skij
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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!
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!
What is a Pip, and do you need to earn exactly $12.00 or exactly $15.00?
ASKER
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?
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?
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