TradoX - Lot Calculator App Tutorial

1

Account Balance

Type in your total account balance in this field. This should be the full amount currently available in your trading account. For example, if you have £100,000 in your account, enter £100,000 here.

Account Balance
2

Risk Percentage

Enter the percentage of your account balance you'd like to risk on a trade. For example, if you choose 1% and your balance is £100,000, your risk will be £1,000.

Risk Percentage
3

Risk Amount

If you prefer to enter your trade risk as a fixed cash amount rather than a percentage of your account balance, you can use this field instead.

Risk Amount
4

Base Currency

Enter the base currency of your trading account in this field. In this example, we’re using GBP as the base currency.

Base Currency
5

Currency Pair

Pick the pair you want to trade. Start with the first currency, like USD, then choose the second one — for example, JPY.

Currency Pair
6

Stop Loss

Enter your stop loss size here, in PIPS. Keep in mind that pip values can vary between currency pairs. To help with this, we’ve included a table in the tutorial showing how to calculate pips for each pair available in the app. In this example, we’re using a 2.5 pip stop loss.

Stop Loss
7

Calculate

Once you've filled in all the fields, the app will automatically calculate the lot size for your trade. It also makes small adjustments behind the scenes, so you won’t need to re-enter everything just to make a minor change.

Calculate

Pip Calculation

Before you enter your stop loss, it’s important to understand that pip values can vary between different currency pairs. While a pip is typically a standardized unit, its actual value can change depending on the currencies you're trading. For example, most pairs use the fourth decimal place to measure a pip, but pairs involving the Japanese Yen often use the second decimal place instead.


This difference affects how stop losses — and ultimately your risk — are calculated. That’s why, in the next section, we’ve included a helpful table that shows you how pip values are calculated for every currency pair available in the app.

TradePip Count Decimal
AUD/CAD0.0001
AUD/CHF0.0001
AUD/CNH0.0001
AUD/CZK0.0001
AUD/DKK0.0001
AUD/HKD0.0001
AUD/JPY0.01
AUD/MXN0.0001
AUD/NOK0.0001
AUD/NZD0.0001
AUD/PLN0.0001
AUD/SEK0.0001
AUD/SGD0.0001
AUD/TRY0.0001
AUD/USD0.0001
AUD/ZAR0.0001
BTC/EUR0.1
BTC/USD0.1
CAD/CHF0.0001
CAD/CNH0.0001
CAD/CZK0.001
CAD/DKK0.0001
CAD/HKD0.0001
CAD/JPY0.01
CAD/MXN0.0001
CAD/NOK0.0001
CAD/PLN0.0001
CAD/SEK0.0001
CAD/SGD0.0001
CAD/TRY0.0001
CAD/ZAR0.0001
CHF/CNH0.0001
CHF/CZK0.0001
CHF/DKK0.0001
CHF/HKD0.0001
CHF/JPY0.01
CHF/MXN0.0001
CHF/NOK0.0001
CHF/PLN0.0001
CHF/SEK0.0001
CHF/SGD0.0001
CHF/TRY0.0001
CHF/ZAR0.0001
CZK/JPY0.01
DKK/JPY0.01
ETH/EUR0.1
ETH/USD0.1
EUR/AUD0.0001
EUR/CAD0.0001
EUR/CHF0.0001
EUR/CNH0.0001
EUR/CZK0.0001
EUR/DKK0.0001
EUR/GBP0.0001
EUR/HKD0.0001
EUR/JPY0.01
EUR/MXN0.0001
EUR/NOK0.0001
EUR/NZD0.0001
EUR/PLN0.0001
EUR/SEK0.0001
EUR/SGD0.0001
EUR/TRY0.0001
EUR/USD0.0001
EUR/ZAR0.0001
GBP/AUD0.0001
GBP/CAD0.0001
GBP/CHF0.0001
GBP/CNH0.0001
GBP/CZK0.0001
GBP/DKK0.0001
GBP/HKD0.0001
GBP/JPY0.01
GBP/MXN0.0001
GBP/NOK0.0001
GBP/NZD0.0001
GBP/PLN0.0001
GBP/SEK0.0001
GBP/SGD0.0001
GBP/TRY0.0001
GBP/USD0.0001
GBP/ZAR0.0001
GER400.1
HK500.1
HKD/JPY0.01
LTC/EUR0.1
LTC/USD0.1
MXN/JPY0.01
NOK/JPY0.01
NZD/CAD0.0001
NZD/CHF0.0001
NZD/CNH0.0001
NZD/CZK0.0001
NZD/DKK0.0001
NZD/HKD0.0001
NZD/JPY0.01
NZD/MXN0.0001
NZD/NOK0.0001
NZD/PLN0.0001
NZD/SEK0.0001
NZD/SGD0.0001
NZD/TRY0.0001
NZD/USD0.0001
NZD/ZAR0.0001
PLN/JPY0.01
SEK/JPY0.01
SGD/JPY0.01
UK1000.1
US1000.1
US300.1
USD/CAD0.0001
USD/CHF0.0001
USD/CNH0.0001
USD/CZK0.0001
USD/DKK0.0001
USD/HKD0.0001
USD/JPY0.01
USD/MXN0.0001
USD/NOK0.0001
USD/PLN0.0001
USD/SEK0.0001
USD/SGD0.0001
USD/TRY0.0001
USD/ZAR0.0001
XAG/AUD0.0001
XAG/CAD0.0001
XAG/EUR0.0001
XAG/GBP0.0001
XAG/USD0.0001
XAU/AUD0.1
XAU/CAD0.1
XAU/EUR0.1
XAU/GBP0.1
XAU/USD0.1
ZAR/JPY0.01