A position size calculator for forex: how many lots to trade so a stop-out costs only your planned risk.
A $10,000 account risking 1% with a 20-pip stop on EUR/USD should trade 0.500 standard lots (50,000 units). The math: $10,000 × 1% = $100 of risk, divided by ($10 pip value × 20 pips) = 0.5 lots. Halve the risk percentage or double the stop distance and the position size halves with it.
The result is the position size in standard lots and in units. Round down to your broker's lot step.
Risk-based sizing keeps a single losing trade from blowing up your account. The formula:
lots = (balance × risk%) ÷ (pip_value_per_lot × stop_pips)
Pip value depends on the quote currency of the pair and your account currency. For EURUSD with a USD account, one pip per standard lot is exactly $10. For EURJPY with a USD account, one pip is 1,000 JPY per lot — converted to USD using the current JPY→USD rate.
This calculator converts at European Central Bank reference rates via frankfurter.dev, published once per business day around 16:00 CET. Treat results as a close estimate, not a live quote.
A euro account of €10,000 risking 1% (€100), with a 30-pip stop on USD/JPY. One pip on one standard lot is 1,000 JPY. At, say, EUR/JPY = 160.00, that is 1,000 ÷ 160 = €6.25 per pip per lot. Thirty pips cost €187.50 per lot, so the position is €100 ÷ €187.50 = 0.53 lots. The same trade in a dollar account gives a different size, because the pip value converts differently.
A 0.01 lot is a micro lot: 1,000 units of the base currency. On a pair quoted in US dollars, one pip at 0.01 lots is worth $0.10 in a dollar account. It is the smallest size most retail brokers accept, which matters for small accounts:
If the calculator returns less than your broker's minimum, rounding up raises your risk. Either accept the higher percentage knowingly, use a tighter stop only if the chart supports one, or skip the trade.
A common rule of thumb is to risk 1–2% of the account per trade. The reason is what losing streaks do. Ten losses in a row, which happens to most strategies eventually:
| Risk per trade | Account after 10 straight losses |
|---|---|
| 0.5% | −4.9% |
| 1% | −9.6% |
| 2% | −18.3% |
| 5% | −40.1% |
After a 40% drawdown you need a 67% gain just to get back to where you started. Pick the percentage you could live with through a bad month, not the one that makes a good week look best.
With no trades open, balance and equity are the same. With open trades, equity includes their floating profit or loss. Sizing from equity is the more cautious choice when open trades are losing, because the risk amount shrinks with the account. Whichever you use, use it consistently.
No. The size comes from your risk amount, stop distance and pip value; leverage only sets how much margin the broker holds while the trade is open. Higher leverage lets you open a larger position than the calculator suggests, which is exactly the risk it exists to prevent. Check the margin a position needs with the margin calculator, and read what leverage changes.
This calculator covers currency pairs, not gold. The formula is the same once you know the contract: most brokers use 100 ounces per lot, so a $1 move in gold is $100 per lot. With $100 at risk and a stop $5 away from entry, the position is $100 ÷ ($5 × $100) = 0.20 lots. Check your broker's contract size first; some use different lot definitions for gold. See pips on gold for how brokers count gold pips.
Divide the cash you are willing to risk (account balance × risk %) by (pip value per standard lot × stop-loss in pips). The result is your position size in standard lots.
On a $10,000 account risking 1% ($100) with a 20-pip stop on EUR/USD (where one pip is $10 per lot), trade 0.5 lots: 100 ÷ (10 × 20) = 0.5.
A common rule of thumb is 1–2% per trade. At 1%, ten losses in a row cost about 9.6% of the account; at 5%, about 40%.
A micro lot: 1,000 units of the base currency, about $0.10 per pip on a USD-quoted pair in a dollar account.
Rounding up to 0.01 raises your risk above the percentage you entered. Accept the higher risk knowingly, or skip the trade.
No. Size comes from risk amount, stop distance and pip value. Leverage only changes the margin the broker holds.
With the usual 100-ounce lot, a $1 move is $100 per lot. Divide your risk amount by (stop distance in dollars × 100). This calculator covers currency pairs only.
The free trade journal scores each trade that has a stop in R and tags it planned, impulse or revenge. The tag matrix shows which of those actually make money.