I was wondering about profit calculation when we are scaling out
Ex
EUR/USD we buy 30.000 contracts @ 1.2000
Target 1: 1.2020->T1 is reached and we scale out 10.000 contracts
Target 2: 1.2040->T2 is reached and we scale out 10.000 contracts
Target 3: 1.2060->T3 is reached and we scale out 10.000 contracts
Question 1. So we made 20+40+60 = 120 pips in total for all 3 contracts (correct?)
Question 2. What is the equation for converting the pips into dollars, when we use this sort of scaling out?
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