Hi, Navin Prithyani here.
I'm reallyexcited to share with you today the STINU app.
This is the app that gets you todo your money management properly before getting into each trade so let's diveinto it.
Alright so we have several different apps for this particulartutorial we're gonna be working with STINU right here so let'sget that open up.
Now on your first screen on STINU you're gonna see a fewsettings: Account balance, Risk and Stop-loss.
Now before you want to do thatyou want to click on the menu up here on the top left and click on settings okay.
Once you go into settings you want to choose what your account basis now wehave multiple different options to choose from okay whether your accountsin Aussie dollar, CAD, Swiss franc, Euro.
For this particular example I'mgoing to do US dollar, click done and the Risk Amount you can choose to be whetheryou will like it as a percentage of your account this is good for those who arecompounding.
And for those who are measuring their skill set amount is theway to go.
Okay and on top of that if your position size you'd like to see itin lot size rather than units you can do that as well so let's choose it in theamount and let's keep it in lots okay So let's go back click on the backbutton there and X out of the menu Alright, so for the account balance, let's say for this particular example the account is two thousand dollars okayclick the check mark right here.
Once that's done I'm gonna put in myrisk I don't want to risk more than a hundred dollars on this particular traderight click check and then in terms of stop-loss I have a 32 pips stop loss frommy strategy that I'm looking at and for this particular case I'm gonna choose 32pips.
So I'm gonna click OK and now I'm gonna move to “Select Currency Pair” Iclick on that button it's gonna take me to the next screen and let's say I'mworking with GBP/CHF, right I can click on GBP/ CHF oractually I can clear that by re-clicking it.
I can click on Euro USD sofor this particular example let's take a look at Euro USD.
Of course if you clickon the more icon you have more options in there and you'll notice some of thesepairs gray out because the order in whichthey're displayed is already chosen for you so for example you'll have AUDCAD but you won't have AUD/GBP right, because it's normally GBP/AUD.
So you'll see sometimes something's gray out to keep the order and sync so forthis particular example let's use EUR/USD and hit “Calculate”.
Now, here comes the beauty of this app okay there's a few things you see here:1.
It shows you how much is risk that you're doing on this particular tradebased on your account size and your risk amount it's showing you you're trying todo it based on dollars not a percentage so it's showing you both how much thatis in terms of percentage but also the dollar amount now since you chose 32pips your loft size is going to be 0.
31 is gonna be your losssize.
But here's where the beautiful part comes in with this.
If when you'resetting up for a trade every now and then you know for me personally when Iactually have a trade setting up sometimes by the time my trade isgetting ready I notice I don't need 32 pips anymoreI need 37 pips for example I can simply just scroll down and go to 37 pips andthat's it that's my new lot size now that I need to open up I don't need togo to the original screen and reset everything and input all the numbers allover again it shows me right here.
If I want to choose a higher number thedenominations go from 40 50 60 70 I can just click in inside any one of themlike 50 and I have everything in blue is from 50 to 59.
So it shows you stuff in the inside.
All right, so let's have a look at some ofthe other features that you have you can clear this out you can always use thisand let's take a look at it in the different setting mode.
Let's take a lookat it in terms of percentage and in terms of units okayso let's go X out of this so let's say the account balance now is $4, 500 and therisk for this individual is 2% no more than that okay and the stop loss forthis particular trade that he's looking at seems to be58 pips okay just a random number 58 pips because it's gonna use it, it'sgonna take 2% and squeeze it into 58 pips.
By clicking check I'm gonna go tothe next currency pair and we'll use EUR/USD again for this example.
Click”Calculate” and here we go.
So now you see your 2% on that account is now equal to$90 and to make sure your you're doing $90 for 58 pips you have to open 15517 units okay this is not lot sizes anymoreit'll say here it's units okay.
So if you ever see you need to switch betweenunits and loss sizes you know, mt4 generally uses lot sizes brokerages likeInteractive Brokers or Tradestation they like to work with a little bit more onthe unit side so depending on what your brokerage is you can choose it andobviously you can scroll through and easily choose a different stop lossthere.
Now some additional additional things in the menu options you have”Tutorials” if you want to watch some other tutorials that are there somewhere, “Other Apps” you can click on this button here and see our other apps and one ofour more popular ones is FX meter app if you want to attend some of my webinarsobviously there's a button for that and then if you liked how this app worksplease do click on this button and rate us give us a nice wonderful review andwe'll definitely get back to you on that as well so and some links to follow usand and see how we do and what things we update.
This app will be updatedregularly as things progress and if there is some feedback we get which weneed to add into here we will keep this constantly updated.
So I hope thistutorial was useful for you I'll see in the next video.
