Variable Position Sizing is what I did today depending on how far my stop had to be place away from entry I adjusted my size. Min position size was at 25 cents per pip max size today was at $5 per pip. In general my max position size is $10 per pip and my min position size is 25 cents per pip.
Variable position sizing can create some weird stats. It's possible to be negative total pips with a positive bottom line. Today my 2.5 pips for plus $31.65 suggests I was trading $12.66 per pip.
If I exit 2 places from initial entry then I'll take the average pips earned for that trade as the pip count.
The dollar figure I earn or lose in a day is straight forward and is the only number that really matters.
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