Dukascopy Support Boardhttp://www.dukascopy.com/swiss/english/forex/jforex/forum/ Money Management - PIP Value to calculate Amount (millions) for tradehttp://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=146&t=57376 Page 1 of 1

 Author: OliverJervis [ Tue 23 Jun, 2020, 20:22 ] Post subject: Money Management - PIP Value to calculate Amount (millions) for trade Hello everyone. - I hope this finds you all doing well.Looking for some insight/direction, and suggested improvement, please.I manage the risk taken with each trade. - This is calculated as a % of current equity:Example scenario for illustration. (Say \$50,000 USD in equity)-If I only wish to "risk" 1% of my account equity per trade. (\$500)-If the trade risk is 50 pips. -Then the amount to risk, per pip, equals \$10. Easily calculation for EUR/USD trade = 0.1000 Amount (millions)Where I'm "stuck" is how to accurately calculate the Amount (millions) for a trade across other currency pairs. (As the pip value varies from currency to currency.)Example scenario for illustration. (Same parameters as above, except using AUD/CHF pair)-If I only wish to "risk" 1% of my account equity per trade. (\$500)-If the trade risk is 50 pips.-Then the amount to risk, per pip, equals \$10. AUD/CHF trade = 0.0945 Amount (millions)Any suggestions on how to achieve this? - I apologize, the forum won't currently let me upload any supporting files. (I keep getting "server error") Thank you in advance for your time.

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