hey guys im putting an excel spreadsheet together trying to record all my trades but im having difficulty figuring it out.
say if i have a 50 pip stop loss on the eurusd, what does that equate to in australian dollars?, and in turn if i have my take profit at 80pips away what is my return...then i can find out my risk:return
im getting confused, because im thinking it depends on the audusd rate at the time of buy/sell or sell/buy
say if i have a 50 pip stop loss on the eurusd, what does that equate to in australian dollars?, and in turn if i have my take profit at 80pips away what is my return...then i can find out my risk:return
im getting confused, because im thinking it depends on the audusd rate at the time of buy/sell or sell/buy
Grabbing the bull by the horns!