Position size calculator
Your entry decides whether one trade works. Your size decides whether you are still trading in a year.
Pip value per standard lot depends on the instrument. Gold and the indices are not the same as a currency pair, so take the figure your platform shows and put it in here.
Free, and nothing is stored. Check every figure against your own platform before you trade on it. Nothing here is advice, and trading carries risk.
The formula is one line: position size = (account × risk %) ÷ (stop distance × value per point). Three inputs you choose before you enter, and one that comes from the instrument.
Worked through: a £10,000 account risking 1% is £100 on the trade. If your stop is 50 pips away and each pip is worth £2 per lot, then 50 × 2 = £100 of risk per lot, so the position is one lot. Move the stop to 100 pips and the same £100 buys you half a lot. Nothing else changed.
Notice what that does. A wider stop does not mean more risk, it means a smaller position. The risk is the constant and everything else moves around it. That is the whole point of sizing this way rather than by feel.
Pip value per lot is the input people get wrong, because it differs by instrument. Gold and the indices are not quoted like a currency pair. Take the figure your own platform shows rather than assuming ten.
The ones people actually ask.
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