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calculating the size of the position by takeprofit
 Post subject: calculating the size of the position by takeprofit Post rating: 0   New post Posted: Mon 01 Apr, 2013, 22:55 
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User rating: 0
Joined: Fri 04 May, 2012, 08:50
Posts: 11
Location: Spain, Madrid
Hi,

I need some help, I think I'm messing with it...

I want to open a position according to the following logic: My account is in EUR.
I know the takeprofit in pips I will use (eg 15 pips). Now I want to know many units should have the position, so that if the position closes on takeprofit the benefit is of such 5 EUR (eg). My problem is that it seems that the pip value changes according to the position units no?. If I divide between PL PL euro in pips get a different value each time, depending on the size of the position. On the other hand, do I need to know the fees before creating the order, no?

thanks, and sorry for the bad english!


 

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