Free tools · Risk management
How many lots for this trade?
You decide what you're willing to lose. The calculator gives you the size that respects that risk, for your stop distance.
The maths
How it's calculated.
- Risk in dollars
- capital × risk in % (or the amount you entered)
- Size in lots
- risk in dollars ÷ (stop in pips × value of one pip for 1 lot)
- Rounding
- down to the hundredth of a lot, so you never risk more than planned
Questions
Before you use it.
Why round down?
Because rounding up would make you risk more than you decided. The real loss at the stop, with the rounded size, is shown under the result.
What risk per trade should I choose?
That's your decision, not ours. The calculator recommends nothing: it applies the figure you give it.
Is the spread counted?
No. The calculation covers the distance between your entry and your stop. In TradeChart, the spread is paid on top, on every entry.
And in TradeChart?
The order ticket does this calculation for you: you enter your risk as a % or an amount, the size follows.
A calculation is good. Checking it on the market is better.
Replay your trades candle by candle, with your stop, your target and your size.
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