Short Position

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Usage #

The Short Position tool allows the user to set an entry point and assume a short position from that point. Extending above and below that price level will be two boxes; green for the profit zone and red for the loss zone. Both zones can be manually adjusted by the user to change the risk/reward ratio.

Appearance #

Line #

Can change the color and thickness of the line separating profit/loss areas as well as the profit and loss targets.

Stop Fill #

Sets the color for the stop loss region.

Target Fill #

Sets the color for the profit target region.

Text #

Can select the text color as well as font type and size.

Shape #

Profit Level DELTAUP #

Can manually enter the desired profit target level using ticks or an exact price.

Entry Price XY #

Allows for the precise placement of trade’s entry point.

Stop Level DELTADOWN #

Can manually enter the desired stop loss level using ticks or an exact price.

View #

How are the Position Size and Account Balance calculated? #

Position Size	Qty = RiskSize / (StopPrice – EntryPrice)
Account Balance when position is closed after reaching the Take Profit level	Amount = AccountSize + (EntryPrice – ProfitLevel) * Qty
Account Balance when position is closed after reaching the Stop Loss level	Amount = AccountSize — (StopLevel – EntryPrice) * Qty

• AccountSize — initial account size specified in the settings

RiskSize = Risk, if risk is selected in absolute numbers OR

Risk / 100 * AccountSize, if risk is selected as a percentage of account size.

• Fees: Slippage in terms of exchange/brokerage fees