How to use it
- 01
Enter the current account balance.
- 02
Set the maximum percentage you are prepared to lose on this one trade.
- 03
Measure the distance from entry to stop-loss in pips.
- 04
Enter the value of one pip for one standard lot. If it is unknown, calculate it with the pip-value tool first.
With a $10,000 balance, 1% risk, a 50-pip stop and $10 per pip for one lot, the planned loss is $100 and the position size is 0.20 lots, or 20,000 base-currency units.
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Risk note
Trading involves substantial risk. Educational content is not financial advice.