Automatic Order Sizing

sragone

Active member
Joined
May 23, 2019
Posts
31
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22
Hello,

I have another feature request that I was hoping you could consider….

Would it be possible to add an ability in the trade and order options that would allow the user to set the percentage of the account balance that you want to risk in addition to the fixed number of contracts, lots or pips that are already in the order presets?

What I was thinking of is that after I placed my limit and stop, this feature would automatically size up my entry based on my account balance at the time. Some ideas that would be good to include with this might be:
  • Having the automatic sizing account for any other open positions.
  • You could also implement this as part of a market order feature that after you set your stop, the automatic order sizing would put you into the market with the correct number of contracts.
  • An option to enter in your commissions, fees and margin requirements (both day trading and maintenance) could be added as well to account for the impact it would have on your balance.
These are just a few ideas that I came up with.

Thank you for your time.

Shane
 
Last edited:

MotiveWave_Joe

Moderator
Staff member
Joined
Mar 26, 2019
Posts
223
Likes
67
Hi Shane,

Thank you for the feedback.

I have added it to the feature request list.
 
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