Is it possible to calculate position size based on a % of equity?

100k equity
2% risk per position
100 Stop Loss

2% Risk = 100,000/100*2 = 2000
Position size = 2,000 / 100 = 20

So 2% risk of 100k equity with a stop loss of 100 would be a position size of 20 (0.2).

Hi,

Sure it is !

Simply put your formula in a calculation expression block and make sure to use:
- The equity: Equity variable available under account section(obviously)
- Risk in percentage: create a new variable and set the Global setting to true (so that you can modify the risk perc. at any time with one click)
- The result (lets call this "Position size") is a new variable that will be dragged in the open@market block to replace the Amount variable/. Make sure the position size is expressed in millions.


Cheers

When I try to add Equity into Cell A1 I receive the cell error: Incorrect Expression. I am using the calculation expression block as per the link you posted.

It shouldn't, maybe you made an error in the calculation formula that you typed in..