Position Tool
The Position Tool lets you plan trades directly on the chart. You place your entry, set targets and stops, and the tool calculates everything else — position size, risk, reward, fees, liquidation price, and the exact quantities to execute at each level.
It works across all supported instruments. Crypto perpetuals (linear and inverse), spot pairs, CME futures, stocks, and ETFs are all handled automatically. You don't need to configure anything — the tool reads the instrument type and adjusts its math accordingly.
Getting started
Select the Position Tool from the left toolbar, then click on the chart where you want your entry price. Move the mouse to set the stop loss distance and click again to place. The tool creates with one take-profit level at a 1:1 risk-reward ratio by default.
Once placed, you can drag the entire position up or down, or drag individual levels to adjust prices. The left-side circles move levels vertically. The right-side squares resize the tool width horizontally.
What it calculates
When you set your bank equity (total capital) and risk percentage, the tool sizes your position so that if price hits your stop, you lose exactly that percentage of your bank. Move the stop closer and position size increases. Move it further and it decreases. This recalculation happens in real time as you drag.
All math follows standard derivatives pricing conventions used by professional practitioners. Fees are factored into every calculation — risk, reward, break-even, and risk-reward ratio all account for round-trip trading costs.
UI elements
Green zone — the profit area between your entry and targets.
Red zone — the loss area between your entry and stops.
Info box — appears in the center showing key metrics: quantity, risk, reward, R:R ratio, margin, leverage, risk percentage, and fees. On the right side you'll see your bank and account equity, and any warnings.
Count buttons (numbered squares on the left edge) — click to set how many take-profit, stop-loss, or entry levels you want. A dropdown lets you pick the count and spacing distribution (linear, exponential, fibonacci, logarithmic).
Pen button (right edge) — opens the Position Weights Editor, where you can set custom percentage allocation per level instead of equal distribution.
Target pill (green, top) — shows the outermost target price with total percentage gain and profit.
Stop pill (red, bottom) — shows the stop price with total percentage loss and risk amount.
Per-level labels (right side) — each TP and SL line shows the quantity allocated, price, percentage, and P&L for that specific level.
Average line (orange dashed) — appears with multiple entries showing your weighted average entry price.
Break-even wire (gray dashed) — a connector from TP1 showing where to move your stop after the first target fills to eliminate risk. This accounts for fees.
Liquidation line (red dashed) — shows your liquidation price based on leverage and account equity. If liquidation falls between entry and stop, the label changes to a warning.
Settings
Double-click the tool or use the settings panel to configure:
- Long / Short — trade direction
- Synth / Raw — Synth shows P&L in your settlement currency. Raw shows the converted currency and native order quantities, useful when placing actual orders on the exchange
- Bank Equity — your total capital across all wallets, used for position sizing
- Account Equity — what's on the exchange, used for liquidation calculation
- Position Risk % — percentage of bank you're willing to risk
- Position Size — auto-calculated from risk, or set manually
- Leverage — does not change your position size. It only affects how much margin is locked and where liquidation sits
- Fees % — trading fee per side, default 0.1%
Adding complexity
The tool scales from simple to advanced without changing workflows.
Single entry, single target — the starting point. Entry, one TP, one stop. Suitable for quick scalps or when you want a clean risk-reward picture.
Multiple targets — set the TP count to 3, 5, or more. Each level exits a portion of your position. The tool calculates cumulative P&L so you can see the total reward across all partials.
Multiple stops — same concept applied to the loss side. Useful for scaling out of losing positions gradually instead of taking the full hit at one price.
Multiple entries — DCA into a position across several prices. The tool computes a weighted average entry and adjusts all P&L calculations from that average.
Custom weight distribution — open the Weights Editor to allocate different percentages per level. For example, exit 50% at the first target, 30% at the second, and 20% at the last. Every calculation updates to reflect the custom split.
Instrument detection
The tool reads instrument metadata and handles the differences for you:
- Linear perpetuals (USDT/USDC settled) — P&L in quote currency
- Inverse perpetuals (coin settled) — P&L in base currency with correct inverse math
- Spot — no leverage, no liquidation
- CME futures (ES, MES, NQ, CL, GC, etc.) — applies the correct contract multiplier, hides leverage and margin fields since CME uses its own margin system
- Stocks and ETFs — quantities display as shares
When a contract has a non-standard size (for example, 1 OKX inverse contract = 100 USD), the info box shows a blue note with the conversion.
Use cases
Planning a swing trade. Set your entry at a support level, stop below the structure, and three targets at resistance levels above. Adjust the weights so most of your position exits at the first target and the rest runs. The R:R ratio in the info box tells you immediately if the trade is worth taking.
Risk budgeting. You have $50,000 in total capital and want to risk 1% per trade. Set bank equity to 50,000 and risk to 1%. The tool sizes every position to $500 maximum loss regardless of where you place the stop. Tighter stop means larger position, wider stop means smaller position — the dollar risk stays constant.
Comparing setups. Place two position tools on the same chart with different entry and target configurations. Compare their R:R ratios side by side to decide which setup offers better risk-adjusted return.
Pre-trade checklist. Before executing, switch to Raw mode to see the exact quantities you need to place at each level on the exchange. The per-level labels show precisely how many contracts, coins, or shares to buy or sell at each price.