Hello, I'm hoping to create a calculator for my trading design in excel,
that I'm trading only using either buy or sell stops.
I must figure my risk benefits.
As an instance I have a buy stop on EurUsd
Entry: 1.23053
Stop reduction: 1.22383
Now my take profit ought to be the exact same range as the distance from entry to stop loss,
that in this example is: [entrance ]-[stop reduction ] = 1.23053 - 1.22383 = 0.00670
spread commission a couple of pips of pure profit.
That I'm using IC Markets and the incentives for EURUSD are
EUR 0.03
(EUR 0.06 round turn) (I have no idea what round turn means)
Furthermore I'm planing to later on calculate the risk:benefit in euros.