Hello, I`m trying to create a calculator for my trading style in excel,
I`m trading only using either buy or sell stops.
I need to calculate my risk rewards.
For example I have a buy stop on EurUsd
Entry : 1.23053
Stop Loss : 1.22383
Now my take profit should be the same range as the distance from entry to stop loss,
which in this example would be : [entry]-[stop loss] = 1.23053 - 1.22383 = 0.00670
+ spread + commission + a few pips of pure profit.
I`m using IC Markets and the commissions for EURUSD are
EUR 0.03
(EUR 0.06 round turn) (I have no idea what round turn means)
Furthermore i`m planing to later on calculate the risk:reward in euros.
I`m trading only using either buy or sell stops.
I need to calculate my risk rewards.
For example I have a buy stop on EurUsd
Entry : 1.23053
Stop Loss : 1.22383
Now my take profit should be the same range as the distance from entry to stop loss,
which in this example would be : [entry]-[stop loss] = 1.23053 - 1.22383 = 0.00670
+ spread + commission + a few pips of pure profit.
I`m using IC Markets and the commissions for EURUSD are
EUR 0.03
(EUR 0.06 round turn) (I have no idea what round turn means)
Furthermore i`m planing to later on calculate the risk:reward in euros.
The truth is hidden from you