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how can I calculate my stop loss with the pips in $

 
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doccanard

how can I calculate my stop loss with the pips in $

Hi Guy,
I would like to have my money management, but I am not able to know how easily I can change pip in $.
Normally if $0.10 cent is 1 pip, 5 pips is $0.50c?
but If I take 0.04 quantity , 1 pip is 4*$0.5?
Did someone know a soft for that?
Tx you
Cesmoadoc

Wed, 07/24/2019 - 6:43am
 
gpdno

I usually just do the math in my head to get it close but if I'm not trading an xxx/usd pair I will use this...

https://www.myfxbook.com/forex-calculators/position-size

Peace,
Greg

 
bipin819

Right. Different pairs have different values