Need A Pip Calculator (Creation of a new software perhaps)

Hi again, I'm filled with ideas as usual but need assistance to make it into a reality, or maybe the tool I need already exist (but I did searched Google a second ago...)

Anyway, this will be a little complicated, but if you don't understand, I can create a YouTube video to further clarify what I need...

Let's begin with an example...

I am trading EURUSD and now the market is at 1.2560, I then set a "sell" order with volume 0.01. Automatically, my profit will be -$0.03 at point of order. The price is also adjusted to 1.2563.

Just so we are crystal clear, if the market goes down to 1.2559, I will have a profit of +$0.01 and if the market hates me and goes up to 1.2564, my profit is -$0.04. I hope you are very clear so far.

Now, let's add the complication:
I realize that I have made a mistake and should have opened a "buy" order. So instead of closing that "sell" order, I open another "buy" order of volume 0.02, and at the market price of 1.2570. And at the market price of 1.2570, the earlier "sell" order would have given me a profit of -$0.10.

My question is can you create a calculator/software to find out at what price can I set for both order so that I could set a S/L on the "sell" order and a T/P on the "buy" order so that I will get away with an overall profit.

I hope you understand what I require, and this is only calculation for two orders, which can be easily calculated manually or I've also tried MS Excel, it works, but for multiple orders at different order price and with different order volume, then you will have a mess I hope someone can solve.

anyone has any ideas on this tool?

You didn't get a pass in grade 3 arithmatic I guess.

that might be the case, any others with more constructive comments?

Try this.
Not tested so it could do anything.
Gives you the BE level (if my maths & coding are correct) so that you can set your TP/SL however many pips above/below that to give the desired profit.

If it is wrong let me know and will try and amend when have time

HTH

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please can you consider have a look at this thread

http://www.forexfactory.com/showthre...=362115&page=2

specially post 47 & 59

thanks
for your time

Spell check: arithmetic

Don't recall in which grade that was covered.

recidiviste:

Busy at moment but if I ever get time will take a look

I scored 100% in arithmatic in grade 9, but failed English grammar.

In years 10 & 11 I passed Math with scores of 85-94% however I always struggled with English, I had do do homework to get passes in that.

I left school after passing year 11 with flying colors in Math, Physics and Chemistry, just managed a pass in English and failed miserably in American history.

However I was fully qualified to get over 170 jobs all over the world in the following 45 years.

I taught myself to trade.

In my undergrad education, the worst grade I received was a C+, just once. The next lowest was an A-. Guess which class I got the C+ in. Fucking English Writing (a mandatory class)...I hated that class. I was writing 30 page Poli Sci, History, and Economic papers and getting A's on all of them, but my writing teacher was giving me C's for papers in which I was supposed to express my feelings and innermost thoughts. What bullshit!

You dopey bastard, we are soul mates I guess.

Now, if my "arithmatic" doesn't fail me, that means a new job every 3.5 to 4 months. I know decent qualified people who haven't been able to find a job the last couple of years. You must posses a certain kind of quality.

Keeping a job is clearly not one of them

Thank god there's trading

Sorry to OP, I've got nothing but EA troubles myself.

Many of my jobs only lasted 3 or 4 weeks back in the '70's ... don't remember much else of those days except bike riding, snow skiing and ocean sailing... I was a qualified wandering bum in all. I spent 10 or so years bumming around the world in over 25 countries and several oceans.

Always found work when I needed some money, always left work once I had a few hundred dollars.