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Finally, this video is EXACTLY what I was looking for and it was hard to find on YT even from some big trading channels for some reason. Simple and straightforward which makes sense. Thank you!
Everybody explained about the pips/points count and the risk factor but none of them talked about the contract sizes👍 You are the first one so thank you❤️
Thank you so much for this Video. I have been trading forex for half an year. Now I wanna try some indices but I was totally confused about the lotsizes and the calculators for. You helped me so much, thank you❤
wow I have watched many many many videos and a lot of material to understand the lot size formula but the way you explain its amazing. you are just impressive all the times. Keep it up. Make more videos on ICT concepts please. I am eagerly waiting.
Really Fantastic! I had been sifting through stacks of YT Videos, but never anybody explained it like you! Thank you very much!! One question: do you calculate the same way for CFD Gold?
Kept coming up with having to multiply the lot size by 10 for the 1 contract size and thought I was going crazy. You confirmed that I was right 😅. Thank you.
@@shanecloete32 1 pip= 10 micro pips (points) so 50 pips =500 micro pips/points. So when you divide to get the lot size you would then say $1000/500 micro pips. When you're on trading view and you place your risk to reward tool, notice it will show you the measurement in pips so you simply add an additional zero to it to get the amount in micropips
@shanecloete32 If you are trading Indices/Futures, the change in price is calculated in POINTS. In order to calculate risk, he is converting points into PIPS. Forex currencies are also measured in PIPS, so no conversion will be needed when trading these.
Hey Ethan, cheers for the video! Would you say different leverage options have any effect on the calculating the lot size as well? or is it strictly the contract size?
How would one calculate a lot size using a copier where the SL and TP are are unknown (it goes by structure and other calculations) . All I know is my balance, contract size and % risk.
Appreciate mate,but do you do same for currencies bro? Can you create a new vid on how you calculate your lots on Currency pairs, and also how leaverage works please❤
Hey bro I have have a doubt hope you clear me.. I am going on ict mentorship core content is it important to study month 10 about commodities. Cuz I would like to trade forex only. In future I will trade index futures. Is it needed?
Hi Garland. Quick question for clarification. I am also using Eightcap with Blue Guardian. When you say one lot size for US30 do you mean 0.01 or 1.00?
hello sir GARLAND may i ask how you come up with 700 pips calculation whereinfact your stoploss is just 70points ryt? i dont get it...did you just multiplied your stoploss point by 10? and if so where did you get that 10 that you multiplied by the 70 stoploss points?
How would it work if my Position tool says 5.0 but also 500? Your tool says 50-50 mine says 5.0-500 does that mean i would do 50$ divided by 500? If im using a 5k account? Sounds too small the lot size would be 0.01 doesn’t seem right
I had the same exact question, with the same account size, did you ever find the answer? Im thinking TV is giving the point and pip amount, allowing for us to not have to calculate the amount of pips/ticks. I know the lot size seems small, but I think its because the account size is small as well. Like if a $100k account 1% risk on a 50(500 pip) sl would only be a 2 lot size, there is no reason for $50 to be anywhere close to that. Hope you were able to figure it out.
@@garland.trader I understand sir.... But isn't there a way you could research about that and probably come up with a helpful content?? I mean, it mustn't be what you trade but you could help get the answers we seek.....I would so much appreciate it if you attempt it please🙏🙏
Use My Trusted Prop Firm With NO TIME LIMIT:
🔵 BLUE GUARDIAN 🛡️| GET 10% OFF Challenges with PROMO CODE: GARTRADES. ✅👇
dashboard.blueguardian.com/newevaluation/?sl=123
Finally, this video is EXACTLY what I was looking for and it was hard to find on YT even from some big trading channels for some reason. Simple and straightforward which makes sense. Thank you!
Thanks for your feedback!
Makes a lot of sense
true!
Everybody explained about the pips/points count and the risk factor but none of them talked about the contract sizes👍
You are the first one so thank you❤️
Thank you!!! Finally someone that explained the contract size !!
Finally!! someone that explains these calculations. New suscriberrr
just what i needed to hear especially on the contract size .thanks alot
So helpful and finally I understand how to calculate the lot size for US30 , much appreciated thank you so much!
