Take a look at this simple spreadsheet. It does all the calculations for me to take trades.
I have highlighted blue for the explanation of what is going on here.
In B9 we see a 5% risk of this account is $21.10
In F3 we see a 1/6th entry is 0.16 lots which returns me $2.28 per pip.
In E14 we see this is pretty close to my 5% max risk and is 9 pips to the stop.
If I only get these trades on, that is to say 1st entries only then I3 tells me I need to score 185.38 pips to double the account.
If I can get all three trades on then I only need 30.9 pips and if I get more then the return is massive compared to the risk.
I have highlighted blue for the explanation of what is going on here.
In B9 we see a 5% risk of this account is $21.10
In F3 we see a 1/6th entry is 0.16 lots which returns me $2.28 per pip.
In E14 we see this is pretty close to my 5% max risk and is 9 pips to the stop.
If I only get these trades on, that is to say 1st entries only then I3 tells me I need to score 185.38 pips to double the account.
If I can get all three trades on then I only need 30.9 pips and if I get more then the return is massive compared to the risk.
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