HOW DO I CALCULATE MY RISK?
To manually calculate your risk, you can take your risk %, multiplied by your account balance, then set a Stop Loss equal to that amount. For example, let’s say you want to use 1% risk on your $5,000 account. You take 0.01*5000 = $50. Then you find out how many pips from your entry price to Stop Loss price, and enter that amount into the Risk/Position size calculator.