A simple tool to calculate crypto position size and FX lot size.
How to use: 1. Use TradingView measurement tool or position tool to know how wide is your stop loss. 2. Set the equity and risk parameters. 2. For crypto, input the PERCENTAGE in stop loss; For FX, input the PIPS. 3. Position size will be displayed in the panel.
Notes: >Position size is in USDT for Cryptocurrencies >Lot size for forex.
Forex contract size is your account type set by the broker: Standard = 100,000 units = ~10/PIP Mini = 10,000 units = ~1/PIP Micro = 1,000 units = ~0.10/PIP Nano = 100 units = ~$0. 01/pip