1% risk per trade = how many pips?

Hi all,
some people trade risking 1% - 2% of their account as a money management strategy. I would like to know how you translate that 1% - 2% risk into the number of pips in the particular currency you are trading so you can use that number as the stop loss for your trade? Let's assume that the account balance is $10k.

regards

The answer is located in the Money Management sticky located on the top of this beginner forum. Post 2 in the sticky.

Lots = AccountBalance * Percent Risk / StopLoss(inPips) / PipValue

So,

for EurUsd with 2% risk and 10k balance and 40 pip stop and pip value of $10

Lots = $10,000 * 0.02 / 40 / 10
or Lots = .5

So if you want the pips, use the distributive property of multiplication... or read the sticky at the top of the beginner forum as Mrgreen suggests.

Ok, here is the answer distributed.
Stoploss(inPips) = AccountBalance / (Lots * PipValue/Percent Risk)