Check out the web application here: Risk Management Calculator
Risk Management Calculator is a powerful Streamlit application designed to help traders manage their investments effectively. This tool calculates the potential profit or loss (P/L) for trading positions, taking into account leverage and fees, and provides recommendations for optimal capital allocation based on risk tolerance.
- General Settings: Configure your total capital, the amount invested in a position, leverage, risk percentage, and trading fees.
- Price Settings: Set entry price and stop-loss price for your trades.
- Take Profit Settings: Define exit prices and proportions for up to three take profit (TP) levels.
- Profit/Loss Calculation: Calculates the P/L for individual TP levels and the remaining position, factoring in trading fees.
- Capital Recommendation: Provides recommendations for the capital to be risked to stay within the specified risk percentage.
- Visual Enhancements: Improved UI with clear sections and input fields, styled for a better user experience.
- Donation Information: Displays author information and cryptocurrency addresses for donations to support future development.
- Configure Settings: Input your total capital, amount invested, leverage, risk percentage, and trading fees in the "General Settings" section.
- Set Prices: Enter the entry price and stop-loss price in the "Price Settings" section.
- Define Take Profit Levels: Specify exit prices and the proportion of the position to close at each level in the "Take Profit Settings" section.
- Calculate: Click the "Calculate" button to compute the potential P/L and recommended capital allocation.
- Review Results: Check the detailed results displayed, including individual TP P/Ls, total P/L, and recommended capital to risk.
We welcome contributions to improve this tool! Feel free to submit issues and pull requests on the GitHub repository.