NOTE: Update Account and Exchange Rate values Daily PLEASE NOTE: This Spreadsheet is designed only to give

nly to give you an approximate Lot Size an

values are changing constantly.
Account Size (update daily) $10,000.00
Risk in % of Acct per Trade/Position. 0.50% The actual Pip value for pairs not ending with "/USD" will change as the exc
1 for a standard Lot.
Total Risk allowed on trade/Position: $50.00
If you use Risk as a % of account per trade, The Real value will rise and fall a
Start of Day Currency Exchange Rate USD/Std. Lot 2 drawdown adjust account size. Best to be conservative.
Quote Currency (update daily) Pip Value
AUD AUD/USD 0.76291 $7.63 For an updated Pip Value, you can put the current exchange rate in the field
3 will use the daily number above.
CAD USD/CAD 1.30695 $7.65
CHF USD/CHF 0.97010 $10.31 Each box has 3 lines. If Legging into a trade, Put a comment and have the a
4 loss. (Entry1: 100%, Entry2: 66%, Entry3: 33%)
EUR EUR/USD 1.12000 $11.20
GBP GBP/USD 1.30415 $13.04 As an example: Leg1 (base/initial entry) will be at 100%(3/3rds) of the stop
5 2/3rds the distance to the stoploss.
JPY USD/JPY 100.972 $9.90
NZD NZD/USD 0.72740 $7.27 an example: wide Consolidation: Entry/Leg 1: outside range @ 100% of SL, E
6 at ~33% of the range from the SL. Early entry.
USD Leave Blank $10.00

Stop Loss in Pips 20 Stop Loss in Pips

Pair to Trade AUD/USD Pair to Trade
Enter Current Rate for: Leave Blank Enter Current Rate for:
Pip Value per Std Lot in USD: $10.00 Pip Value per Std Lot in USD:

Entry @ % distance % of total Risk Actual # Lots

from Stop Loss allowed # Pips Risk Max $ Risk $Risk Allowed
Base Entry/Leg 1 100.0% 75.0% 20.00 $37.50 $36.00 0.18 Base Entry/Leg 1
Leg 2 33.0% 25.0% 6.60 $12.50 $11.88 0.18
Leg 3 0.0% 0.0% 0.00 $0.00 $0.00 0.00
Total: 100.0% $50.00 $47.88 0.36 Total:

Stop Loss in Pips 20 Stop Loss in Pips

Pair to Trade USD/CAD Pair to Trade
Enter Current Rate for: USD/CAD Enter Current Rate for:
Pip Value per Std Lot in USD: $7.65 Pip Value per Std Lot in USD:

Entry @ % of % of total Risk Actual # Lots

analyzed Stop Loss allowed # Pips Risk Max $ Risk $Risk Allowed
Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $48.97 0.32 Base Entry/Leg 1
 0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.0% 0.0% 0.00 $0.00 $0.00 0.00
Total: 100.0% $50.00 $48.97 0.32 Total:

Stop Loss in Pips 20 Stop Loss in Pips

Pair to Trade CAD/JPY Pair to Trade
Enter Current Rate for: USD/JPY Enter Current Rate for:
Pip Value per Std Lot in USD: $9.90 Pip Value per Std Lot in USD:

Entry @ % of % of total Risk Actual # Lots

analyzed Stop Loss allowed # Pips Risk Max $ Risk $Risk Allowed
Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $49.52 0.25 Base Entry/Leg 1
0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.0% 0.0% 0.00 $0.00 $0.00 0.00
Total: 100.0% $50.00 $49.52 0.25 Total:

Stop Loss in Pips 20 Stop Loss in Pips

Pair to Trade AUD/CAD Pair to Trade
Enter Current Rate for: USD/CAD Enter Current Rate for:
Pip Value per Std Lot in USD: $7.65 Pip Value per Std Lot in USD:

