Hello Everyone,
I am new to Motivewave, and I would like to create an hotkey that would calculate for me the number of shares that I need to buy in order to keep a fixed amount of risk per trade.
Basically the formula would be, in the case of a long trade:
Predefined $ Risk/(Entry Price - Stop Price)
In my case I would like to have the parameters:
- Entry = Previous Candle High
- Stop Price = Previous Candle Low
In this case, therefore, my quantity of shares would have been predetermined based on the range of the previous candle.
My Idea would be to Assign this to a hotkey that I could use when the trade opportunity comes alive.
Is this something possible?
Thank you very much for your help
I am new to Motivewave, and I would like to create an hotkey that would calculate for me the number of shares that I need to buy in order to keep a fixed amount of risk per trade.
Basically the formula would be, in the case of a long trade:
Predefined $ Risk/(Entry Price - Stop Price)
In my case I would like to have the parameters:
- Entry = Previous Candle High
- Stop Price = Previous Candle Low
In this case, therefore, my quantity of shares would have been predetermined based on the range of the previous candle.
My Idea would be to Assign this to a hotkey that I could use when the trade opportunity comes alive.
Is this something possible?
Thank you very much for your help