Money Management will help you to Easy Trade with One Click , instance and pending, set SL, and manage number of your TP .
You can use this expert for different currency pairs, CFDs, cryptocurrency, and stocks .
The basic formula for calculating pip value and position size which has been used in this expert are:
Pipette Value = Position Size * (Exchange Rate (Base Currency) / Entry Price) * Contract Size * Digits
Exp.
Account Currency: USD
Currency Pair: GBPJPY
Position Size: 0.05 Lot = 5000 units
Exchange Rate (Base Currency) [GBPUSD]: 1.36820
Entry Price: 156.221
Contract Size: 100000
Digits: 0.001
Pipette Value = 0.044 $
Pip Value = Pipette Value * 10 = 0.44 $
Position Size = (Risk * Net Balance * Entry Price) / (Stop Loss * Exchange Rate (Base Currency) * Contract Size * Digits)
Net Balance = Account Balance – Commissions and Swaps of all open positions
Exp.
Account Currency: USD
Currency Pair: GBPJPY
Risk: 2 % = 2/100 = 0.02
Account Balance: 1000 $
Entry Price: 156.221
Stop Loss = 500 pipette (points)
Exchange Rate (Base Currency) [GBPUSD]: 1.36820
Contract Size: 100000
Digits: 0.001
Position Size = 0.04567 Lot = 4567 units
if you have any question feel free and ask me.