Decide where you're wrong before you decide how much to buy. Enter an entry and a stop, and the size and targets follow automatically.
The stop sets the size
Risk per trade should stay constant while stop distance changes with the market. A wider stop simply means a smaller position — not a bigger loss.
The tool validates that your stop sits on the correct side of entry.
Use a level the chart justifies, not a round dollar amount.
Most traders use 0.5%–2% of account equity per trade.
1R, 2R and 3R prices with the profit each one represents.
Enter where you'd get in and where you'd be wrong. Get the position size that keeps the loss inside your risk budget, plus 1R, 2R and 3R targets.
SimpleAlgo V5 prints volatility-based stop and target levels straight onto your TradingView chart, with alerts on the closed candle.
Guides, definitions and indicator pages on the same topic.