Position size calculator.
Put in your balance, how much you'll risk and your stop in pips, and get the lot size for a gold trade. A tool for your own numbers, not advice.
Lot size
0.01 lots
- $8.00 at risk if the stop is hit
- You asked to risk $10.00. Rounding down to 0.01 lots keeps it under that.
- Each pip is worth $0.10 at this size, so a 1.00 move is $1.00.
How the sum works.
The same four steps the calculator takes, with the example: a $1,000 account, 1% risk and an 80 pip stop.
The money at risk
1% of $1,000 is $10. With a fixed amount, that amount is the risk.
What a pip is worth on one lot
A gold pip is 0.10 of the price and a lot is 100 ounces, so one pip on one lot is $10.
Divide
$10 ÷ (80 pips × $10) = 0.0125 lots.
Round down
Lots go in steps of 0.01, so it's 0.01 lots. An 80 pip stop at 0.01 lots costs $8.00: a little less than you asked, never more.
A pound or euro account turns the risk into dollars with the exchange rate you type, then turns the answer back. A stop can slip in a fast market, so a real loss can be bigger than the sum. This is a tool for your own numbers, not advice on what to trade or risk.