Calculating Exact Volume Needed to Earn Specific Amount from Trade

I am working on an automated financial trading strategy and I need help with a formula.

I need to earn $12.00 from an increase of 14.3 Pips.  

In my most recent trade, I lost $10.53 by loosing 4.6 Pips trading a volume of 80000 units.

Presuming that I am guaranteed to win my trade, what volume would I need to trade to earn exactly $15.00?

Please provide me with the formula for this, thanks!
LVL 10
skijAsked:
Who is Participating?
I wear a lot of hats...

"The solutions and answers provided on Experts Exchange have been extremely helpful to me over the last few years. I wear a lot of hats - Developer, Database Administrator, Help Desk, etc., so I know a lot of things but not a lot about one thing. Experts Exchange gives me answers from people who do know a lot about one thing, in a easy to use platform." -Todd S.

d-glitchCommented:
What is a Pip, and do you need to earn exactly $12.00 or exactly $15.00?
0
skijAuthor Commented:
I apologize for the confusion.  A Pip is simply a measure of increase.

I need to earn exactly $12.00.

Let me re-phrase the question like this:

I need to earn $12.00 from a rainfall amount of 14.3 millimeters.  

I recently earned $10.53 when it rained 4.6 millimeters and I had 80000 collection jars.

How many collection jars do I need to earn exactly $12.00 if the rainfall amount will be 14.3 millimeters?
0
d-glitchCommented:
If   10.53  =  k * (4.6 Pips)*(80000 units)    then   k  = 2.861E-05

If k stays exactly the same from trade to trade,

   Volume  =  ($12.00)/[(2.861E-05)*(14.3 Pips)]  = 29331 units.
0

Experts Exchange Solution brought to you by

Your issues matter to us.

Facing a tech roadblock? Get the help and guidance you need from experienced professionals who care. Ask your question anytime, anywhere, with no hassle.

Start your 7-day free trial
It's more than this solution.Get answers and train to solve all your tech problems - anytime, anywhere.Try it for free Edge Out The Competitionfor your dream job with proven skills and certifications.Get started today Stand Outas the employee with proven skills.Start learning today for free Move Your Career Forwardwith certification training in the latest technologies.Start your trial today
Math / Science

From novice to tech pro — start learning today.

Question has a verified solution.

Are you are experiencing a similar issue? Get a personalized answer when you ask a related question.

Have a better answer? Share it in a comment.