How the lot is calculated
The lot is chosen so that the loss at the stop equals the risk amount you picked in advance.
- Risk amount: 1% of $10,000 is $100.
- Gold, entry 4130.00, stop 4124.00: 6.00 in price to the stop.
- XAUUSD usually has 100 ounces per lot: 1.00 in price at 1 lot is $100, and 6.00 is $600.
- $100 ÷ $600 = 0.166 → lot 0.16 (down to the 0.01 step), risk $96.
For pairs where the dollar comes first (USDJPY, USDCHF, USDCAD), the loss is in the quote currency and is converted to dollars at the price. The calculator uses the lower of the entry and stop prices: the point value comes out slightly higher and the lot errs on the safe side.
The same — in one move on the chart
In TradeDeck the lot is calculated by your broker's real symbol specification: set the risk, drag the stop line — the lot is ready, and you can manage the trade from your phone too.