You're so welcome!
Thank you so much for this Video. I have been trading forex for half an year. Now I wanna try some indices but I was totally confused about the lotsizes and the calculators for. You helped me so much, thank you❤
wow I have watched many many many videos and a lot of material to understand the lot size formula but the way you explain its amazing. you are just impressive all the times. Keep it up. Make more videos on ICT concepts please. I am eagerly waiting.
Very helpful thanks. I'm more familiar with calculating for FX pairs but decided to make the switch to CFDs.
Really Fantastic! I had been sifting through stacks of YT Videos, but never anybody explained it like you! Thank you very much!! One question: do you calculate the same way for CFD Gold?
Finally after watching so many videos, I get it. Thank you
Thank you so much for this bro helped me a ton was trying to do this without an online calculator
Great video no one has explained like you thank you very much ❤
Thank you, really helpful. Keep it up Ethan!
this is so easy to understand, thanks!
Appreciate this! Thank you, and best regards towards your trading journey 🎉
HELPED A LOT MAN THANK YOU SO MUCH!!
Thank you for sharing brother 👌🏾 this truely helps on how to find the info within MT4
Bro thanks sooooo much! Big Love Bro
Exactly the video am looking for. Ive search all the big channels but haven't got anything. And you made everything simple. God bless you
This is Amazing and very simple and of actual value on a traders career...❤
Thank You so Much. This helps me alot😊
Glad it was helpful!
thank you for to the point n crystal clear explanation
I have just started training Indices
Nice job....What is the best leverage for that calculation ?
Thank u 🤗 I have been trying to figure it out
Kept coming up with having to multiply the lot size by 10 for the 1 contract size and thought I was going crazy. You confirmed that I was right 😅. Thank you.
Hey, please help. Do you know why used 500 pips in he's calculation. The chart said 50.
@@shanecloete32 1 pip= 10 micro pips (points) so 50 pips =500 micro pips/points. So when you divide to get the lot size you would then say $1000/500 micro pips. When you're on trading view and you place your risk to reward tool, notice it will show you the measurement in pips so you simply add an additional zero to it to get the amount in micropips
there is 10 pips for every point. so tradingview shows points but you need to do your SL in pips @@shanecloete32
@shanecloete32 If you are trading Indices/Futures, the change in price is calculated in POINTS. In order to calculate risk, he is converting points into PIPS.
Forex currencies are also measured in PIPS, so no conversion will be needed when trading these.
@@shanecloete32 its 50 points, but actual pips is 500
Nice So for most everything , Indices and gold it's just Risk R divided By stop loss Pips, Which in he case of indices and gold are Points times 10.
Super helpful, thank you sir. ❤❤❤
You are welcome
i still dont really understand it but you did explain it easier than the previous 20 videos ive watched
this helped a ton thankyou so much
Bro you are a G
You have simplified it bro ,thank
the best explanation ever😍
thanks bro, this information was right on time
Thanks Ethan, thats an awesome share :) Loving the videos and the community
Can you elaborate on what the “10” indicates for contract size? Does that affect how we do the calc?
Can we use this strategy for gold?
Please make a video on smt divergence. When does a smt divergence valid? should we look at an important order block?
simply explained. Thank you !
Hey Ethan, cheers for the video! Would you say different leverage options have any effect on the calculating the lot size as well? or is it strictly the contract size?
How would one calculate a lot size using a copier where the SL and TP are are unknown (it goes by structure and other calculations) . All I know is my balance, contract size and % risk.
Very interesting way of doing it, thanks for sharing!
Thank you! Cheers brother!
How do you do it for the S&P 500?
at 4:47´ - how do I know as a beginner that 70 points is 700 pips? You should explain that
Hey what’s the best time to trade US30?
You know someone created a expert to calculate lot size, sl and tp with one click. They also add break even and trailing stop option. 😊
Yep, but what happens if you only have your phone available? The best EA is your brain!
Thank you brother🤝
Great video 🔥 but what would I do if it’s a 2 contract size ? I know the example was for 10 & 1
Why does the 50 point stop loss turn into 500 pips???
