This powerful tool helps traders calculate the optimal position size, stop loss or take profit for cryptocurrency futures trading while managing risk effectively. The calculator provides real-time price data and candlestick charts to help visualize market conditions alongside your trading parameters.
Key Features:
- Live Market Data: Real-time cryptocurrency prices and interactive candlestick charts for multiple assets
- Risk Management: Calculate position size based on your account balance and risk tolerance (% risk per trade)
- Risk-Reward Analysis: Set your preferred risk-reward ratio in decimal or fractional format (e.g., 2:1)
- Trading Direction: Toggle between long and short positions
- Advanced Fee Calculation: Account for maker and taker fees in your trading strategy
- Leverage Options: Adjust leverage to optimize position size while maintaining risk parameters
- Price Level Visualization: See entry, stop loss, and take profit levels directly on the chart
- Detailed Tooltips: Hover over candles to see OHLC (Open, High, Low, Close) price data
How It Works:
- Select your desired cryptocurrency from the dropdown menu
- Enter your account balance and risk percentage per trade
- Set your preferred risk-reward ratio
- Choose your leverage and whether you’re going long or short
- Input your entry price, stop loss, or take profit level
- The calculator automatically computes the missing values and optimal position size
- View the visualization of your trading setup on the candlestick chart
The calculator intelligently adjusts for fees to maintain your true risk-reward ratio and provides helpful notifications when making changes. This ensures your trading strategy accounts for all costs associated with opening and closing positions.
If you like to read more on trading have a look at my trading journal series.