Forex Blog - Forex Risk Calculator Released

After weeks of development, the first beta release of the Forex Risk Calculator has been released. The calculator on the surface doesn't look too involved but believe me, there are a lot of calculations, logic, and validation that had to be taken into consideration. This calculator has all the functionality of the Excel FX Risk Calculator released from Alex Douglas. In it's simplest form, the risk calculator helps you manage risk. Ideally before each trade, you should know exactly what your entry price, stop loss price, and target prices are. After inputting these values, your account balance, and intended position size, the calculator will "calculate" your available leverage, pip profit, pip loss, profit at target, and loss at stop. In addition it calculates the most important values, the percentage of your account at risk and the percentage reward.

The calculator is programmed using AJAX (Asynchronous Javascript and XML) so it's responsive and fast. There is also no need to hit any submit button.

Just be aware that this is a beta release so it's not perfect. This will come in time and I use it more and more.

Read or add comments about this item.

No. 1 :

Rich,

The calculator looks great! I do have one suggestion for consideration: It would be nice if the results told you how many lots (or mini lots) to risk to stay within your risk parameters.

Aslo, I didn't see the point of having to enter the bid/ask values. You clearly already know current price or you wouldn't have been able to calculate the pip value.

Best regards,
Phil

Submitted by Phil McGrew • 2006-10-30 20:00:01

No. 2 :

Hi,

This looks good, as a novice/begineer trader m looking for an excel spreadsheet similar to TradeSmart that I can use to track my trading efforts. You've mentioned an XL in the post, is this available somewhere or any other suggestions?