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Automatic Lot Size Calculation based on Dollar ($) Risk

Other

I recently shifted from DeepCharts by Volumetrica to ATAS because of various good reviews and I love it but ATAS allows users to set a Stop Loss in terms of ticks/ However, this does not adjust the Position Size by Money.

Refer this image from Deepcharts

The user still has to manually calculate how many lots to trade to ensure that their risk stays within that dollar amount.

I am requesting a feature similar to "Deep Trades" or "Risk Managers" where the Lot Size is automatically calculated based on the Stop Loss distance.

How it should work:

  1. Set Risk Amount: The user inputs a fixed dollar amount they are willing to lose (e.g., $500 USD).

  2. Define SL Distance: The user picks their Stop Loss level on the chart.

  3. Auto-Calculation: The platform automatically adjusts the Quantity (Lots/Contracts) before the trade is placed.

    • Example: If the SL is 10 ticks away, the lot size will be larger. If the SL is 50 ticks away, the lot size will be smaller, ensuring the loss always equals exactly $500.

Why this is important:

  • Speed: In fast-moving markets, traders don't have time to use a calculator to find the correct lot size.

  • Risk Management: It prevents human error and over-leveraging, ensuring the trader never risks more than their defined plan.

  • Consistency: It allows for a "set and forget" approach to risk per trade.

This feature would significantly improve the order execution workflow for professional traders using ATAS.

Posted by Shivam ·
Status: In Progress2 comments

This request was merged into another request

Comments2

  • Sushant

    •

    Aug 19

    I hope they work on this. this will be so useful for scalpers. It is a headache to get the right size on in these fast environments.

  • Valeria

    •

    Jun 3

    This would be extremely useful.

    I use a fixed dollar risk on every trade, so I currently have to calculate position size manually. This takes valuable time and can result in missed entries during fast-moving markets.

    Automatic position sizing based on stop-loss distance and predefined risk would be a major improvement. I would use this feature every day.