I have made a spreadsheet for helping with the money management. I have manually calculated the results and it seems to me that the calculations is correct. But if someone would verify this I would be greatful.
In the first sheet you select the currency pair, enter account type, planned TP and SL in pips, your money balance, price and number of lots you plan to trade. The amounts for tp and stop-loss as well as the percent of balance are calculated.
There is one sheet called currencies which collects the latest currency values. This must be manually updated. Go to Data->Update to do this.
In the first sheet you select the currency pair, enter account type, planned TP and SL in pips, your money balance, price and number of lots you plan to trade. The amounts for tp and stop-loss as well as the percent of balance are calculated.
There is one sheet called currencies which collects the latest currency values. This must be manually updated. Go to Data->Update to do this.
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