I have entry price and stop loss for a trade, Is there a calculator I can use to find position size for fixed amount of risk in USD…say $1500?
I am tired of calculating manually.
Thanks
Sal
It’s a different calculator. It wants three inputs which I do not have unless I calculate. All I have is entry price, stop loss price and risk in USD.
Don’t you know your account balance, percentage you are prepared to risk, and the pair you are trading?
Is there anything online on web?
i risk fixed amount every trade and I do not want to calculate pips to enter. I just want to enter entry price, stop price and risk in USD to get volume or lots of currency to buy/sell
You MUST know how much is in your account. If you do, and you risk a fixed amount every trade, you can get your risk percentage;
Account balance, say $100.
Fixed risk amount, say $3
Percentage you are prepared to risk =3% (100/3)
You MUST know what you are trading. Are you trading Aud/Usd, Usd/Gbp, etc?
Once you have your account balance, risk percentage, and pair you are trading, you can use the free calculator here on BabyPips to get your position size
yes, now i think it’s a better procedure. but how to use Position Size Calculator - BabyPips.com when trading xauusd?
yes, I’ll install it. how to get that mt4 and mt5 desktop plugin?
do you have apple app store link for this? I use iphone