Find what is the number, that will make 2 cells ABS equal [Closed]

Report
Posts
3
Registration date
Saturday December 24, 2016
Status
Member
Last seen
December 25, 2016
-
Hey guys,

I'm trading on CFD's and trying to build something that will help me calculate different scenarios.
As you can see on the file attached, I want to build a formula in B/E point cell the price of the asset that will make two trades equal in ABS value.

In this example, I took a first trade on 1.2360. The current price is 1.2670.
pip = the change in the fourth number after the dot. for example movement from 1.2360 to 1.2357 is 3 pips movement.
Pip value on the first trade I took is 16.22$. that means movement of 3 pips is 16.22x3=48.66$.

second trade I took was on 1.2600, current price 1.2670. the trade is in the same direction (GBP/USD low) the pip value is 32.44$. (higher than in the first trade. that means each pip movement in the asset price will be higher on this trade.

for example:
I'm trading LOW on GBP/USD. the price goes against me (High). moves from 1.2670 to 1.2674.
that means it moved 4 pips against me in both trades. On the first trade pip value is 16.22$ and on the second one 32.44$. movement of 4 pips will put me in lost of total: 16.22x4 + 32.44x4 = 194.64$.

Now.. I want to find the Break Even point. When the lost and the profit will create 0$ Net Profit. That meant that I want to find with a formula what is the price when the first trade and the second trade will bring to Break Even.

Questions?

Subscribe To Our Newsletter!

The Best of CCM in Your Inbox

Subscribe To Our Newsletter!