ok what i do is this.....on any particular trade , i determine how many pips im willing to lose (i.e 40pips) then i divide that by the amount im risking on my account on that trade (ie 2%) this then gives me my desired pip value.
i then need to find the right amount of units that would give me this pip value on
Oanda.
I do this so when my stop loss hits, i know i've lost 2% and not more than that.
(any suggestions on this method ?)
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