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Experts

Specification

The goal is to double an account. This will normally take one transaction 
of 80 to 100 pips. 
So to calculate your required lots you need 3 bits of information. 
1. Your account balance: Let’s use $1000 as an example
2. The number of pips you are assuming for your trade: Let’s use 100 pips in this example
3. The value per pip of the currency traded: Let’s say this is 10c for a micro lot
You simply divide $ 1000 by 100 pips to give an answer of $10 per pip. This is the amount 
you need to earn per pip. If each pip is worth 10c then you will need 100 micro lots.
Check: 100 lots x 100 pips x 10c per pip = $1000 (You will have doubled your account)
Because of the fact that we will be increasing our lots during the transaction after 50 pips 
(See the explanation below) you can reduce the initial number of lots to 80% of your 
answer. 100 lots x 80 % = 80 lots. So can start with 80 micro lots for a $ 1 000. 
We do not recommend stops larger than 20 pips for this type of trade, so your initial risk in 
this example will be 20 pips x 80 lots x 10c = $160 – 16% of your account.
This gives you a 100 : 16 return of risk ratio. If you were trading a $1 000 account every time 
you would only need 1 in every 6 trades to be successful. 6 losses of $160 = $960 and 1 
winner is $1 000.When your transaction reaches halfway to the target (50 pips in the above example) you 
should increase your initial lots by 50%. So you would add 50% of 80 lots and that would be 
40 lots. These lots will have the same target as the original lots. 
Now is also a good time to move place your stop to ensure a risk free deal. This is done by 
simply placing the stop for both transactions at 20% of the target length from the entry. So 
in the above example you would place the stop where your initial transaction has made a 
gain of 20% of the target.
This means that if the price retraces to the 20% of target level the situation will be:
A profit of 20 pips on the original transaction 80 lots x 20 pips x 10c = $160 and….
A loss of 30 pips on the top-up transaction of 40 lots x 30 pips x 10c = - $120
A small gain of $40 for your efforts. But remember what you stand to gain if the target is 
reached.
80 lots x 100 pips x 10c = + $800
40 lots x 50 pips x 10c = + $200
You have doubled your account by making $1 000 on a $1 000 account with one transaction.
Calculations for an 80% target based on a 20 pip stop
For a $ 1 000 account an 80 pip target requires 100 initial lots and 50 top-up lots when the 
+40 pips level is reached. 
100 lots x 80 pips x 10c = $800
50 lots x 40 pips x 10c = $ 200
Your initial risk will however be higher at 100 lots x 20 pips = $ 200 or 20% of the account. 
This means than 1 in 5 trades have to be successful to breakeven if the account balance is 
maintained at $1 000.

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