Forex Trading Risk Management Calculator
This calculator helps you to determine your risk percentage based on the number of consecutive losses you expect to take on an account.
For personal accounts, it can show how many losses at a specific risk % affects the balance.
For funded accounts with prop firms, it can show the risk% to be used for the number of trades you would be willing to take before the account is lost.
It works as a function of your current balance, pip value of the pair, stop loss size in pips and the number of consecutive losses you are willing to take as described in the scenarios above.
Note:
1) Only columns K and R are to be modified by the user as all other columns contains formulas for the sheet's operation.
2) Cell F2 can be modified to reflect a specific balance if the user chooses to.
A Google Sheet that will significantly help with understanding the risk management for your accounts.