Hi.
I'm trying to have an Excel formula to tell me how many units must I trade so if I loose I loose 5% of my account. I'm using Oanda so there's the "UNITS" thing.
Let's say I have $1000 and I know that in a trade my SL is 25 pips. How many units should I trade so if I loose 25 pips I'll loose 5% of my account?
Thanks in advance.
I'm trying to have an Excel formula to tell me how many units must I trade so if I loose I loose 5% of my account. I'm using Oanda so there's the "UNITS" thing.
Let's say I have $1000 and I know that in a trade my SL is 25 pips. How many units should I trade so if I loose 25 pips I'll loose 5% of my account?
Thanks in advance.