DislikedDoes anyone have a pip calculator for position size they wouldn't mind sharing?
Excel or any program. Thank youIgnored
You also know which is your limited risk in your deposit currency, at is is not changing every day.
I built the attached indicator (that also show the time to bar close in different time frames).
I take the value per tick from the indicator, I measure the size (number of ticks) of the bar I am trading with the MT4 haircross, and just multiply, in order to know how much money I am risking and (eventually) how many lots I can trade.
Risk is absolutely important, but doesn't recquire total precision, INMHO.
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Trading: the skill of avoiding trades