Use them now
Risk calculators
These run entirely in your browser, nothing is sent anywhere, and no account is required. They answer the only two questions that must be settled before any trade: how big should this position be, and what is one pip worth on it?
Calculator one
Position size & risk
Enter your balance, the percentage of it you are willing to risk, your stop distance in pips and the pip value per standard lot. The calculator returns the lot size that makes your stop cost exactly your intended risk.
$10 for USD-quoted pairs such as EUR/USD. Use the pip value calculator opposite for anything else.
Recommended position size
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Cash at risk
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Units
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Enter your figures above to calculate.
Calculator two
Pip value
Work out what one pip is worth in US dollars on a given position. Select whether the pair is quoted against the Japanese yen, where a pip is 0.01 rather than 0.0001, and enter the current price.
1 standard lot = 100,000 units. Use 0.1 for a mini lot, 0.01 for a micro lot.
Not used when USD is the quote currency. The pip value is fixed at $10 per standard lot.
Value of one pip
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Per standard lot
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Pip size
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Enter your figures above to calculate.
The method
How to use the calculators properly
The order in which you fill these in is not arbitrary. Get it backwards and the calculator becomes a rationalisation machine rather than a risk control.
- Find your stop first, on the chart. The stop belongs beyond the level that would prove your idea wrong, a broken support zone, a failed breakout, the other side of a range. It is not a number you choose to make the size convenient.
- Fix your risk percentage from your plan, not from your mood. Most traders settle between 0.5% and 2% per idea. It should be the same figure today as it was after your last three losses.
- Get the pip value right. On USD-quoted pairs it is $10 per standard lot and never changes. On yen pairs and pairs where the dollar is the base it depends on the current price, use the pip value calculator.
- Take the size the arithmetic gives you. If it feels too small, the problem is the stop distance or the account size, not the calculation.
- Check it in the terminal. Place the order with the stop attached and confirm the platform’s reported exposure matches your expectation before you commit real money.
Worked example
A $5,000 account, 1% risk, a 25-pip stop on EUR/USD where a pip is worth $10 per standard lot. Cash at risk is $50. Dividing $50 by (25 × $10) gives 0.2 standard lots. Two mini lots, or 20,000 units. If the stop is hit, the loss is $50 as intended.
Change one variable and the answer changes accordingly: widen the stop to 50 pips and the size halves to 0.1 lots, because the risk stayed constant. That is the entire point.
More detail on the reasoning is in the trading academy, level three.
Live in the terminal
What is already built in
Everything below works today in the NOVEDOX web terminal on demo and live accounts alike, in any modern browser on desktop, tablet or phone.
Live candlestick charts
Streaming price charts on every instrument across five timeframes, so you can hold a higher-timeframe bias while refining entries lower down. Prices update live rather than on a manual refresh.
Order ticket with SL & TP
Place market and pending orders with stop-loss and take-profit levels attached at entry. The practice that turns the calculator output above into an actual risk control rather than an intention.
Position manager
See every open position with live profit and loss, adjust stop and target levels while a trade runs, close partially or in full, and monitor margin usage as exposure changes.
Trade history & ledger
A complete record of closed positions and account transactions. This is the raw material for the journal described in the academy, reviewing what you actually did rather than what you remember doing.
Account switcher
Move between your demo and live accounts from the same login, so you can test an unfamiliar setup on simulated funds without leaving the terminal or maintaining separate credentials.
Instrument watchlist
Track live prices across the 23 forex pairs and 8 crypto instruments, grouped into majors, crosses, exotics and crypto, so your shortlist stays in view without hunting through a menu.
In development
Planned tools
Not available yet. Listed here with their real status rather than presented as features.
Economic calendar
Scheduled releases with consensus forecasts, previous readings and an impact rating, filterable by currency, with times shown in your own zone. Until it ships, use any reputable public calendar and read market analysis for what each indicator means.
Correlation matrix
A live grid showing how closely each instrument has moved with the others over a chosen period, so you can see when several open positions are really one bet. The concepts are covered on pairs to trade.
Volatility scanner
Average range by instrument and by session, to size stops in units of typical movement instead of arbitrary pip counts. Meanwhile, best times to trade covers where volatility clusters.
Common questions
About the tools
Do I need an account to use the calculators?
No. Both calculators run entirely in your browser. Nothing you type is transmitted or stored, and no login is required. You will need an account to use the terminal tools described further down.
Why is the pip value $10 on some pairs and not others?
Because profit and loss accrues in the quote currency. On a pair where the US dollar is the quote currency EUR/USD, GBP/USD, AUD/USD, NZD/USD. One pip on a standard lot is 100,000 × 0.0001 = $10 exactly, whatever the price.
Where the dollar is the base currency, such as USD/CHF, the result arrives in the other currency and must be converted back, so the pip value depends on the current rate. On yen pairs the pip is 0.01 rather than 0.0001, which changes the arithmetic again. The pip value calculator handles all three cases.
What risk percentage should I put in?
There is no universally correct figure, but most risk-management writing lands between 0.5% and 2% of account equity per idea. The important properties are that it is decided in advance, that it is the same after a losing streak as before one, and that it applies to your total correlated exposure rather than to each ticket separately.
Do the calculators account for spread and commission?
No. They calculate the raw position size and pip value using standard conventions. Actual trading costs spread, any commission, and swap on positions held past rollover, are additional and depend on the instrument and prevailing conditions. Treat the output as a close approximation and verify in the terminal.
Can I use these for crypto positions?
The position size calculator’s logic applies to any instrument if you supply the correct value per point of movement, but crypto contract sizes and tick values differ substantially from the forex conventions these calculators assume. Check the instrument specification in the terminal before relying on the output for a crypto trade.
Is there a margin calculator?
Not on this page yet, but the arithmetic is simple: required margin equals the position’s notional value divided by the leverage. At the NOVEDOX default of 200:1, one standard lot of a USD-quoted pair $100,000 notional, requires $500 of margin. The terminal displays required margin on the order ticket before you confirm.
Put the numbers to work on a live chart.
Open a NOVEDOX demo account with $10,000 in simulated funds and place the trade you just sized, no deposit required.
Trading involves risk. 74.3% of retail accounts lose money.