Lot sizing your Forex trading deals using MetaTrader4

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Comments

1. What's the name of the calculator? (Y) Thanks btw!
2. how to sell ,buy,stop
3. thanx very much.one love
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6. what calculater you using
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11. I am new to forex and opening a position is quite daunting to me as I couldn't quite grasp how you calculate. Your way of explanation is fantastic and to the point. Thank you. I get it now
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14. here is another way
    £1k account
    1% - £10
    sl- 30pips
    £10/30=0.33
    
    on MT4
    0.33 / 10 = 0.03
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16. for all comments who wondering why $49/67 = 0.073 this is the explanation he say
    0.01= 10 CENT = 0.10 DOLLAR THIS IS THE MICRO LOT OK so 10 CENT =0.10 DOLLAR SO IF YOU LOSE $49 WITH 67 PIPS SO THE VALUE OF LOSE IN 1 PIP = $49/67=0.7313432835820896 IF YOU multiple THIS with 0.10 DOLLAR (10 CENT ) YOU SEE 0.7313432835820896 * 0.10 = 0.073134328358209 THIS VALUE OF LOT YOU CAN LOSE TO FINELY LOSE $49 =1% OF YOUR BALANCE.
17. guys, if you are wondering why $49/67 = 0.073, this is the explanation. Every currency pair has a different pip value ( you can use pip value calculators) but for a quick calculation we take that 1 pip = approx $10. Hence if max drawdown is 67 pips this equals to $670 dollars in pips conversion so if you want to lose max $49 dollars you allocate $49/$670 = 0.07 lots. Makes sense ? :)
18. I started with $1000 account and traded 1.00 lot size that's $10 per pip
19. i love it, thank you so much