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Insert Account Info: Forex Money Management Calculator by Hector

This document provides a forex money management calculator that allows users to enter account details like size, risk per trade, trade entry/exit levels, and currency pair to calculate risk and reward metrics for a potential trade. It recommends trading 1 lot based on the inputs to risk $300 while aiming for $150 in profit at the first target and $300 total at both targets given a 30 pip risk and 90 pip potential reward.

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Kalfy Warsp
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79 views3 pages

Insert Account Info: Forex Money Management Calculator by Hector

This document provides a forex money management calculator that allows users to enter account details like size, risk per trade, trade entry/exit levels, and currency pair to calculate risk and reward metrics for a potential trade. It recommends trading 1 lot based on the inputs to risk $300 while aiming for $150 in profit at the first target and $300 total at both targets given a 30 pip risk and 90 pip potential reward.

Uploaded by

Kalfy Warsp
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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Forex Money Management Calculator by Hector

DeVille

INSERT ACCOUNT INFO


Account Size 10000
Risk Per Trade 3.00%

INSERT TRADE INFO


Entry 1.2105
Stop Loss 1.2075
First Target 1.2135
Percentage Out at First Target 50%
Second Target 1.2165
Percentage Out at Second Target 50%
Currency Pair Pip Value 10

MONEY MANAGEMENT DATA


Trade Reward/Risk 1.50
Recommended Lots To Trade 1.00

RISK DATA
Risk in Pips 30
Risk in Money 300

REWARD DATA
Reward in Pips to First Target 30
Reward in Money to First Target 150
Reward in Pips to Second Target 60
Reward in Money to Second Target 300
Reward in Money (total) 450
<--- Insert your account size here (example: 10,000)
<--- Insert how much of your account you want to risk per individual trade (example: 3.00%). Aggressive traders average at 5%

<--- Insert your entry level (example: 1.2547)


<--- Insert your stop loss level (example: 1.2522)
<--- Insert your first target level (example: 1.2580)
<--- Insert the percentage of your trade to be exited at the first target (example: 60%)
<--- Insert your second target level (example: 1.2595). If you're exiting the whole trade at the first target, put the same value o
<--- Insert the percentage of your trade to be exited at the second target (example: 40%). If you're exiting the whole trade at th
<--- Money value for 1 pip if you trade 1 standard lot (example: 10.00). Find pip values for all currency pairs here: http://www

<--- This is the trade reward vs. risk ratio (you want this number to be always above 1.0, ideally above 1.5)
<--- This is how many lots you must take the trade with to risk the designated "Risk Per Trade" value

<--- This is how many pips you're risking on this trade should your stop loss be hit.
<--- This is how much money you're risking on this trade (should your stop loss be hit) if you trade the "Recommended Lots To

<--- This is how many pips you're aiming for on the fist target
<--- This is how much money you're aiming for on the fist target if you trade the "Recommended Lots To Trade"
<--- This is how many pips you're aiming for on the second target
<--- This is how much money you're aiming for on the second target if you trade the "Recommended Lots To Trade"
<--- This is how much money you're aiming for on the whole trade if you trade the "Recommended Lots To Trade"

Note: Make sure to enter data in the same currency under "Account Size" and "Currency Pair Pip Value". The outcome results
that currency.

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