Position size is given in regular sized 100k lots and in 10k "mini" lots. When the ideal position size includes fractional lots, the number of lots is rounded up and down.
Risk Controller Instructions
Input Two Risk Limits:
Risk Limit per Trade, as a percentage of your Trading Account Equity: Traders have different risk tolerances. New traders use 2%, e.g. $200 for a $10,000 account. Generally this percentage is kept the same from trade to trade.
Risk Limit per Lot, expressed in pips: This equals the distance between the trade entry price and the risk control stop order. This amount can vary from trade to trade and currency to currency.
Push the "Calculate" Button
Then Risk Calculator will then determine the ideal position size.
"Trading Account Equity" is the value of your trading account.
"Risk Limit per Trade" is the maximum you are willing to risk on a single trade. This is entered as a a percentage of your account equity.
"Risk Limit per Lot" is the maximum number of pips to risk on this trade. It is also the difference between the entry price and the stop loss order price, in pips, expressed as a positive number.
"Current Trade Type" Select Buy or Sell.
"Currency" Select Currency Pair for the trade.
"Input Entry Price" Input the anticipated entry price.
"Stop Loss Order Price" is the exit order price to place to control or "stop" a loss from growing beyond the risk limit.