Stevesmethod

Stop Loss/Take Profit Levels

What is a Stop Loss Levels Calculator?
The Stop Loss Calculator is used to determine the price level you should use for Stop Loss/Take Profit orders, how many pips are in each one, and what is the value of each pip.

Steps for using the Stop Loss Levels Calculator:

  • Select the currency pair you are trading.
  • Enter your account currency, your position size, and the opening price.
  • Select long or short for your trade and then enter the amount of money you are willing to risk before this trade closes.