Thread: How to Calculate volume needed to earn specific amount

I want to earn $15.00 from a rise of 6 Pips.
In my latest trade of the same currency pair, I dropped $11.39 by minding 4.5 Pips trading a variety of 70000 units.
Admits that I'm guaranteed to acquire my trade, what quantity do I want to buy to earn exactly $15.00?
Please give me the formula for it, thanks!

Thanks. What is the formula for it?

Originally Posted by ;

Thanks. What's the formula for it?

15/6 =2.5
So 2.5$ required each pip, which can be 0.25 lot

The earnings each pip vary depending upon the deposit currency as well as the pair traded. For instance, GBPJPY earns another amount per pip compared to USDCAD. Your formula does not take that into consideration.

In my latest trade of the same currency pair, I dropped $11.39 by minding 4.5 Pips trading a volume of 70000 units. That does not work out to $0.10 a pip on a 0.25 lot.

You want to use the tick's worth in deposit currency.
This code will provide you just how much a point is worth on your deposit currency:
Inserted Code double TickValue =SymbolInfoDouble(Symbol(),SYMBOL_TRADE_TICK_VALUE ), //tick worth deposit ccy TickSize =SymbolInfoDouble(Symbol(),SYMBOL_TRADE_TICK_SIZE) , //tick size in points PointValue=TickValue/(TickSize/Point); //1 point in deposit ccy Should you prefer to go old school, you may use MarketInfo() rather than

Originally Posted by ;

I need to earn $15.00 from an increase of 6 Pips. In my most recent trade of the same currency pair, I dropped $11.39 by minding 4.5 Pips trading a variety of 70000 units. Presuming that I'm guaranteed to win my trade, what volume do I need to purchase to earn just $15.00? Please provide me with the formula for this, thanks!

0.25 lots for 6 pips to get 15 USD