TradoX tutorial

Using the TradoX app properly can be done in a few easy steps:

1. Account Balance: Insert the total balance of your account here. (For example 100.000,-)

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2. Risk Percentage: Insert the percentage that you want to risk on a trade. The percentage will be calculated of your account balance. (For example: If you insert 1% here and you have a account balance of 100.000,-, the risk will be 1000,-)

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3. Risk Amount: If you rather want to insert your risk in cash instead of in percentage, this field can be used.

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4. Base Currency: In this field you need to insert the base currency of your trading account. For this example, we use GBP as base currency.

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5. Currency Pair: Here you choose the pair that you want to trade. First you select the first currency, for example USD, then you select the second currency for example JPY.

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6. Stop Loss: Insert your stop loss size here. The stop loss size must be in PIPS. Please know that some pairs have other ways to calculate the pip size! For that reason we included a table in this tutorial to show you how to calculate the pips for every pair that is available in our app. For this example, we use a 2.5 pip stop loss.

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7. Calculate: If you filled in every field, the app will calculate the lot sizes for your trade. It also calculates some slight adjustments so you dont have to re-enter all your variables just for some minor change.

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PIP CALCULATION

Pair Pip count decimal
AUD/CAD 0.0001
AUD/CHF 0.0001
AUD/CNH 0.0001
AUD/CZK 0.0001
AUD/DKK 0.0001
AUD/HKD 0.0001
AUD/JPY 0.01
AUD/MXN 0.0001
AUD/NOK 0.0001
AUD/NZD 0.0001
AUD/PLN 0.0001
AUD/SEK 0.0001
AUD/SGD 0.0001
AUD/TRY 0.0001
AUD/USD 0.0001
AUD/ZAR 0.0001
BTC/EUR 0.1
BTC/USD 0.1
CAD/CHF 0.0001
CAD/CHF 0.0001
CAD/CNH 0.0001
CAD/CZK 0.001
CAD/DKK 0.0001
CAD/HKD 0.0001
CAD/JPY 0.01
CAD/MXN 0.0001
CAD/NOK 0.0001
CAD/PLN 0.0001
CAD/SEK 0.0001
CAD/SGD 0.0001
CAD/TRY 0.0001
CAD/ZAR 0.0001
CHF/CNH 0.0001
CHF/CZK 0.0001
CHF/DKK 0.0001
CHF/HKD 0.0001
CHF/JPY 0.01
CHF/MXN 0.0001
CHF/NOK 0.0001
CHF/PLN 0.0001
CHF/SEK 0.0001
CHF/SGD 0.0001
CHF/TRY 0.0001
CHF/ZAR 0.0001
CZK/JPY 0.01
DKK/JPY 0.01
ETH/EUR 0.1
ETH/USD 0.1
EUR/AUD 0.0001
EUR/CAD 0.0001
EUR/CHF 0.0001
EUR/CNH 0.0001
EUR/CZK 0.0001
EUR/DKK 0.0001
EUR/GBP 0.0001
EUR/HKD 0.0001
EUR/JPY 0.01
EUR/MXN 0.0001
EUR/NOK 0.0001
EUR/NZD 0.0001
EUR/PLN 0.0001
EUR/SEK 0.0001
EUR/SGD 0.0001
EUR/TRY 0.0001
EUR/USD 0.0001
EUR/ZAR 0.0001
GBP/AUD 0.0001
GBP/CAD 0.0001
GBP/CHF 0.0001
GBP/CNH 0.0001
GBP/CZK 0.0001
GBP/DKK 0.0001
GBP/HKD 0.0001
GBP/JPY 0.01
GBP/MXN 0.0001
GBP/NOK 0.0001
GBP/NZD 0.0001
GBP/PLN 0.0001
GBP/SEK 0.0001
GBP/SGD 0.0001
GBP/TRY 0.0001
GBP/USD 0.0001
GBP/ZAR 0.0001
GER40 0.1
HK50 0.1
HKD/JPY 0.01
LTC/EUR 0.1
LTC/USD 0.1
MXN/JPY 0.01
NOK/JPY 0.01
NZD/CAD 0.0001
NZD/CHF 0.0001
NZD/CNH 0.0001
NZD/CZK 0.0001
NZD/DKK 0.0001
NZD/HKD 0.0001
NZD/JPY 0.01
NZD/MXN 0.0001
NZD/NOK 0.0001
NZD/PLN 0.0001
NZD/SEK 0.0001
NZD/SGD 0.0001
NZD/TRY 0.0001
NZD/USD 0.0001
NZD/ZAR 0.0001
PLN/JPY 0.01
SEK/JPY 0.01
SGD/JPY 0.01
UK100 0.1
US100 0.1
US30 0.1
USD/CAD 0.0001
USD/CHF 0.0001
USD/CNH 0.0001
USD/CZK 0.0001
USD/DKK 0.0001
USD/HKD 0.0001
USD/JPY 0.01
USD/MXN 0.0001
USD/NOK 0.0001
USD/PLN 0.0001
USD/SEK 0.0001
USD/SGD 0.0001
USD/TRY 0.0001
USD/ZAR 0.0001
XAG/AUD 0.0001
XAG/CAD 0.0001
XAG/EUR 0.0001
XAG/GBP 0.0001
XAG/USD 0.0001
XAU/AUD 0.1
XAU/CAD 0.1
XAU/EUR 0.1
XAU/GBP 0.1
XAU/USD 0.1
ZAR/JPY 0.01