Just noticed this: For EUR/JPY: $10,000 / 1.2398 (current EUR/USD exchange rate) = 8,066 units which checks out on my broker. For GBP/JPY: $10,000 / ...
Yeah I was going to try and figure out a non-SL based calculation after this- I was starting from the % risk angle since I figured it would help me re...
What we ultimately want is this (in MC I'm using the exchange rate and PriceScale to calculate StandardLotDollarValuePerPip) : (RiskCapital / (StopLos...
The issue I'm running into with using python is that when I do the calculation in MultiCharts, I'm using some variables provided by the broker (when o...
Yeah let me get you a way better manual calc-- I'm actually doing the ones for #1 BACKWARDS now that I went to plug them in to my broker to check. I h...
Also-- sorry, when I looked at the sizing you posted above (for ATR based stop sizing) I only looked at AUD/USD. For non base pairs you'd need to use ...
Yeah the ATR based sizing looks right. For the sizing in #1, if you wanted to buy $10K worth of a spot currency that ends in USD you would just be buy...
Also, as far as commissions: In spot FX obviously you've got both spreads and commissions. On some of the more exotic pairs, and even on the majors du...
I'm not sure if this is what you're looking for or not, but here's how I calculate position size. Personally I throw margin/leverage out of the calcul...