Hi,

I am encountering a small problem.
My account is in CHF. I need a function that calculates the amount that I have to put in a currency, knowing that my stop is x pips and that I want a maximum risk of 3% of my account value in the base currency.

For example:
I would like to take a position in EURUSD with a stop of 50 pips.
Account value CHF 15000. I don't want to loose more than 3% (CHF 450).
What would be the amount of EURUSD I should take for these above parameters.

Can you help me with such a function ?

Many thanks in advance !

Please consider the following code

        ITick tickEURCHF = history.getLastTick(Instrument.EURCHF);
        double risk = 0.01;
        double stopLossPips = 20;
        
        double riskAmountEUR = account.getEquity() * tickEURCHF.getAsk() * risk;
        double riskAmountMilEUR = riskAmountEUR / 1000000; // amount is counted in millions not ones
        double orderAmountMilEUR = riskAmountMilEUR / (Instrument.EURUSD.getPipValue() * stopLossPips);
        
        print(orderAmountMilEUR);

Hi Support,
a consideration:

let's suppose:
1. I have an account in CHF
2. I have 15000 CHF
3. EURCHF = 1.2103

so in EUR I'll have

15000 CHF / 1.2103 = 12393.62 €


so the line 5 should be

double riskAmountEUR = (account.getEquity() / tickEURCHF.getAsk() ) * risk;

Best regards,
Frank