calculating lot size to recover lost pips using a fixed TP value?
calculating lot size to recover lost pips using a fixed TP value?
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M_Arad · External communityPost link
External question — Stack Overflow Stack Exchange
Author: M_Arad
Original post: https://stackoverflow.com/questions/71342809
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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If I have let say 100 pips total loss on multiple trades , and I want to recover that 100 pips loss by opening a new trade which has 30 pips TakeProfit, how do I calculate the Lot size for this new trade, so that when the TP of 30 pips is hit , it will recover the loss which was incurred (100 pips loss)?
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Tman · External communityPost link
External answer — Stack Overflow Stack Exchange
Author: Tman
Original post: https://stackoverflow.com/a/71457410
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
If X lots = 100pips, first determine how many X lots will 30pips equivalent to 100pips.
Numbers of lots = X(100/30) or 0.33X lots size.
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Quoted from Forex.com.bd-Editorial External question — Stack Overflow Stack Exchange Author: M_Arad Source score (net votes, not local likes): 0 Original post: https://stackoverflow.com/questions/71342809 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. If I have let say 100 pips total loss on multiple trades , and I want to recover that 100 pips loss by opening a new trade which has 30 pips TakeProfit, how do I calculate the Lot size for this new trade, so that when the TP of 30 pips is hit , it will recover the loss which was incurred (100 pips loss)?
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