Calculation needed for trading FOREX – 2 currency pairs

MQL5 Indicators Other

Specification

I am going to trade 2 currency pairs: USD/CHF and CHF/JPY.

I need to calculate how many lots of the second currency I need to balance my trade.

USD/CHF is trading at: 0.97910 and CHF/JPY is trading at: 79.870

If I take USD/CHF as one lot then how many lots I will need of the second currency pair to make even balance.

Currencies move (fluctuate) in a certain range over period of time. To make my strategy complete I need to work out trading range. They (those 2 currency pairs) have different trading ranges.

Over a period of time USD/CHF has been trading in a range: 0.96770 – 0.99830

Over a period of time CHF/JPY has been trading in a range: 78.150 – 83.980

The trading range has to be added and calculated (translated to lots) together with the previous calculation to work out how many lots of the second currency I have to buy for trading to make a balanced trade.

Is it possible to make these calculations in Excel or maybe in some other program?

I hope that I have explained it clearly. If you need more clarifications please ask.

Waiting for your help.

John.

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