Hi im making my own "indicator" to calculate lot quantity so i can handle fast trades witouth using calculator.
An example, i got following:
Tick value: 0.1
Tick size: 0.1
Stop loss pip: 1000 (11990.00)
Risk percentage: 3%
Stop loss max risk: 7,5€
Cost per pip: 0,0075€
Can you please share me the formula how to calculate the the lot quantity. Thanks.
Most pairs are worth about $10 per PIP. A $5 risk with a
(very small) 5 PIP SL is
$5/$10/5=0.1 Lots maximum.
Thanks a lot for the formula it looks like its working pretty good.
At the moment im using ATR value as stop, wich was working fine at minute chart. Most of the time i dont came in cross with any support or bounce line, but if so i would change the stop manually to get behind support.
Maybe later i will add a secondary function to calculate lot size on stop wouldnt be hard.
As i understood correctly DeltaPerLot in your linked function does TICKVALUE/TICKSIZE, atm its working for eur/usd, ger30, dow jones, gold.
Thanks for the tips with FreeMargin i included in my indicator.
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