Resolved Question
How can I caculate pip increments from entry price without a calculator ?
If I want to calculate the price, for example -75 pips (take profit or stop loss) from my trade entry, is there away of doing this without use a calculator ?
Is there an indicator that will calculate this ? (Metatrader)
Or maybe a spreadsheet.
5 months ago
Best Answer - Chosen by Asker
I don't think there's an indicator that could do this for you so your calculator would still come in handy. Unless you can do these calculations mentally, of course! But that would be prone to human error and you might end up messing up your trade. You could also use a spreadsheet so that you'd simply input the entry price and you could instantly get the take profit or stop loss value by setting a formula.
5 months ago
Answers (1)
You are in luck! Check out the Pip value calculator I linked below. All you have to do is just input the position size, the pair you want to trade and the ask/bid price! Easy as pie!
5 months ago
Source(s):
* You must be logged in to add comments. Sign In or Join Askpips.com.
Open Questions in Beginner
Resolved Questions in Beginner
- Should I go live? Please give me your advice on this.
- For a newbie, which currency pair do you think is the best to start with?
- Which do you think is better? Daytrading or Position Trading?
- For a newbie like me, is $1000 a good starting deposit in forex?
- I work full time and I'm wondering if signal providers really work. Has anybody had any experience with them?
* You must be logged in to add comments. Sign In or Join Askpips.com.