www.ForexSmartTools.

com

PIPS: Stop Loss 100 to recalculate: enter any number into a grey cell to the left

Total Pips Net

PIPS: Take Profit 200 5 over 100 3800
trades:

Risk to Reward Ratio 200.00% 5 Starting Equity $10,000

Theoretical Target Ending Equity

Number Wins per 100 40 5 Adaptive $14,451
Trades Positioning

Actual Number Wins Equity Change

Shown per 100 5 Adaptive 44.51%
Trades Positioning

100 Trades in Random Order of Wins and Losses (redistributed each time the sheet is recalculat

ADAPTIVE POSITION SIZING

Pips Gained Running Next Lot Size

Trade Number Result or Lost Profit or Loss Balance (adaptive)
$10,000 0.10
1 win 200 200.00 $10,200 0.10
2 loss -100 -102.00 $10,098 0.10
3 loss -100 -100.98 $9,997 0.10
4 loss -100 -99.97 $9,897 0.10
5 win 200 197.94 $10,095 0.10
6 win 200 201.90 $10,297 0.10
7 loss -100 -102.97 $10,194 0.10
8 loss -100 -101.94 $10,092 0.10
9 loss -100 -100.92 $9,991 0.10
10 loss -100 -99.91 $9,891 0.10
11 loss -100 -98.91 $9,792 0.10
12 win 200 195.84 $9,988 0.10
13 loss -100 -99.88 $9,888 0.10
14 win 200 197.76 $10,086 0.10
15 win 200 201.72 $10,288 0.10
16 win 200 205.75 $10,493 0.10
17 loss -100 -104.93 $10,389 0.10
18 loss -100 -103.89 $10,285 0.10
19 loss -100 -102.85 $10,182 0.10
20 loss -100 -101.82 $10,080 0.10
21 loss -100 -100.80 $9,979 0.10
22 win 200 199.58 $10,179 0.10
23 loss -100 -101.79 $10,077 0.10
24 loss -100 -100.77 $9,976 0.10
25 win 200 199.52 $10,176 0.10

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 www.ForexSmartTools.com
26 loss -100 -101.76 $10,074 0.10
27 win 200 201.48 $10,275 0.10
28 loss -100 -102.75 $10,173 0.10
29 loss -100 -101.73 $10,071 0.10
30 loss -100 -100.71 $9,970 0.10
31 loss -100 -99.70 $9,871 0.10
32 win 200 197.41 $10,068 0.10
33 win 200 201.36 $10,269 0.10
34 win 200 205.39 $10,475 0.10
35 win 200 209.49 $10,684 0.11
36 win 200 213.68 $10,898 0.11
37 win 200 217.96 $11,116 0.11
38 win 200 222.32 $11,338 0.11
39 win 200 226.76 $11,565 0.12
40 loss -100 -115.65 $11,449 0.11
41 loss -100 -114.49 $11,335 0.11
42 loss -100 -113.35 $11,221 0.11
43 loss -100 -112.21 $11,109 0.11
44 loss -100 -111.09 $10,998 0.11
45 win 200 219.96 $11,218 0.11
46 win 200 224.36 $11,442 0.11
47 loss -100 -114.42 $11,328 0.11
48 loss -100 -113.28 $11,215 0.11
49 loss -100 -112.15 $11,103 0.11
50 win 200 222.05 $11,325 0.11
51 loss -100 -113.25 $11,211 0.11
52 win 200 224.23 $11,436 0.11
53 loss -100 -114.36 $11,321 0.11
54 win 200 226.43 $11,548 0.12
55 loss -100 -115.48 $11,432 0.11
56 win 200 228.64 $11,661 0.12
57 win 200 233.22 $11,894 0.12
58 loss -100 -118.94 $11,775 0.12
59 loss -100 -117.75 $11,657 0.12
60 loss -100 -116.57 $11,541 0.12
61 win 200 230.82 $11,772 0.12
62 win 200 235.43 $12,007 0.12
63 win 200 240.14 $12,247 0.12
64 loss -100 -122.47 $12,125 0.12
65 win 200 242.49 $12,367 0.12
66 loss -100 -123.67 $12,244 0.12
67 loss -100 -122.44 $12,121 0.12
68 loss -100 -121.21 $12,000 0.12
69 loss -100 -120.00 $11,880 0.12
70 loss -100 -118.80 $11,761 0.12
71 loss -100 -117.61 $11,643 0.12
72 loss -100 -116.43 $11,527 0.12
73 loss -100 -115.27 $11,412 0.11
74 win 200 228.24 $11,640 0.12
75 loss -100 -116.40 $11,524 0.12

