Seems like I made a bit of a calculation mistake on this video! Please note that the tool works fine for USD currency pairs, but may not work properly for other markets/pairs. Please keep this in mind.
How would you do this if you are scalping the 5 minutes time frame ? By the I do all the calculations to get the lot size to take the trade the candel has already moved.
amazing video nick. but i think there is an error bcs on google it shows 1 standard lot is equals to 1,00,000 units but here you mentioned 10,000 units
Thank you so much nick. I have been looking for a lot size calculator just like this. Thanks for the Huge knowledge. We are so grateful to have you on our back. Learned so much from you. Thanks again🙏🙏
This calculation is difficult.. lets do it easy....for example if you have 5000 and you want to risk 1% means 50$ so decide pips .. 50÷20pips= 2.5$ per pips los .then 2.5$÷10= 0.25 is your lot size... so use this formula 😊
Also, once you get that template as you prefer.Go to the cross button and place the trade.Or any of the trade ordering configuration 😊 Remember, that template is just THAT, a template.Now place the order.😊
Great video! How about choosing a position size when using leverage? Does it really matter? Let's say I have a strategy where I have a fixed TP (20 pips) and fixed SL (40 pips) and I want to risk 1% per trade. Which leverage should I choose... and how does it impact position size? I guess, I'm missing something here..
Hi Nick! Thanks for the great content like always. I have two questions: why we divided by 10000? And what about the risk % and the stop loss distance? If we for example risk 1% and change the stop loss distance by lowering the distance or make bigger is this could change the risk %? I just confuse between the risk % and the stop loss distance. Thanks
I think it should be divided by 100,000. Because we know that when we enter a lot size we dealling with standard lot which is 100,000 units ( 1 micro = 1000 units , 1 mini = 10,000 , 1 standard = 100,000 ), so for example if it's 2000 units you will put in a lot size box 0.02 because we will divided it by 100,000 and it seems logically. and for your next question I think if you change your stop loss the units will change to fit exactly to your risk percentage that you are already putted, so the risk % would never go up or down than you put. { Note that I'm still beginner and I've never traded yet }
I guess it is not 0.37 lot size rather it will be 0.03 lot size...because 0.37 means 37000 quantity and not 3700 quantity... As 1 lot means 100000 contract and 0.1 means 10000 quantity and 0.01 means 1000 quantity if I m not wrong then please correct me if I am...
do you have any videos showing how you trade on TV with Oanda linked? I need some more examples lol do you also have videos covering pairs offered on Oanda? I know the regular currency and foreign pairs are on there but I have also seen online that CFDs are available, yet I can not find them?
ua-cam.com/video/-NiFIzuH8HU/v-deo.html&ab_channel=TraderNick Yes! Here you go. If you feel inclined, please feel free to use my signup link in the description!
So, whebn creating order, we just simply edit the LOT size which is in default 1? then proceed to trade? thanks.. pls make other videos about it.. iots kina hard to look for such infos reagarding hjow to use this lot size , quantity etc in trading view...The numbers and decimal points are confusing. thanks!
i dont know if i missed up something about a the 10, 000 you divided the quantity, i got lost there, since i didnt know where this 10, 000 was comming from, again, maybe i lost something
Just when I needed a video to explain this, you come out with it!When you join Oanda, do you automatically get premium trading view features or would I still have to buy trading view premium?
When u open an Oanda account all you have to do in trading view is login into your account and that's it. There's a dash button to click on at the bottom of the right hand side of your trading view page When you click that look for oanda and login
How do u buy 3700units with $1000 account balance? I hv seen many videos of ppl saying that u can’t put the trade if ur lot size is bigger than the account balance
Brother, quick question : lets say i am on a 10k funded account with 100x leverage. In the position size calculator, what should i put my account size? $10k or $1m??
when calculating lot size using QTY/units, shouldn't it be divided by 100,000, considering 1 lot or 1 standard lot is 100,000? Meaning the example of 3749 qty actually equates to 0.03749 lots?
mt4 what and how is there a difference between - the new trade there is the volume --example i put .1 wanting a 1 mini contract but on the terminal the trade is shown size .10 ?
Seems like I made a bit of a calculation mistake on this video! Please note that the tool works fine for USD currency pairs, but may not work properly for other markets/pairs. Please keep this in mind.
so what was the mistake lol
Aleast tell us what's the mistake?
@@shanqureshi4344 not for pairs rather than usd
hie nick, why did u devide the quantity figure by 10000. please enlighten me
I think it will work if you just convert the value of USD to the currency of the market you want to trade.
Oh man, you just dropped a tutorial on a topic that I have been wanting to know for so long on Trading View. Thank you so much Nick!
Hello i want to connect with on any social network.
