Goldsands Lot Calc indicator

What it does

Getting position size wrong is one of the quickest ways to fail a prop firm challenge or damage an account. Goldsands Lot Calc takes it off your plate. Choose long or short, set your stop loss and take profit in pips, and enter your risk as a percentage of your account or a fixed amount. The lot size is worked out instantly and always rounded down to your broker's lot step, so you never risk more than you intended.

Your entry, stop loss and take profit are drawn on the chart with shaded risk and reward areas, showing exactly how much money is at risk, the potential reward and the risk-to-reward ratio. Commission can be included, so the numbers match what actually leaves your account. Fixed lot mode works the other way round: type in a lot size and see what it really risks.

On MetaTrader 5 and cTrader the panel reads your broker's own contract details and can be edited live on the chart. You can flip between long and short, or change your stop, target or risk without opening any settings. The panel, lines and boxes can each be switched on or off.

Key features

• Risk as a percentage of the account or a fixed amount
• Lot size always rounded down to your broker's lot step
• Entry, stop loss and take profit drawn with shaded risk and reward areas
• Shows money at risk, potential reward and risk-to-reward ratio
• Optional commission, so the numbers match your account
• Fixed lot mode: see what a given lot size really risks
• Reads your broker's contract details on MT5 and cTrader, editable live on the chart

Questions

Goldsands Lot Calc is an analysis tool. It doesn't give trade signals or financial advice, and how price has behaved around a level in the past doesn't guarantee how it will behave in future.