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76 win 200 230.47 $11,754 0.12
77 win 200 235.08 $11,989 0.12
78 win 200 239.78 $12,229 0.12
79 win 200 244.58 $12,474 0.12
80 win 200 249.47 $12,723 0.13
81 loss -100 -127.23 $12,596 0.13
82 win 200 251.92 $12,848 0.13
83 win 200 256.95 $13,105 0.13
84 loss -100 -131.05 $12,974 0.13
85 loss -100 -129.74 $12,844 0.13
86 win 200 256.88 $13,101 0.13
87 loss -100 -131.01 $12,970 0.13
88 loss -100 -129.70 $12,840 0.13
89 loss -100 -128.40 $12,712 0.13
90 win 200 254.23 $12,966 0.13
91 win 200 259.32 $13,225 0.13
92 win 200 264.50 $13,490 0.13
93 win 200 269.79 $13,759 0.14
94 loss -100 -137.59 $13,622 0.14
95 win 200 272.44 $13,894 0.14
96 win 200 277.89 $14,172 0.14
97 loss -100 -141.72 $14,030 0.14
98 win 200 280.61 $14,311 0.14
99 loss -100 -143.11 $14,168 0.14
100 win 200 283.36 $14,451 0.14

Net Pips 3800

RISK DISCLOSUREForex is an unpredictable business, and entering and exiting the actual trade, as well as det
correct position size and leverage, are your complete responsibility. Trading foreign exchange on margin carrie
of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as
Before deciding to trade foreign exchange you should carefully consider your monetary objectives, level of exp
risk appetite. The possibility exists that you could sustain a loss of some or all of your deposited funds and the
should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated
exchange trading, and seek advice from an independent advisor if you have any doubts. Past returns are not i
future results. MINLYN LLC, dba Forex Trade Logs, and its affiliates assume no responsibility for errors, inaccu
omissions in these materials. They do not warrant the accuracy or completeness of the information, text, grap
other items contained within these materials or within the tools it makes available. MINLYN LLC, dba Forex Tra
its affiliates shall not be liable for any special, indirect, incidental, or consequential damages, including without
losses, lost revenues, or lost profits that may result from these materials. Use of The Calculator and/or The Tr
this worksheet does not protect you from incurring losses, and no guarantees are made or implied that losses
if you use these tools. This is not a solicitation to buy or sell currency or futures.

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 www.ForexSmartTools.com

Winning
enter any number into a grey cell to the left Drawdowns
Streaks

Risk % 1.0% Maximum $ 1,600.00 $ (800.00)

Max. Number
losses successive 8 8
wins/losers
Ending Equity
No. winning/losing
Fixed $13,800 54 23 22
streaks
Positioning

Equity Change
Fixed 38.00%
Positioning

ted each time the sheet is recalculated)

FIXED POSITION SIZING

Running Next Lot Size Winning

Profit or Loss Balance (fixed) Winning Losing Streak
$10,000 0.10 $0 $0
200.00 $10,200 0.10 10000 0 0
-100.00 $10,100 0.10 1 0 10200 200
-100.00 $10,000 0.10 1 0 10200 0
-100.00 $9,900 0.10 1 0 10200 0
200.00 $10,100 0.10 9900 0 0
200.00 $10,300 0.10 9900 0 0
-100.00 $10,200 0.10 1 0 10300 400
-100.00 $10,100 0.10 1 0 10300 0
-100.00 $10,000 0.10 1 0 10300 0
-100.00 $9,900 0.10 1 0 10300 0
-100.00 $9,800 0.10 1 0 10300 0
200.00 $10,000 0.10 9800 0 0
-100.00 $9,900 0.10 1 0 10000 200
200.00 $10,100 0.10 9900 0 0
200.00 $10,300 0.10 9900 0 0
200.00 $10,500 0.10 9900 0 0
-100.00 $10,400 0.10 1 0 10500 600
-100.00 $10,300 0.10 1 0 10500 0
-100.00 $10,200 0.10 1 0 10500 0
-100.00 $10,100 0.10 1 0 10500 0
-100.00 $10,000 0.10 1 0 10500 0
200.00 $10,200 0.10 10000 0 0
-100.00 $10,100 0.10 1 0 10200 200
-100.00 $10,000 0.10 1 0 10200 0
200.00 $10,200 0.10 10000 0 0

