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simpletrader control panel - calculate absolute risk

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  • simpletrader control panel - calculate absolute risk

    I would like to know if anyone has the exact formula to calculate the following (as an example):

    I follow a signal from master that has AUD as base currency.
    My account is in EUR as base currency.
    If I want risk 0.5, how do I calculate it so that I can adjust the risk setting to exactly match the Master account (want to risk the same percentage of capital on my account as the master / 2) ?

    thanks if someone knows this I'd be grateful.

    /Hansen

  • #2
    Hi Hansen, I think this is correct but please check with support.
    EUR AUD is currently1.485 or 1 AUD = 0.7425 Euro so to get half risk enter 0.37125

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    • #3
      Originally posted by fabx View Post
      Hi Hansen, I think this is correct but please check with support.
      EUR AUD is currently1.485 or 1 AUD = 0.7425 Euro so to get half risk enter 0.37125
      Thanks fabx - sounds reasonable

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      • #4
        Hansen I think I have got it around the wrong way,

        I think to run it at 1 x risk is 1,485 and half risk would be 0.7425

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        • #5
          Originally posted by Hansen View Post
          I would like to know if anyone has the exact formula to calculate the following (as an example):
          I follow a signal from master that has AUD as base currency.
          My account is in EUR as base currency.
          If I want risk 0.5, how do I calculate it so that I can adjust the risk setting to exactly match the Master account (want to risk the same percentage of capital on my account as the master / 2) ?
          thanks if someone knows this I'd be grateful.
          /Hansen
          In your Control Panel select the Trader/Manage/Edit, then select the Risk Management tab and everything you need to know will be there for you to change (see attached image)

          Pete

          Risk Management.JPG
          Last edited by petermatt; 06-30-2017, 08:26 PM.

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          • #6
            Much appreciated - thanks to you both!

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