I'm A Bit Dim

[lukyman]

When it comes to the decimal point.
For a long time I've had an account with IGindex (live) and it was really easy: 1pip = .50p.
But more recently have been using Oanda and now Alpari UK.
I have a 10,000 demo(micro) and 2% per trade is £200, now my 'dim' question is if my StopLoss is 100 and I want to trade £200 SL what do I put in the trade ticket. I have been putting .25 and I know thats not right.
Please help an old simple man

 

[TheForexGuy]

1 full standard lot is usually equal to around $10 /pip on the majors.

Your stop loss is 100 what? When working with stoplosses it's best to work as points. On a 5 decimal chart then 1 pip= 10 points.

I am going to assume you meant a stop loss of 100 pips, in that case it's most likely going to be 1000 points.

So the math works out like this $200/1000 points = 0.2 lots

you would have been risking $250 at 0.25 lots because... 1000 points * 0.25.

This is just a rough calculation.

You should download the lot size helper tool that I posted up in the general section. This will help you calculate a more accurate lot size.

 

[lukyman]

Dale, thanx, seems simple the way you put it!