Make sure to always double check results and reference the. Lots: This is how many lots you need to enter your new trade to keep in-line with the amount you put into the calculator inputs. Colors and fonts are up to you Have fun with this. Get the last 6 months Step 4: Now arrange your data to look like the following or something similar. Units: This is how many units you need to enter your new trade to keep in-line with the amount you put into the calculator inputs. Step 3: Copy and paste your data into an empty spreadsheet or open the exported data file from Step 1. Money or Risk Ratio %: This is either how much money or what percent of your account you are risking. Stop Loss in Pips: This is how big your stop loss is in pips.Ĭurrency Pair: The currency pair you are trading.Ĭurrency Price: This option won’t always show up, but when it does make sure that you enter the price that the calculator asks for and NOT the price of the pair you are trading. Risk Ratio or Money: There is a button on the right that you can hit to switch between risking either money or %. The calculator will give you your results in both units and lots and depending on whether you entered in a dollar amount or a percentage it will also tell you how much money or percentage of your account you are going to be risking in the trade.Īccount Currency: This is your account currency that your account is trading in.Īccount Size: How much money you have in your trading account. After clicking buy or sell, a 3,000 deal would be executed where the potential exists to profit or lose 0.27 or 0.30 per pip. 3 micro lots x 0.10 (which is the value of a pip for one micro lot) 0.30 per pip.
![forex pip calculator excel forex pip calculator excel](https://www.forexschoolonline.com/wp-content/uploads/2019/07/pip.png)
The Forex position size calculator is an important tool that will help you quickly and efficiently work out the required trade size that you need to put on taking into account your trades parameters. Calculating the pip value for this forex lot size is easy because we already know it is 0.27 or 0.30.