Program “Market Entry Calculation 1.1”
If we consider traders and their actions when opening positions, then almost all of them can be divided into two conditional groups.
The first group of traders almost never thinks before opening positions; when they see a signal, they immediately carry out a transaction with lightning speed, and only then calculate their profits or losses.
Such traders never calculate the value of a pip and do not take into account all the smallest details.
Naturally, this category of traders, at best, work with a static lot, but sooner or later, out of courage, they enter a position with too large a lot and lose almost the entire deposit.
The second group of traders, which are also called professionals, always know in advance how much they can lose or profit from their position, calculate everything in the smallest detail and conduct strict money management.
The “Market Entry Calculation 1.1” program is a simple program that allows you to very quickly calculate the possible profit and loss from a transaction, allows you to quickly and competently calculate lot size to enter a position. This program is designed as a simple Excel file, so in order to run it you must have Excel installed on your computer.
Working with the program
This program is designed in the form of tables with formulas into which certain values must be entered. When you launch the file, you will see that the program is designed to calculate a lot on the following currency pairs: Euro/Dollar, Dollar/Franc, Dollar/Yen, Pound/Dollar. Values are calculated for both purchases and sales, so enter the values in the appropriate table. Table appearance:
The values should be entered not in the left column, but in the right one.
So in line 6 of column B, enter the value of the price at which you plan to open a position. In line 8 of column B, indicate the closing price for the stop order, and in line 10 of column B, the exit price of the trade for profit. After you have entered these three values, the program will automatically tell you, calculate the number of points that you will earn by profit, by stop order, indicate the cost of one point, and indicate profit and loss in dollars.
In order to calculate the size of the lot you need when opening a position, go directly to point 9 and find line 34. The formula for calculating the lot is quite simple: Amount of risk per transaction in dollars \ Amount of your deposit * 100. Therefore, opposite this formula you will need 34 line in column B indicate the amount of risk in dollars per transaction, and in column C of the same line set the size of your deposit .
In conclusion, it can be noted that the “Market Entry Calculation 1.1” program significantly simplifies the calculation process and allows you to abandon the calculator, in which the same operations would take 10 minutes, but with the program you will spend no more than a minute.
Download the "Input Calculation" program
.