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-100.00 $10,100 0.10 1 0 10200 200
200.00 $10,300 0.10 10100 0 0
-100.00 $10,200 0.10 1 0 10300 200
-100.00 $10,100 0.10 1 0 10300 0
-100.00 $10,000 0.10 1 0 10300 0
-100.00 $9,900 0.10 1 0 10300 0
200.00 $10,100 0.10 9900 0 0
200.00 $10,300 0.10 9900 0 0
200.00 $10,500 0.10 9900 0 0
200.00 $10,700 0.10 9900 0 0
200.00 $10,900 0.10 9900 0 0
200.00 $11,100 0.10 9900 0 0
200.00 $11,300 0.10 9900 0 0
200.00 $11,500 0.10 9900 0 0
-100.00 $11,400 0.10 1 0 11500 1600
-100.00 $11,300 0.10 1 0 11500 0
-100.00 $11,200 0.10 1 0 11500 0
-100.00 $11,100 0.10 1 0 11500 0
-100.00 $11,000 0.10 1 0 11500 0
200.00 $11,200 0.10 11000 0 0
200.00 $11,400 0.10 11000 0 0
-100.00 $11,300 0.10 1 0 11400 400
-100.00 $11,200 0.10 1 0 11400 0
-100.00 $11,100 0.10 1 0 11400 0
200.00 $11,300 0.10 11100 0 0
-100.00 $11,200 0.10 1 0 11300 200
200.00 $11,400 0.10 11200 0 0
-100.00 $11,300 0.10 1 0 11400 200
200.00 $11,500 0.10 11300 0 0
-100.00 $11,400 0.10 1 0 11500 200
200.00 $11,600 0.10 11400 0 0
200.00 $11,800 0.10 11400 0 0
-100.00 $11,700 0.10 1 0 11800 400
-100.00 $11,600 0.10 1 0 11800 0
-100.00 $11,500 0.10 1 0 11800 0
200.00 $11,700 0.10 11500 0 0
200.00 $11,900 0.10 11500 0 0
200.00 $12,100 0.10 11500 0 0
-100.00 $12,000 0.10 1 0 12100 600
200.00 $12,200 0.10 12000 0 0
-100.00 $12,100 0.10 1 0 12200 200
-100.00 $12,000 0.10 1 0 12200 0
-100.00 $11,900 0.10 1 0 12200 0
-100.00 $11,800 0.10 1 0 12200 0
-100.00 $11,700 0.10 1 0 12200 0
-100.00 $11,600 0.10 1 0 12200 0
-100.00 $11,500 0.10 1 0 12200 0
-100.00 $11,400 0.10 1 0 12200 0
200.00 $11,600 0.10 11400 0 0
-100.00 $11,500 0.10 1 0 11600 200

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200.00 $11,700 0.10 11500 0 0
200.00 $11,900 0.10 11500 0 0
200.00 $12,100 0.10 11500 0 0
200.00 $12,300 0.10 11500 0 0
200.00 $12,500 0.10 11500 0 0
-100.00 $12,400 0.10 1 0 12500 1000
200.00 $12,600 0.10 12400 0 0
200.00 $12,800 0.10 12400 0 0
-100.00 $12,700 0.10 1 0 12800 400
-100.00 $12,600 0.10 1 0 12800 0
200.00 $12,800 0.10 12600 0 0
-100.00 $12,700 0.10 1 0 12800 200
-100.00 $12,600 0.10 1 0 12800 0
-100.00 $12,500 0.10 1 0 12800 0
200.00 $12,700 0.10 12500 0 0
200.00 $12,900 0.10 12500 0 0
200.00 $13,100 0.10 12500 0 0
200.00 $13,300 0.10 12500 0 0
-100.00 $13,200 0.10 1 0 13300 800
200.00 $13,400 0.10 13200 0 0
200.00 $13,600 0.10 13200 0 0
-100.00 $13,500 0.10 1 0 13600 400
200.00 $13,700 0.10 13500 0 0
-100.00 $13,600 0.10 1 0 13700 200
200.00 $13,800 0.10 13600 0 0
0 13800 200

exiting the actual trade, as well as determining

ing foreign exchange on margin carries a high level
rage can work against you as well as for you.
your monetary objectives, level of experience, and
or all of your deposited funds and therefore you
uld be aware of all the risks associated with foreign
ave any doubts. Past returns are not indicative of
me no responsibility for errors, inaccuracies or
eteness of the information, text, graphics, links or
available. MINLYN LLC, dba Forex Trade Logs and
sequential damages, including without limitation,
s. Use of The Calculator and/or The Trade Log or
ntees are made or implied that losses will not occur
futures.

