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Subscribe Stay on top of Forex market updates, Everyday. Subscribe to our Daily Market Insights! This Excel calculator is a basic demo for the optimum placement of stop losses and take profits to achieve a given trade win ratio. The sheet can work either as a trade checker or an advisor. Choose the option from the first selector in the spreadsheet. Adding data Before using the result, make sure you upload a recent data sample for the currency pair you are trading.
Export the data for your currency pair to a CSV file. The date label and the number of data points should update once you enter your data sample. Important: Make sure to set the timeframe to match the your data, otherwise the calculations will be inaccurate. For the most accurate results, the projected trade time in the spreadsheet, should lie between 100 and 1000 intervals. Market Behavior If you have a particular view on the market, you can enter it here. You expect the current trend to reverse. For example, if the market is trending strongly upwards, use this value if you expect the market to turn and reverse with a similar counter-trend.
Trade Time Enter a target trade time. The more profit you want to capture, the longer your time frame will need to be. As mentioned above, for best results, choose a setting between 100 and 1000 intervals of your data sample. So for example, if you want to enter a day trade, you could use 288 x 5 minutes. Target Win Ratio Enter the win ratio that you want to achieve.
The win ratio is the ratio of the number of winning trades to the number of trades entered. Generally, for a higher win ratio you will need to accept a lower profit on each trade. Results The result cells will show you the results of the calculation and where to place your trade exit points. Learn to use Stop Loss effectively Still unsure whether you need it?