Currency Pair
Direction
Entry Price
Risk Amount ($)
Lot Size
Risk:Reward Ratio
Stop Loss & Take Profit Levels (click to copy)
Frequently Asked Questions
How do I set a stop loss?
Set your stop loss at a price level where your trade idea is proven wrong — usually below a key support (for buys) or above key resistance (for sells). Then calculate the pip distance and ensure the dollar risk matches your risk management rules (typically 1–2% of account).
How do I calculate take profit from R:R ratio?
Take Profit distance = Stop Loss distance × R:R ratio. If your SL is 50 pips away and your R:R is 1:2, your TP should be 100 pips away. This calculator does this automatically — enter your risk amount and R:R, and it gives you exact price levels.
Should I always use a fixed R:R ratio?
No — the best traders use dynamic take profits based on market structure (next resistance level, measured moves, Fibonacci extensions). However, a minimum 1:1.5 R:R rule prevents taking trades with poor reward potential. Never risk more than you can win.
What is a trailing stop loss?
A trailing stop moves your stop loss in the direction of profit as price moves in your favor, locking in gains. If price moves 50 pips in your favor with a 20-pip trailing stop, your SL moves 50 pips in your direction, guaranteeing a 30-pip profit minimum.
How does risk amount relate to lot size?
If you risk $100 with a 50-pip SL on EUR/USD, the required lot size = $100 ÷ (50 pips × $10/pip) = 0.2 lots. This calculator combines your risk amount with lot size and pair to give you exact SL and TP prices simultaneously.