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| Pip Value Indicator / Lot Size Indicator https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3479 |
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| Author: | djhenry1981 [ Thu Mar 06, 2014 4:59 am ] |
| Post subject: | Pip Value Indicator / Lot Size Indicator |
Hi All, I'm looking for an indicator that displays the a series of pip values (5 - 20) and their corresponding lot sizes so that I can easily determine lots sizes based on fixed risk or % risk. EG. Risked amount is $100 (a variable) or 1% [table 80 2]L=Pips& lot L=5& 0.50 L=6& 0.49 L=7& 0.47 L=...&... L=20& 0.12[/table] When day trading I need to be able to quickly and accurately determine pip/risk value to ensure I'm not over or under risking. Obviously the pip values for GBP/AUD verses AUD/USD differ greatly. Does anyone have something like this? |
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| Author: | slipshod [ Fri Mar 14, 2014 10:48 am ] |
| Post subject: | Pip Value Indicator / Lot Size Indicator |
This is based on something I found a couple of years ago on the 'net, and have embellished quite a lot since. Fill out the values in the options, then move the 3 lines (green is entry, red is SL, blue is TP) and it'll show you the lotsize to trade & the dollar values on SL and TP. It'll also work while manually backtesting - make the Defined Balance option true and it'll add a textbox containing a value of $10000. It'll base the lotsize & dollar amounts of whatever value's in this field, which you can adjust whenever you want. Lastly, it seems to work reliably for me though I did have bugs with it on Yen pairs early on which I think I resolved properly. I don't know if it works with XAU or XAG. I'm making it available here because of djhenry's request, but I don't intend to offer ongoing support for this indicator - please don't send me PMs about it if there's problems or you have ideas for extending its functionality. |
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| Author: | thomasmore [ Wed Mar 26, 2014 2:27 pm ] |
| Post subject: | Pip Value Indicator / Lot Size Indicator |
Hello, This is not an indicator, but I hope it helps. Best regards, Ludo http://www.alpari.co.uk/research-tools/calculators |
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