Newbie calculate profit

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bighead87
22
bighead87  

I am new to here, and want to ask what is the formula to come up with the loss of -103.65?

My buy price is 1.10472 sell price is 1.09973 Diff=0.00499

with 0.2 lot 

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anurag bhargava
558
anurag bhargava  
bighead87:

I am new to here, and want to ask what is the formula to come up with the loss of -103.65?

My buy price is 1.10472 sell price is 1.09973 Diff=0.00499

with 0.2 lot 


with a stop loss of 500 pips on a volume of 0.2, will fetch you a loss of 100$.

whats the problem

Angelito Cartagena
395
Angelito Cartagena  
anurag bhargava:


with a stop loss of 500 pips on a volume of 0.2, will fetch you a loss of 100$.

whats the problem


I guess, 500 pips with volume of .2 will mean 1000$ loss in a standard account, unless you are using a mini account, there are a few brokers that institute 1$ per pip per one trading lot size, but majority of brokers are using standard account.

whroeder1
17942
whroeder1  

A PIP is defined as 0.00010 (or 0.010 for Yen pairs.)
           Percentage in point - Wikipedia

It's not 500 pips it's 500 points/50 pips. 0.00499 is 49.9 pips.

49.9 pips * 0.2 std lots * ~$10/pip/std lot = ~$98. If your account currency isn't Euro or CHF then there's an additional conversion factor, thus the approximate $10 per.

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