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tradesbystan
How to calculate Lot Size in Excel ?
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Apr 21 at 19:24
Hello guys,I am trying to create a trading journal on Excel that tells me what Lot Size to take in order to risk only (let's take an example) 1% of my Total Capital.I did some research and here is the formula :Lot Size = (Account Balance x Risk Percentage) / (Stop-Loss in Pips x Value per Pip)The problem is, in order to calculate the Value per Pip, I apparently need the Lot Size (according to the Value per Pip formula) :Value per Pip = Lot Size x Quote Currency PipSo it seems that I need the Value per Pip to calculate the Lot Size, but I need the Lot Size to calculate the Value per Pip. He...
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