calculating pips | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

6 MA indicator with auto-calculating pips/profit 0 replies

Flappy Pips - How to keep your hard earn PIPS 7 replies

I lose 40 pips and win 6 to 10 pips... 17 replies

Calculating Total # of Pips between entry and stop? 3 replies

spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies

calculating pips

  • #1
  • First Post: Nov 6, 2008 5:19pm Nov 6, 2008 5:19pm
hey guys im putting an excel spreadsheet together trying to record all my trades but im having difficulty figuring it out.

say if i have a 50 pip stop loss on the eurusd, what does that equate to in australian dollars?, and in turn if i have my take profit at 80pips away what is my return...then i can find out my risk:return

im getting confused, because im thinking it depends on the audusd rate at the time of buy/sell or sell/buy
Grabbing the bull by the horns!
  • #2
  • Nov 6, 2008 9:13pm Nov 6, 2008 9:13pm
bump
Grabbing the bull by the horns!
  • #3
  • Nov 6, 2008 9:32pm Nov 6, 2008 9:32pm
With EUR/USD 1 pip = 1$ for mini lots. To see how much that would be in AUD just divide that by the current AUD/USD rate. So right now if u set a 50 pip SL on the EUR/USD and u trade 1 mini lot and your stop gets hit you would loose 50/0.6616=75.57 AUD

HTH
Stubbornly persistent
  • #4
  • Last Post: Nov 9, 2008 3:03am Nov 9, 2008 3:03am
Quoting sergiu
With EUR/USD 1 pip = 1$ for mini lots. To see how much that would be in AUD just divide that by the current AUD/USD rate. So right now if u set a 50 pip SL on the EUR/USD and u trade 1 mini lot and your stop gets hit you would loose 50/0.6616=75.57 AUD

HTH
oh cheers thanks a heap
Grabbing the bull by the horns!
0 traders viewing now