Easy way to calculate position sizes? | Forex Factory

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Easy way to calculate position sizes?

  • #1
  • First Post: Mar 18, 2007 10:03pm Mar 18, 2007 10:03pm
Is there an easy way to calculate position sizes for trades other than having to solve an equation each time or fire up oanda's profit calculator?

Is there a computer program to do it for you or a position-size calculator? To input the currency pair, total money, and position size (%) and output units to trade? Thanks for any input -
  • #2
  • Mar 18, 2007 10:11pm Mar 18, 2007 10:11pm
You can set up an excel sheet and do the calculations manually. Also, the information you requested show up on the order form, just before you click submit. As you choose the number of units you want to trade on Oanda, you will be presented with TP,SL, and all other values you are seeking.
Best of luck

Quoting Nerva
Is there an easy way to calculate position sizes for trades other than having to solve an equation each time or fire up oanda's profit calculator?

Is there a computer program to do it for you or a position-size calculator? To input the currency pair, total money, and position size (%) and output units to trade? Thanks for any input -
  • #3
  • Aug 11, 2007 7:52am Aug 11, 2007 7:52am
  •  Trader#0000
  • | Status: Unregistered Trader
I have a sheet tacked onto my trade blotter spreadsheet that does the calculations for me. That said, my account is in USD, so it only works on USD crosses (to do that you would need to use two rates, first convert your USD account into the base currency of the pair you are looking at, then the rate at which you want to trade).
  • #4
  • Last Post: Aug 11, 2007 8:02am Aug 11, 2007 8:02am
Quoting Nerva
Is there an easy way to calculate position sizes for trades other than having to solve an equation each time or fire up oanda's profit calculator?

Is there a computer program to do it for you or a position-size calculator? To input the currency pair, total money, and position size (%) and output units to trade? Thanks for any input -
This will help http://www.forexfactory.com/showthread.php?t=38909
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