Uhm ? If I am not mistaken,
$15.00 / 8Pips = $1.875 per Pip
$1.875 per Pip / 1 Lot ($10.00) = 0.1875 Lot
Because:
1 Lot = $10.00; 0.1 Lot = $1.00; 0.01 Lot = $0.10
0.1875 Lot = $1.875 (x 1 Lot = $10.00)
$1.875 * 8Pips = $15.00
But this is clearly not the way you want to deal the market.
deklin: What volume do I need to purchase to earn exactly $15.00 from a Pip gain of 8 Pips?
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I need help with a formula for an expert adviser that I am creating.
I need to earn $17.00 from an increase of 8 Pips.
In a recent trade, I lost $12.17 by loosing 6.12 Pips trading a volume of 80000 units.