If this original setup fails, I'll take the long signal. Calculating what my equity will be at that time and then figuring out the position size is a simple matter. After the loss on this trade, equity would be at $73.38. I multiply that by 50, the leverage factor, to get $3669 and divide by the entry price 1.4170, which gives 2589 units. I'll round that down to 2550, and that's the size on the next order.
Pending order: Long 2550 EUR/USD at 1.4170
Initial stop: 1.4146
Initial exposure: 24 pips, $6.12 or 8.34%
Current Closed Equity: $80.38
Current position: Short 2800 EUR/USD at 1.4144
Current exposure: $7.00 or 8.71%
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