Loved the video Nick! really broke it down how to calculate lot sizes, learned a lot!
One of the best yt videos I’ve watched today. This helps a lot, thanks!
Best one yet, such a relief you don’t even know. I couldn’t understand lot size or how to calculate it until this video 🎉❤
You answered the question I was looking weeks for!! Thank you!!!
thank god i found this explanation , all the best chief
Finally someone understood the assignment. Thank you :)
Thank u for the DETAILED explanation! U have no idea how much I needed this! Appreciate it❤
standard lot size is 100000 not 10000. little correction otherwise pip values will be 10x multiply.
should we always divide it by 100000/ THANKS
Please I need guide
This comment is underrated lol if some one follows nicks method they could be risking 30% not 3% of their account😅
@@sysm87I just did. So glad I trade a demo alongside my main😭
Thank you so much man just about to risk a lot more than I wanted 😅😅
0.37 lot is not 1.5% risk on a 1k acc that’s 15% risk. $3.75 x 40 pips = $150 risk
He made a mistake. On the buy tool he put in 1k but then he divided 3750 by 10000 and got 0.375 which is 150 which would be 1.5% of 10000 6:22
Probably the best video on the internet covering this topic, thanks!
My goodness thank you so much you are indeed a God sent
You answered the question I was looking for for several days. Thanks bro
This was the right VId I have been Hoping for thank you so much bro
Finally I understand thank you so much.
Perfect trick what I was looking for. I was trying to create excel for this. But this is fastest way to calculate quantity.
Very well done video, Easily explained and easy to understand
thank you nick that makes sense and I never knew!
Great vid, thx
So useful, thanx!
Why divide by 10000 please?
Just the video I needed! THANKS NICK
How would you do this if you are scalping the 5 minutes time frame ? By the I do all the calculations to get the lot size to take the trade the candel has already moved.
Did you get the answer bro? Please help
Great video learned a lot worth the time 😊
Thank you so much, this video was very helpful
Isn’t it supposed to be divided by 100000 which is 1 lot size?
THANKS IT HELPED ME
THANK YOU SO MUCH MAN I LOVE YOU
Very well presented nick
I wish someone would make videos for people who aren’t complete beginners
amazing video nick. but i think there is an error bcs on google it shows 1 standard lot is equals to 1,00,000 units but here you mentioned 10,000 units
This was extremely helpful, thank you
Thank you, well explained!
Thanks for the video
Good video as usual Nick, very helpful, thank you.
Very helpful.
risk management and lot size to risk is very important no matter how experienced you are
Nice one!
wow, exactly what ive been looking for.
good video. thank u
Thank you for this video
Thank you so much nick. I have been looking for a lot size calculator just like this. Thanks for the Huge knowledge. We are so grateful to have you on our back. Learned so much from you. Thanks again🙏🙏
After you input your lot size, profit, and stop loss for the trade, what happens after you click "OK"?
Great explanation!
Nice video Nick! Hope you can create a video about leverage next! :)
Great content Nick 🔥
Does it also apply on indices
You saved me! Thanks a lot
big shout out for u
Best video. Every other one on this topic talks too much about pips and makes it confusing
Thanks
Good looks my boy
Great content Nick
This calculation is difficult.. lets do it easy....for example if you have 5000 and you want to risk 1% means 50$
so decide pips ..
50÷20pips= 2.5$ per pips los
.then 2.5$÷10= 0.25 is your lot size... so use this formula 😊
Also, once you get that template as you prefer.Go to the cross button and place the trade.Or any of the trade ordering configuration 😊
Remember, that template is just THAT, a template.Now place the order.😊
Great video! How about choosing a position size when using leverage? Does it really matter? Let's say I have a strategy where I have a fixed TP (20 pips) and fixed SL (40 pips) and I want to risk 1% per trade. Which leverage should I choose... and how does it impact position size? I guess, I'm missing something here..
Hi Nick! Thanks for the great content like always. I have two questions: why we divided by 10000? And what about the risk % and the stop loss distance? If we for example risk 1% and change the stop loss distance by lowering the distance or make bigger is this could change the risk %? I just confuse between the risk % and the stop loss distance. Thanks
I'm confused too man ....gosh man it's really hard to find good knowledge for free here ... Let's keep in touch
same. pls reply if you have figured out
I think it should be divided by 100,000. Because we know that when we enter a lot size we dealling with standard lot which is 100,000 units ( 1 micro = 1000 units , 1 mini = 10,000 , 1 standard = 100,000 ), so for example if it's 2000 units you will put in a lot size box 0.02 because we will divided it by 100,000 and it seems logically. and for your next question I think if you change your stop loss the units will change to fit exactly to your risk percentage that you are already putted, so the risk % would never go up or down than you put. { Note that I'm still beginner and I've never traded yet }
@@heybear7271 look at my answer above.
