Calculate stop loss and take profit prices for a buy or sell from your % risk or from pips, with the reward/risk ratio you choose.
For information only. Not financial advice. Always check your broker's conditions before trading.
How it works
Calculate exact stop loss and take profit prices for a buy or sell trade. You can set the stop by the money you want to risk (a % of the account at a given size) or directly in pips.
The take profit is placed at the stop distance multiplied by the reward/risk ratio you choose.
Which is better: setting the stop by pips or by risk?
The recommended approach is to place the stop where your analysis is invalidated and size the position to your risk. If you already have a fixed size, % mode tells you where the stop should go.
Does it take the spread into account?
No. On a sell, the stop is triggered by the Ask price, so it is wise to leave a small extra margin.
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