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simpletrader control panel - calculate absolute risk
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Originally posted by Hansen View PostI 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
Pete
Risk Management.JPGLast edited by petermatt; 06-30-2017, 08:26 PM.
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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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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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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.
/HansenTags: None
Leave a comment: