Calculator Overview:

1. This calculator helps you calculate the following parameters that suits your need accurately and fast.
• order lot size
• take profit price
• stop loss price
2. To calculate the lot size, you only need to enter the money that you want to win and the pips that you want to win, the calculator will automatically calculate the lot size for you.
3. To calculate the take profit and stop loss price, you only need to enter the open price and how many pips you want to add or minus, the calculator will automatically calculate the price for you.

Additional features in the calculator:

1. The calculator has been optimized for use of various color schemes, which are as below at this current version.
• Blue
• White
• Green
• Black
2. The calculator will show you the 1 pip profit per 1.00 Lot for the symbol which you attach the indicator to. In other words, if the 1 pip profit per 1.00 Lot for USDJPY is 0.81 USD, it means that for USDJPY, if you open 1 lot buy order, when the symbol price increases 1 pip, your profit is 0.81USD
3. You are welcomed to contact me at hanhuitan@gmail.com if you need additional related features. If the features are related, useful and implementable, I could add the features into the calculator free for you as I hope to serve you better and make your money worth!

Calculator Setting:

1. Money to win: The money that you plan to win in your account currency.
2. Pips to win: Number of pips that you plan to win.
3. Open price: The opening price of your order.
4. Pips to add on open price: Number of pips that you plan to add to your open price to calculate the take profit/stop loss price.
5. Pips to minus from open price: Number of pips that you plan to minus from your open price to calculate the take profit/stop loss price.

Example:

You attach this calculator indicator to the symbol USDJPY and set the properties as followed.

Money to win(USD): 100

Pips to win: 200

Open Price: 123.611

Pips to add on open price: 300

Pips to minus from open price: 400

Text Color: Red

Example Calculator Output (see screenshots for better understanding)

Symbol Spread: 19 pips

1 Pip Profit Per 1.00 Lot : 0.81 USD

Lot Size To Win 100 USD For 200 Pips : 0.62

Open Price (123.611) + 300 Pips : 123.911

Open Price (123.611) - 400 Pips : 123.211

Extra Knowledge:

1. For xxxUSD symbols/pairs, the 1 pip profit per lot is a fixed value. For example, at Broker A, 1 pip profit per lot for EURUSD is always 1.00 USD.
2. But, for USDxxx symbols/pairs, its 1 pip profit is changing depending on current price. For example, at Broker A, 1 pip profit per lot for USDJPY is 0.81USD at ask price 123.563. When the ask price changes, the 1 pip profit per lot will vary too.
3. This calculator is especially helpful when you start trading pairs/symbols that are USDxxx or those pairs/symbols/CFDs that you are not familiar yet in the metatrader 4 platform.