Entry @ % of % of total Risk Actual # Lots

analyzed Stop Loss allowed # Pips Risk Max $ Risk $Risk Allowed
Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $48.97 0.32 Base Entry/Leg 1
0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.0% 0.0% 0.00 $0.00 $0.00 0.00
Total: 100.0% $50.00 $48.97 0.32 Total:
 give you an approximate Lot Size and Risk. In essence to get you in the ballpark. Precise
g with "/USD" will change as the exchange rate changes. "/USD" pairs will always be $10.00
de, The Real value will rise and fall as your account grows or shrinks. If you have a Large
be conservative.
he current exchange rate in the field requesting a current value. If you leave this blank, it
rade, Put a comment and have the additional entries be based on a percent of Entry1 stop
3: 33%)
) will be at 100%(3/3rds) of the stop loss, where Leg 2 and 3 could be initiated 1/3 and
Leg 1: outside range @ 100% of SL, Entry/Leg 2: Inside Consolidation after it bounces off S/R
entry.
For positions with multiple entries, enter the percentage of the Max risk per trade
7 have. I.e.. (50%, 25%, 25%) etc.
If your Risk is $100, you might have the Entry/leg 1 be $50 (50%) and entry/leg 2,
8
with example in #6, 2 Legs: might allocate entry/Leg1 (outside consolidation) 75%
9 (inside Consolidation) allocate 25% of Risk.
The Lot Size has been truncated to 2 digits (not rounded) example: if the calculati
10 the value has been truncated to .25. this will keep risk below max.
Enter all your favorite pairs below so that you can quickly calculate the lots size.
11
Feel Free to make this your own. Don't like the colors? Change them :-). If you fin
12 them.
full Discloser: I Have seen people leg into trades, I normally don't. not experience
13 attempt to understand how to control the risk of mult-legs

20 Stop Loss in Pips 22

EUR/USD Pair to Trade GBP/USD
Leave Blank Enter Current Rate for: Leave Blank
Std Lot in USD: $10.00 Pip Value per Std Lot in USD: $10.00

Entry @ % of % of total Risk # Pips Actual # Lots Entry @ % of % of total Risk

analyzed Stop Loss allowed Risk Max $ Risk $Risk Allowed analyzed Stop Loss allowed
100.0% 100.0% 20.00 $50.00 $50.00 0.25 Base Entry/Leg 1 100.0% 100.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
100.0% $50.00 $50.00 0.25 Total: 100.0%

20 Stop Loss in Pips 20

USD/CHF Pair to Trade USD/JPY
USD/CHF Enter Current Rate for: USD/JPY 100.972
Std Lot in USD: $10.31 Pip Value per Std Lot in USD: $9.90

Entry @ % of % of total Risk # Pips Actual # Lots Entry @ % of % of total Risk

analyzed Stop Loss allowed Risk Max $ Risk $Risk Allowed analyzed Stop Loss allowed
100.0% 100.0% 20.00 $50.00 $49.48 0.24 Base Entry/Leg 1 100.0% 100.0%
 0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
100.0% $50.00 $49.48 0.24 Total: 100.0%

20 Stop Loss in Pips 20

AUD/JPY Pair to Trade EUR/JPY
USD/JPY Enter Current Rate for: USD/JPY
Std Lot in USD: $9.90 Pip Value per Std Lot in USD: $9.90

Entry @ % of % of total Risk # Pips Actual # Lots Entry @ % of % of total Risk

analyzed Stop Loss allowed Risk Max $ Risk $Risk Allowed analyzed Stop Loss allowed
100.0% 100.0% 20.00 $50.00 $49.52 0.25 Base Entry/Leg 1 100.0% 100.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
100.0% $50.00 $49.52 0.25 Total: 100.0%

20 Stop Loss in Pips 20

EUR/CAD Pair to Trade GBP/CAD
USD/CAD Enter Current Rate for: USD/CAD
Std Lot in USD: $7.65 Pip Value per Std Lot in USD: $7.65