@@romeofx look at my answer above.
This is nice. What if there's a leverage which is common in Forex? How does that affect the calculation?
not working in xauusd :/
You have to divide by 100,000, not 10,000, right?
Hey Nick... I want to know how leverage plays the role here.
Great video
Can you make a video on how to adjust leverage on tradingview with Oanda
How to know how much money risking
Thank you
thank you so much brother u got that like and subscribe
Good job bro
Nice one Nick. Never noticed tradingview long and short tool could be so useful !
why dont i see any pips or qty?
thank u
Why is the quantity always divided by 10,000?
Exactly this where i am still confused
Always Divide by 100000 bcz it's a standard unit
But the standard unit is 100,000@@anilvyas9323
@@anilvyas9323 What about Gold what's the standard unit... divide by (x)??
This related it well to what I know
I guess it is not 0.37 lot size rather it will be 0.03 lot size...because 0.37 means 37000 quantity and not 3700 quantity... As 1 lot means 100000 contract and 0.1 means 10000 quantity and 0.01 means 1000 quantity if I m not wrong then please correct me if I am...
U r rit, I guess they have different rules. & regulations, or I think he calculated as per mini lots (10000 units per lot)
i thought too. should be 0.03.. have you figured it to be right? thanks
What is the calculation for XAU or Nasdaq kinda things please?
Where can i change Lot size please,
The TV position calculator doesn't give consideration to account leverage.
The currency in the long tool changes with each currency pair you're on. How do you keep it to your currency
does this work for us30 as well
do you have any videos showing how you trade on TV with Oanda linked? I need some more examples lol
do you also have videos covering pairs offered on Oanda? I know the regular currency and foreign pairs are on there but I have also seen online that CFDs are available, yet I can not find them?
ua-cam.com/video/-NiFIzuH8HU/v-deo.html&ab_channel=TraderNick Yes! Here you go. If you feel inclined, please feel free to use my signup link in the description!
How to change lot size for example from 0.01 to 1.0 ? Or does he change it himself as he sees fit ?
are ticks the same as pips??
If i wanna know how much units i could buy/sell costing me x% of my account, how could i find that quantity?
Is the 10000 a constant figure ?
What techniques did you use when you started trading? And how long have you been trading?
I believe he has been trading for about 5 years plus judging from the age of the channel
Where and how do you use the lot size? Anyone can help, thanks
So, whebn creating order, we just simply edit the LOT size which is in default 1? then proceed to trade? thanks.. pls make other videos about it.. iots kina hard to look for such infos reagarding hjow to use this lot size , quantity etc in trading view...The numbers and decimal points are confusing. thanks!
so on the account size, do we add a zero? because the account size is 1000, but your putting 10,000
i dont know if i missed up something about a the 10, 000 you divided the quantity, i got lost there, since i didnt know where this 10, 000 was comming from, again, maybe i lost something
Just when I needed a video to explain this, you come out with it!When you join Oanda, do you automatically get premium trading view features or would I still have to buy trading view premium?
When u open an Oanda account all you have to do in trading view is login into your account and that's it. There's a dash button to click on at the bottom of the right hand side of your trading view page When you click that look for oanda and login
@@lanabhowram2268 thanks, so when I login to Oanda, my trading view automatically is upgraded to premium?
@@roryc7461 I don't think so in order to get premium you have to pay
How do u buy 3700units with $1000 account balance? I hv seen many videos of ppl saying that u can’t put the trade if ur lot size is bigger than the account balance
Brother, quick question : lets say i am on a 10k funded account with 100x leverage.
In the position size calculator, what should i put my account size? $10k or $1m??
Hey man just one question. Why need to divide by 10000?
Most people trade with leverage. So how to calculate it using for example 100x leverage?
How did you decide you dividing by 10k? What if i divide by 100k?
But to convert into a microlot of 1000 units, should the conversion be Qty / 1000?
Is it?
Why did you not do the examples for oforeigtn pairs if your account is in a dufferent currency>
why do you divide by 10,000?
when calculating lot size using QTY/units, shouldn't it be divided by 100,000, considering 1 lot or 1 standard lot is 100,000? Meaning the example of 3749 qty actually equates to 0.03749 lots?
this is the reason why I reached down to the comment section to check
How can we get this sizing tool if we are using MT5, Please help?
mt4 what and how is there a difference between - the new trade there is the volume --example i put .1 wanting a 1 mini contract but on the terminal the trade is shown size .10 ?
does it work in futures i dont see pips or qty
Is Account size including leverage? Eg. $100 account with 100:1 leverage