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| Author: | forex.rapheal [ Thu Nov 01, 2012 9:01 am ] |
| Post subject: | Lot size |
Hi all, Is anyone using the following formula to calculate the lot size? I would be appreciated if it can become an indicator or script. The lot size calculation is based on: AmountToRiskPerTrade = Account Size * PercentRisk AmountToRiskPerTrade MaxRiskPerPip = ---------------------------------- Our Stop Loss in Pips MaxRiskPerPip Lot Size = ----------------- ValuePerPipPerLot where ValuePerPipPerLot is the value of each pip of price change, per full lot traded, to either make or lose money. This value is set by a broker for a standard lot size. Normally that is around $10/pip per full lot for a currency like the EURUSD. Thank you for reading. |
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