Entry @ % of % of total Risk # Pips Actual # Lots Entry @ % of % of total Risk

analyzed Stop Loss allowed Risk Max $ Risk $Risk Allowed analyzed Stop Loss allowed
100.0% 100.0% 20.00 $50.00 $48.97 0.32 Base Entry/Leg 1 100.0% 100.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
0.0% 0.0% 0.00 $0.00 $0.00 0.00 0.0% 0.0%
100.0% $50.00 $48.97 0.32 Total: 100.0%
ntage of the Max risk per trade each position will If anyone know how to pull the Exchange rate automatically from Alveo or MT4 using a Data Link. Let
14 me know.
be $50 (50%) and entry/leg 2,3 be $25(25%) each If someone wants to make this more generic with an option to pick the BASE currency. That would be
15 helpful for those with base Currencies other than USD
g1 (outside consolidation) 75% of Risk. and Leg2

nded) example: if the calculation show .25987 Lots,

risk below max.
quickly calculate the lots size.

rs? Change them :-). If you find errors,feel free to fix

ormally don't. not experienced enough :-). This is my

ult-legs

Stop Loss in Pips 20

Pair to Trade NZD/USD
Enter Current Rate for: Leave Blank
Pip Value per Std Lot in USD: $10.00

# Pips Max $ Actual # Lots Entry @ % of % of total Risk Max $ Actual # Lots
Risk Risk $Risk Allowed analyzed Stop Loss allowed # Pips Risk Risk $Risk Allowed
22.00 $50.00 $48.40 0.22 Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $50.00 0.25
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
$50.00 $48.40 0.22 Total: 100.0% $50.00 $50.00 0.25

Stop Loss in Pips 20

Pair to Trade EUR/GBP
Enter Current Rate for: GBP/USD
Pip Value per Std Lot in USD: $13.04

# Pips Max $ Actual # Lots Entry @ % of % of total Risk Max $ Actual # Lots
Risk Risk $Risk Allowed analyzed Stop Loss allowed # Pips Risk Risk $Risk Allowed
20.00 $50.00 $49.52 0.25 Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $49.56 0.19
 0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
$50.00 $49.52 0.25 Total: 100.0% $50.00 $49.56 0.19

Stop Loss in Pips 20

Pair to Trade GBP/JPY
Enter Current Rate for: USD/JPY
Pip Value per Std Lot in USD: $9.90

# Pips Max $ Actual # Lots Entry @ % of % of total Risk Max $ Actual # Lots
Risk Risk $Risk Allowed analyzed Stop Loss allowed # Pips Risk Risk $Risk Allowed
20.00 $50.00 $49.52 0.25 Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $49.52 0.25
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
$50.00 $49.52 0.25 Total: 100.0% $50.00 $49.52 0.25

Stop Loss in Pips 20

Pair to Trade CAD/CHF
Enter Current Rate for: USD/CHF
Pip Value per Std Lot in USD: $10.31

# Pips Max $ Actual # Lots Entry @ % of % of total Risk Max $ Actual # Lots
Risk Risk $Risk Allowed analyzed Stop Loss allowed # Pips Risk Risk $Risk Allowed
20.00 $50.00 $48.97 0.32 Base Entry/Leg 1 100.0% 100.0% 20.00 $50.00 $49.48 0.24
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
0.00 $0.00 $0.00 0.00 0.0% 0.0% 0.00 $0.00 $0.00 0.00
$50.00 $48.97 0.32 Total: 100.0% $50.00 $49.48 0.24
 List of
Currencies rate needed
AUD/CAD CAD
AUD/CHF CHF
AUD/JPY JPY
AUD/NZD NZD
AUD/USD USD
CAD/CHF CHF
CAD/JPY JPY
CHF/JPY JPY
EUR/AUD AUD
EUR/CAD CAD
EUR/GBP GBP
EUR/JPY JPY
EUR/NZD NZD
EUR/USD USD
GBP/AUD AUD
GBP/CAD CAD
GBP/CHF CHF
GBP/JPY JPY
GBP/NZD NZD
GBP/USD USD
NZD/CAD CAD
NZD/CHF CHF
NZD/JPY JPY
NZD/USD USD
USD/CAD CAD
USD/CHF CHF
USD/JPY JPY