Position Size Calculator

The position sizing calculator is a useful tool that can help you to quickly determine the appropriate trade size to ensure you are risking the correct amount based on your account information already recorded in your journal.

By selecting a pre-defined symbol from the drop-down list and entering your stop loss in pips or as an amount relative to the symbol, the calculator will automatically calculate the trade size amount in lots. This helps to streamline the process when you need to quickly enter a trade, as your account balance, account currency and pre-defined risk percentage are already saved and automatically entered for you.

Calculator fields

Exchange rate

we automatically update the relevant exchange rate between your account currency and the currency of the instrument.

Pip size, lot size and risk currency

Customizing the pip size, lot size, and risk currency can give you more flexibility in sizing a trade for any symbol, even if it's not pre-defined in the calculator. This is important because these parameters can vary per broker and instrument. To customize, simply click the "Custom" button in the symbol picker and enter the additional information, such as the pip size, lot size and risk currency.

Multiple calculators

If you have a busy day of trading with several opportunities, you can setup a separate calculator for each symbol. Just press the "Add Symbol" button to add an additional calculator. Use the handle bar on the left side of the calculator to drag and re-arrange your calculators. Press the three dot menu on the right side of the calculator to remove it.

If you have multiple trades planned for the day, you can set up separate position sizing calculators for each trade to streamline your trading process. To do this, simply press the "Add Symbol" button on the position sizing calculator page to create a new calculator. You can also reorder your calculators by using the handle bar on the left side of each calculator, and remove any calculator you no longer need by clicking on the three-dot menu on the right side of the calculator.

Disclaimer

It is important to note that while we attempt to automatically set inputs for well-known instruments, these inputs may vary per broker. It is crucial that you check if the risk value, stop loss, pip size, lot size, and your account exchange rate match your broker's before entering any trades. We take no responsibility for any incorrectly sized trades or excessive losses related to them.