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The position sizer turns the risk you choose and the distance to your stop into lots, adds what the broker takes on the way in and out, and reads the worst case against the room your firm leaves today.
14 days free, card required. Then $49 a month unless you cancel. We email you the day before. One trial per account.
Start free The verdict and live tracking are paid.
0.5% of the balance at risk, a buy of EURUSD at 1.08460
2.39 lotsThe same $478.00 at the stop.
60% of today's roomThis trade alone would use 60% of the $863.10 the firm still allows you to lose today.
Fixed lots asks the other way round: what a size you pick puts at risk.
A pip's value comes in the currency the symbol settles in. When your account is held in another, the rate used is shown.
The margin level is the equity divided by all the margin in use. Most brokers warn at 100% and start closing positions at 50%.
It holds $2,592.19 of margin, leaves $93,307.81 of free margin, and the margin level after it is 3,700%.
The worst case is the stop plus the spread, the commission and the swap for the nights you expect to hold it.
The reward to risk leaves the costs out: the worst case holds them.
Give the firm's daily loss limit and the share of it today has used: every size is then read against what is left.
It is the worst case that is read against the room, not the stop alone, so a tight stop with many lots shows what its costs take.
Send to Trade Manager opens the order ticket with the symbol, the side, the size and the stop filled in.
Keep up to 24 saved setups, one for each instrument, account or strategy.