Sizing Sell Trades by Dollar Amount Instead of Lots

Summary

This document describes a chart-based trading script that opens a sell position from a chosen cash amount rather than a manually specified lot size. The script calculates the corresponding lot quantity and then submits the trade, making the requested exposure the main input for order sizing.

Its settings include a fixed deal amount and an option to apply a suitable stop loss to buy positions; without that option, no stop is placed automatically, though one can be added manually. A per-instrument maximum spread setting is also available through a named global variable, allowing a user to set a spread limit for each symbol.

The text explains the tool’s inputs and basic behavior but provides no calculation details, platform compatibility information, examples of execution, or performance evidence. Traders would need to confirm how amount-to-lot conversion, stop placement, and spread checks behave in their specific account and instrument before relying on the script.

Key ideas

• A sell order can be sized by a fixed cash amount, with the script calculating the lot quantity.
• A setting controls the per-trade amount.
• Stop-loss placement is configurable, and a stop may otherwise need to be added manually.
• A symbol-specific maximum spread limit can be configured.
• The document gives no evidence about execution quality or trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.