FX.co ★ Nicat Veli | Trading Strategies

Hello my friends in this thread I am going to share a Risk Calculator for Trading Strategies which I developed my self with using Microsoft Office Excel program. At first this calculator had to be my 8 Mart gift for my dear sister NikitaBelle then I thought that why not to share it with not only my sister but also with everybody in this forum by opening a special thread for it. But still this Risk Calculator is specially developed for my dear sister Nikita I opened the thread hear because I think this calculator is related to every trading strategy and it can be used with every method. I hope I chose the best place to open the thread
By using this Risk Calculator you can
- Calculate your percentage of risk per a position
- Calculate your stop loss and take profit levels
- Calculate pip value of each pair.
This calculator developed specially for InstaForex accounts and I can not guarantee that it will work with instruments of other brokers because the pip value of each pair was taken from InstaForex itself
The calculator has to be opened with WinRAR to extract excel file from the zip file and then you will have to have Microsoft Office Excel to use it.
General view of the Calculator

You will see two tables and ten shortcuts written by the names of currency pairs. Two table are our calculators for buy and sell orders and the shortcuts open the exact calculator for each pair. You just need to click that shortcut to open that calculator.
Calculator parameters
Starting Deposit - here you enter your current balance
Entry point - here you enter the entry point of your position
Stop Loss in pips - here you enter the stop loss of your position in pips.
Take Profit in pips - here you enter take profit of your position in pips
Stop Loss level - here the Calculator shows the stop loss level of your position
Take Profit Level - here the Calculator shows take profit level of your position
Lot size - in this cell the calculator will calculate the lot size of your position automatically according to risk from deposit entry
Dollars per a pips - here there will be pip value of each pair and the calculator will use this value in lot calculation
Risk from Deposit - here you will enter the risk level of your trade and calculator will use Starting Deposit, Stop Loss in pip and dollar per a pips value to calculate your lot size.
Math behind this calculator.
It was not easy to figure out formula behind this calculator for foreign languages student as me but I manage to find simple but effective forumla to calculate each pair separately. It can be several cent differences but calculator gives 99% true calculation. The pip values of each pair were taken from InstaForex site. If you are interested in formulas I can write each formula here.
Pip Values of each pair

Shortcuts

You can use this calculator for calculating your risks and you can just interested in how much I risk in a position and you can enter deposit, stop loss and risk percentage to see how far you are from your planed risked. Lot size calculation can help you to manage and control your risks especially with unusual pip values can be overcome with this calculator. I spend hours of hard work to create this calculator and I hope our forum members will appreciate it