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 www.ForexSmartTools.com

Successive Successive
Drawdown Winners Losers
0 0
0 1 0
0 0 1
0 0 2
0 0 3
-300 1 0
0 2 0
0 0 1
0 0 2
0 0 3
0 0 4
0 0 5
-500 1 0
0 0 1
-100 1 0
0 2 0
0 3 0
0 0 1
0 0 2
0 0 3
0 0 4
0 0 5
-500 1 0
0 0 1
0 0 2
-200 1 0

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0 0 1
-100 1 0
0 0 1
0 0 2
0 0 3
0 0 4
-400 1 0
0 2 0
0 3 0
0 4 0
0 5 0
0 6 0
0 7 0
0 8 0
0 0 1
0 0 2
0 0 3
0 0 4
0 0 5
-500 1 0
0 2 0
0 0 1
0 0 2
0 0 3
-300 1 0
0 0 1
-100 1 0
0 0 1
-100 1 0
0 0 1
-100 1 0
0 2 0
0 0 1
0 0 2
0 0 3
-300 1 0
0 2 0
0 3 0
0 0 1
-100 1 0
0 0 1
0 0 2
0 0 3
0 0 4
0 0 5
0 0 6
0 0 7
0 0 8
-800 1 0
0 0 1

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-100 1 0
0 2 0
0 3 0
0 4 0
0 5 0
0 0 1
-100 1 0
0 2 0
0 0 1
0 0 2
-200 1 0
0 0 1
0 0 2
0 0 3
-300 1 0
0 2 0
0 3 0
0 4 0
0 0 1
-100 1 0
0 2 0
0 0 1
-100 1 0
0 0 1
-100 1 0
0 0 1

Page 9
 Notes & Instructions

http://www.ForexSmartTools.com/

Risk to Reward and Win-To-Loss ratio are completely intertwined, and in this spreadsheet you can test different combinations

Looking at one measurement without the other is meaningless. But when you look at both together, you can learn so much.

Risk to Reward can be less than 100% if the winning ratio is high. If the winning ratio is below 50%, then the risk to reward m

On the spreadsheet, you may modify all the 5 boxes highlighted in yellow.

The spreadsheet creates 100 trades in a random order of wins and losses, approximately equaling the number of wins to loss

Each time you re-calculate the sheet a new random order is generated, with more or less wins and losses and a different orde

The results of the trades varies over time, depending on the win percentile.

The results will also vary for the adaptive position sizing returns, because position size is calculated anew before each trade is

Compare the difference between adaptive position sizing and fixed position sizing. Over time, adaptive position sizing genera

The Forex Smart Tools Calculator makes adaptive position sizing easy to do. Watch the tutorial videos we provide for more in

Notice that the take profit assumes that the entire position runs for the full target, as opposed to taking part of a position out at

Scaling out can significantly alter these results. If you scale out, make sure you use WORKING PIPS as your average take pr

(See the Money Management videos in the Smart Tools Video Library for more information about Working Pips or read news

RISK DISCLOSUREForex is an unpredictable business, and entering and exiting the actual trade, as well as det
size and leverage, are your complete responsibility. Trading foreign exchange on margin carries a high level of
suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding
you should carefully consider your monetary objectives, level of experience, and risk appetite. The possibility e
sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that y
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an indepe
any doubts. Past returns are not indicative of future results. MINLYN LLC, dba Forex Trade Logs, and its affiliat
responsibility for errors, inaccuracies or omissions in these materials. They do not warrant the accuracy or com
information, text, graphics, links or other items contained within these materials or within the tools it makes a
Forex Trade Logs and its affiliates shall not be liable for any special, indirect, incidental, or consequential dama
limitation, losses, lost revenues, or lost profits that may result from these materials. Use of The Calculator and
worksheet does not protect you from incurring losses, and no guarantees are made or implied that losses will
tools. This is not a solicitation to buy or sell currency or futures.

Page 10
 Notes & Instructions

eet you can test different combinations to prove this to yourself.

both together, you can learn so much.

s below 50%, then the risk to reward must be much greater than 100

ely equaling the number of wins to losses that you target.

ess wins and losses and a different ordering.

is calculated anew before each trade is placed.

er time, adaptive position sizing generally results in much greater profit

he tutorial videos we provide for more information about this.

pposed to taking part of a position out at a partial target (scaling out).

WORKING PIPS as your average take profit target.

ation about Working Pips or read newsletter volume 16)

ing the actual trade, as well as determining correct position

ge on margin carries a high level of risk, and may not be
as well as for you. Before deciding to trade foreign exchange
and risk appetite. The possibility exists that you could
uld not speculate with capital that you cannot afford to lose.
g, and seek advice from an independent advisor if you have
ba Forex Trade Logs, and its affiliates assume no
do not warrant the accuracy or completeness of the
erials or within the tools it makes available. MINLYN LLC, dba
, incidental, or consequential damages, including without
materials. Use of The Calculator and/or The Trade Log or this
e made or implied that losses will not occur if you use these

Page 11