Market Entry Calculator 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 think before opening a position. They see a signal and execute the trade immediately, only then calculating their profit or loss.

These traders never calculate the value of a pip or consider every minute detail.

Naturally, this category of traders, at best, operates with a static lot, but sooner or later, in the heat of the moment, they enter a position with an excessively large lot and lose almost their entire deposit.

The second group of traders, also known as professionals, always knows in advance how much they can lose or gain from a position, calculate everything down to the last detail, and practice strict money management.

Typically, traders fall into the second category after completing the first, specifically by correcting their mistakes. In fact, to become a successful trader, you need to love numbers and carefully calculate potential profits, losses, and lot sizes for a given deposit, as well as strictly adhere to all capital management rules.

The program "Market Entry Calculator 1.1" 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 a simple Excel file, so you must have Excel installed on your computer to run it.

Working with the program

This program is designed as a spreadsheet with formulas that accept specific values. When you launch the file, you'll see that the program is designed to calculate lot sizes for the following currency pairs: Euro/Dollar, Dollar/Charcoal Franc, Dollar/Yen, and Pound/Dollar. Values ​​are calculated for both buy and sell orders, so enter the values ​​in the appropriate spreadsheet. The spreadsheet looks like this:

 Values ​​should be entered in the right column, not the left. So, in row 6 of column B, enter the price at which you plan to open the position. In row 8 of column B, enter the stop-loss price, and in row 10 of column B, the take-profit price.

After you've entered these three values, the program will automatically calculate the number of pips you'll earn for the take-profit and stop-loss, the cost of one pip, and the profit and loss in dollars.

 To calculate the lot size 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 trade in dollars \ Amount of your deposit * 100. Therefore, opposite this formula, in line 34, in column B, you will need to indicate the amount of risk in dollars per trade, and in column C of the same line, enter the amount of your deposit .

 In conclusion, the "Market Entry Calculator 1.1" program significantly simplifies the calculation process and eliminates the need for a calculator, where the same operations would take 10 minutes.

Download the "Entry Calculator" program

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