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Simple Forex Calculator

This document outlines a simple money management system for tracking pip values and calculating risk levels when trading currencies. The system uses a pip calculator to determine pip values for different lot sizes and currencies. It then has the user enter their account equity, stop loss in pips, and lot size to calculate the amount and percentage of their account that would be at risk per trade based on the pip values. A disclaimer notes that any use of the calculator is at the user's own risk.
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0% found this document useful (0 votes)
74 views2 pages

Simple Forex Calculator

This document outlines a simple money management system for tracking pip values and calculating risk levels when trading currencies. The system uses a pip calculator to determine pip values for different lot sizes and currencies. It then has the user enter their account equity, stop loss in pips, and lot size to calculate the amount and percentage of their account that would be at risk per trade based on the pip values. A disclaimer notes that any use of the calculator is at the user's own risk.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Simple Pip Money Management System

Entries to be entered in yellow boxex

Only change yellow boxes below

Enter Lot Size to trade here, and then go to the Pip


Calculator site sellect currency your trading, then input
same Lot sise figure.

Enter Your Account Equity here

Go to the Pip calculator site and sellect " convert to" and
sellect your own accounts trading currency, hit calculate to
convert, then enter the Pip value given into here.

0.010
1,000.00

0.0600

Enter your Stop Loss in number of Pips here.

200

This is the ammount of your account at risk.

12.00

This is the percentage of your account at risk.

Disclaimer
Use of this calculator is at your own risk.

1.200

Pip Caculator
Pip Calculator - another site

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