Calculating Lot Size

Calculating Lot SizeLeçon 7 sur 126 min de lecture

The same on bitcoin

The formula run a second time with a different contract size, and the case where the answer lands below the smallest position the market allows.

One worked example is a demonstration. Two on different products is a method, so here is the second one.

The trade

The same 1,000 dollar account, so one percent is still 10 dollars.

You buy bitcoin and module 38's rule puts the stop 600 dollars below the entry. Bitcoin is 1 coin per lot, so the multiplier is 1.

The sum

10 divided by (600 multiplied by 1).

That is 10 divided by 600, which is 0.0166 lot. Rounded down to two decimals, 0.01 lot.

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