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Unit Size

  • #1
  • First Post: Dec 28, 2007 10:33am Dec 28, 2007 10:33am
Hello,

Let say my capital is $1000, leverage 1:50, pair EUR/USD, SL 50 pips and I want to risk only 5% per trade from my capital. Broker- Oanda

The Q : how much units should I put per trade and how to calculate it?

Thanks in advanced.
  • #2
  • Dec 28, 2007 10:50am Dec 28, 2007 10:50am
No off-color jokes, please. You know who you are.
  • #3
  • Dec 28, 2007 11:07am Dec 28, 2007 11:07am
You could trade 1 mini-lot. Leverage has no bearing on the results.
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  • #4
  • Dec 28, 2007 11:33am Dec 28, 2007 11:33am
With Oanda you would have to trade 10,000 units to equal $1.00 per pip, which is trading one mini lot.
  • #5
  • Dec 28, 2007 12:00pm Dec 28, 2007 12:00pm
And would be a large amount to risk with only $ 1000 !!! 5 losing trades in a row at that size risk, and you will be out more than 25% of your capital already !!!
  • #6
  • Dec 28, 2007 12:05pm Dec 28, 2007 12:05pm
Quoting Tiki Trader
And would be a large amount to risk with only $ 1000 !!! 5 losing trades in a row at that size risk, and you will be out more than 25% of your capital already !!!
Actually, you would have 77.3% of your account remaining after 5 losses (I'm bored - again).

I do agree however that 5% is a lot for a system.
  • #7
  • Last Post: Dec 29, 2007 10:26am Dec 29, 2007 10:26am
Thank you all for the feedback.
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