Yes, I have the same question too! 😅
Fuckk why no responsee😢
Did you deliberately use pips instead of points?
this guy is a nad
Please sir can you make a video on how to caculate the gold pip lot size
Thank you mate, you're a lifesaver
No problem 👍
Appreciate mate,but do you do same for currencies bro?
Can you create a new vid on how you calculate your lots on Currency pairs, and also how leaverage works please❤
Is this the same for es1 futures as well ?
How can I do this calculation for other assets? Like gold? Is it the same?
this is really helpful
We need more ict strategy videos man
Hey bro I have have a doubt hope you clear me.. I am going on ict mentorship core content is it important to study month 10 about commodities. Cuz I would like to trade forex only. In future I will trade index futures. Is it needed?
in Blue Guardian what is the average spread for US30?
Hi Garland. Quick question for clarification. I am also using Eightcap with Blue Guardian. When you say one lot size for US30 do you mean 0.01 or 1.00?
If calculated lot is 2 and if contract value is 10 so will the lot be 200 than?
would it be the same calculation for e-mini futures, like e-mini nas100?
No it would be different on e minis I believe
How so?
can you make video strategy when in drawndown..thanks
Damn thanks about this "Finding contract size"
I'm used to lot size and i wanna switch to contract in indecis how do i calculated please ?
thank you so much!
You're welcome!
Thats great bro next video could u plz do it on crypto plzz how to use lot size in crypto
Life saver, Thank you.
hello sir GARLAND may i ask how you come up with 700 pips calculation whereinfact your stoploss is just 70points ryt? i dont get it...did you just multiplied your stoploss point by 10? and if so where did you get that 10 that you multiplied by the 70 stoploss points?
really helped bro thanks
is it the same for S&P500?
Is it the same for DJ30?
Where do u put the 0 if it is decimals numbers for example 1.3279 where do I put the 0?
How would it work if my Position tool says 5.0 but also 500? Your tool says 50-50 mine says 5.0-500 does that mean i would do 50$ divided by 500? If im using a 5k account? Sounds too small the lot size would be 0.01 doesn’t seem right
I had the same exact question, with the same account size, did you ever find the answer? Im thinking TV is giving the point and pip amount, allowing for us to not have to calculate the amount of pips/ticks. I know the lot size seems small, but I think its because the account size is small as well. Like if a $100k account 1% risk on a 50(500 pip) sl would only be a 2 lot size, there is no reason for $50 to be anywhere close to that. Hope you were able to figure it out.
@@teaasiaanever figured it out, did you?
Thank you so much
youre welcome mate!
I was wondering what spread people are typically seeing during NY session for US30?
Powerful content . I salute
Thank you very helpful
thansk bro is that the same for SP500
thanks brother came to right place
Very helpful thanks for boss
Bro - we missing you
It was helpful......
Thanks
Please make a video on how to calculate lot sizes in crypto
I don't trade crypto unfortunately
@@garland.trader I understand sir....
But isn't there a way you could research about that and probably come up with a helpful content??
I mean, it mustn't be what you trade but you could help get the answers we seek.....I would so much appreciate it if you attempt it please🙏🙏
Thank you very much!
You're welcome!
This would work on forex pairs and sp500 ?
Just indices
Please what platform do you trade nasdaq? tried it on meta trader but couldnt find it
What broker? It can sometimes also be called Nas100 USTEC US100
@@garland.trader I found it now. It was called ustec indeed. Thank you so much
Thanks!
@garland trader, what if the contract size says 100,000 ? Pls answer.
then you divide by 10.
Please how do I calculate the lot size for JP225.?? My broker's contract size for Japan 225 is 100
No idea. Never ever traded Japanese indices
Goodday and sir is this same as Gold caculate?
No that is completely different
@@garland.trader Please sir can you break it down on how to caculate Gold pips size and thats really bothering me for not knowing how to caculate it
what if 100 contract size please help me bro
Thank you for sharing
Thank you so much
Its the same for lots on LTC? (crypto)
Definitely won't be.
But I don't trade nor have I ever traded crypto
What if its a 10 contract size ?
Why is the stop loss 500 Pips and not 50 Pips? Please someone should explain this to me
Thank you
You're welcome!
Very helpful 😊