I want to set a take profit for trades that will result in a specified dollar gain.
How can I calculate this? In the examples below, what math will I need to use to set a take profit that will result in a $50 gain?
For some of the forex symbols 1 pip and 1 Lot are ~10$
If so you need 5 pips of a 1 lot-position.
To add comments, please log in or register