# How to calculate correct LOT size for NAS100 - page 3

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Keith Watford:

I should double check that if I were you.

I am not aware of any broker that has 1 contract to be any thing other than the unit cost.

If it is, then my calculations will not be any good.

Your calculations is still good. I just adjust for the contract size.

I asked for help with a real live example for me to understand the calculations. Not for a sum to copy and paste.

Thanks again with that.

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With my type of account the tick value is \$1 per tick and this value change depending on type of account you open with your broker. so with 1 factor tick value to get the amount of my stop-loss in \$ I just have to divide the amount I am will to loss on a trade in \$ by the number of pips for my stop-loss For example Account Balance: \$100 My Account type: Mini account: Tick value= \$1 per tick Risk per trade: 5%= 5\$ Position 1: Nas100 Number of pip for my stop loss 2000 point= 20.00 pips Formual Lot size × number of pips × tick value = loss in \$ Lot size= \$5/20. =0.25 There for on this trade I am going to use 0.25 lot size with my stop-loss on 2000 point (20 pips) to risk only \$5 on this trade. NB: On MT4 for nasdaq if you take the crosshair and track in on your chart, the number that appears there as number of pips is number of points, therefore with nasdaq 1pip =100 points I hope this will help you. THANKS.