithm is currently pending moderation. Please revisit this page shortly to access the algorithm's latest version.
Description

using cAlgo.API;

using cAlgo.API.Internals;

using cAlgo.API.Indicators;

using cAlgo.API.Requests;

using System;


 

namespace cAlgo

{

[Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]

public class RiskPositionSizeIndicator : Indicator

{

[Parameter("Risk Percentage", DefaultValue = 1, MinValue = 0, MaxValue = 100)]

public double RiskPercentage { get; set; }


 

[Parameter("Stop Loss in Pips", DefaultValue = 50, MinValue = 1)]

public int StopLossInPips { get; set; }


 

[Parameter("Take Profit in Pips (Risk-Reward 3:1)", DefaultValue = 150, MinValue = 1)]

public int TakeProfitInPips { get; set; }


 

protected override void Initialize()

{

// Initialization

}


 

public override void Calculate(int index)

{

// Getting the current account balance

double accountBalance = Account.Balance;


 

// Calculating position size considering the percentage risk

double riskAmount = accountBalance * RiskPercentage / 100;

double positionSize = Symbol.QuantityToVolume(Symbol.NormalizeVolume(Symbol.QuantityToVolume(riskAmount / Symbol.PipValue / StopLossInPips)));


 

// Displaying the position size and target price level on the chart

ChartObjects.DrawText("PositionSize", $"Position Size: {positionSize}", StaticPosition.TopLeft, Colors.White);

ChartObjects.DrawText("TakeProfit", $"Take Profit: {Symbol.Bid + TakeProfitInPips * Symbol.PipSize}", StaticPosition.TopRight, Colors.White);

}

}

}


The author decided to hide the source code.
CH
chartistusd

Joined on 05.04.2024

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: New Indicator.algo
  • Rating: 2.5
  • Installs: 133
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