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
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.😊
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 }
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..
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...
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 😊
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 ?
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
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??
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
So what happens if your account should be in EUR and you want to trade audnzl the qtty will be wrong and you will position size incorrectly if you do not manually convert.
hi nick i use this always for my forex, but i also trade cryptos , how can i apply it there ? there must be a way for getting the nominal coin number to set for each trade thx
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?
th-cam.com/video/-NiFIzuH8HU/w-d-xo.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!
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
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.
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 😅😅
Loved the video Nick! really broke it down how to calculate lot sizes, learned a lot!
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 🎉❤
One of the best yt videos I’ve watched today. This helps a lot, thanks!
Finally someone understood the assignment. Thank you :)
thank god i found this explanation , all the best chief
You answered the question I was looking weeks for!! Thank you!!!
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
Thank u for the DETAILED explanation! U have no idea how much I needed this! Appreciate it❤
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
Isn’t it supposed to be divided by 100000 which is 1 lot size?
Finally I understand thank you so much.
Very well done video, Easily explained and easy to understand
I wish someone would make videos for people who aren’t complete beginners
Perfect trick what I was looking for. I was trying to create excel for this. But this is fastest way to calculate quantity.
This was the right VId I have been Hoping for thank you so much bro
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
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 nick that makes sense and I never knew!
Great video learned a lot worth the time 😊
Why divide by 10000 please?
So useful, thanx!
Just the video I needed! THANKS NICK
Very well presented nick
THANKS IT HELPED ME
Thank you so much, this video was very helpful
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 was extremely helpful, thank you
THANK YOU SO MUCH MAN I LOVE YOU
risk management and lot size to risk is very important no matter how experienced you are
Thank you, well explained!
Good video as usual Nick, very helpful, thank you.
Hey Nick... I want to know how leverage plays the role here.
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.😊
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.
You have to divide by 100,000, not 10,000, right?
Best video. Every other one on this topic talks too much about pips and makes it confusing
Very helpful.
Thanks for the video
Nice one!
wow, exactly what ive been looking for.
Great content Nick 🔥
Does it also apply on indices
good video. thank u
Nice video Nick! Hope you can create a video about leverage next! :)
This is nice. What if there's a leverage which is common in Forex? How does that affect the calculation?
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..
The currency in the long tool changes with each currency pair you're on. How do you keep it to your currency
Great explanation!
How to change lot size for example from 0.01 to 1.0 ? Or does he change it himself as he sees fit ?
not working in xauusd :/
Thank you for this video
You saved me! Thanks a lot
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
Can you make a video on how to adjust leverage on tradingview with Oanda
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🙏🙏
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 😊
How to know how much money risking
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 ?
Where and how do you use the lot size? Anyone can help, 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
Where can i change Lot size please,
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
are ticks the same as pips??
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??
so on the account size, do we add a zero? because the account size is 1000, but your putting 10,000
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
Good looks my boy
does it work in futures i dont see pips or qty
How can we get this sizing tool if we are using MT5, Please help?
What is the calculation for XAU or Nasdaq kinda things please?
so in trading view it seems that I cant adjust lot size lower than one. Im confused I'm sure I'm doing something wrong
If i wanna know how much units i could buy/sell costing me x% of my account, how could i find that quantity?
So what happens if your account should be in EUR and you want to trade audnzl the qtty will be wrong and you will position size incorrectly if you do not manually convert.
big shout out for u
Is the 10000 a constant figure ?
Nice one Nick. Never noticed tradingview long and short tool could be so useful !
why dont i see any pips or qty?
does this work for us30 as well
Thanks
4:02 pips
How did you decide you dividing by 10k? What if i divide by 100k?
hi nick i use this always for my forex, but i also trade cryptos , how can i apply it there ?
there must be a way for getting the nominal coin number to set for each trade
thx
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?
th-cam.com/video/-NiFIzuH8HU/w-d-xo.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!
Hey man just one question. Why need to divide by 10000?
i noticed that you cant set the usd balance on minor pairs e.i pairs without usd...can you help with calculating lot size on those pairs pls
I divided my 10,000 and 100,000 but when i tey to place order it says i dont have enough funds someone help
okokokok understandable,now: which leverage do you got???🥰🤔🤔😎🤓
But to convert into a microlot of 1000 units, should the conversion be Qty / 1000?
Is it?
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
do this work for usoil wti?
thank you so much brother u got that like and subscribe
why do you divide by 10,000?
Why did you not do the examples for oforeigtn pairs if your account is in a dufferent currency>
Hi for Forex we divide by 10,000 what about Gold?
can anyone explain where the 10000 came from. he only calcuates and leave use hanging with this important detail.
how do you get it on MT5?