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Max lot size tradable/practical

  • #1
  • First Post: Jan 3, 2008 9:54am Jan 3, 2008 9:54am
Any suggestions / experience you guys want to share regarding large lot sizes. Is it 'easy'/practical to trade $10 per pip? And $50 per pip? What about $100 per pip?

I am currently trading $1 per pip, and that is working fine - I am just wondering if I will find counter-trades when I get to the higher values.
  • #2
  • Jan 4, 2008 12:32am Jan 4, 2008 12:32am
Quoting gifog
Any suggestions / experience you guys want to share regarding large lot sizes. Is it 'easy'/practical to trade $10 per pip? And $50 per pip? What about $100 per pip?

I am currently trading $1 per pip, and that is working fine - I am just wondering if I will find counter-trades when I get to the higher values.

This depends on the size of your trading account. There are many discussions on this if you use the search feature on this forum.

Good Luck
  • #3
  • Jan 4, 2008 12:35am Jan 4, 2008 12:35am
It also depends on your strategy... How far are your stop losses?

What % of your account are you risking per trade?
  • #4
  • Jan 4, 2008 1:05am Jan 4, 2008 1:05am
Well I size my lot this way. The maximum risk I will take per trade is 3% of my account. So if my account has $10,000, 3% would be my maximum stop loss which is $300. So if let's say my stop is 50 pips away, I can trade 6 lots. So 50 pips stop loss on 6 lots would be 300 dollars, which would be the maximum I will risk.
  • #5
  • Jan 4, 2008 2:29am Jan 4, 2008 2:29am
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting gifog
Any suggestions / experience you guys want to share regarding large lot sizes. Is it 'easy'/practical to trade $10 per pip? And $50 per pip? What about $100 per pip?

I am currently trading $1 per pip, and that is working fine - I am just wondering if I will find counter-trades when I get to the higher values.
This might help: http://www.forexfactory.com/showthread.php?t=62747

It calculates the exact lot size to trade from your equity, risk % and pips to your stoploss.

TrevA
  • #6
  • Last Post: Jan 5, 2008 12:03pm Jan 5, 2008 12:03pm
http://www.forexfactory.com/showthread.php?t=62747

excellent just what i needed
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