Calculate futures points and ticks, Forex pips, stock or crypto price moves, target profit, stop-loss risk, position size, and risk-to-reward. Select what you trade and let the calculator translate the move into dollars.
Select what you trade, choose what to calculate, and enter your trade details.
A day trading calculator takes three prices you already have in mind (an entry price, a target price, and a stop price) and turns the distance between them into something concrete: dollars. That is the entire job. It does not know where the market is going next, it does not know whether your entry price is a good one, and it cannot tell you whether a trade will work out. What it can do is take the plan you already wrote down and show you, in plain numbers, how much that plan is worth if the target is reached and how much it costs if the stop is reached instead.
This matters because the math itself is genuinely different across markets, and mixing it up is one of the most common ways traders miscalculate their own risk. A one dollar move in Gold futures is worth a very different amount than a one dollar move in a stock, which is worth a very different amount again than a one pip move in a currency pair. A calculator built for one market and casually reused for another will quietly produce the wrong number, and because the output still looks like a normal dollar figure, the error is easy to miss until the trade is already open.
The calculator on this page is organized around four markets, Futures, Forex, Stocks and ETFs, and Crypto Spot, because each one converts price movement into money using its own rules. Selecting the correct market first is what keeps the rest of the math honest.
Every tradable instrument has a minimum price increment it is allowed to move by, and that increment carries a specific dollar value. In equities, that increment is usually one cent, and its value is simply the number of shares you hold multiplied by that cent. In listed futures contracts, the increment is called a tick, and each contract specification sets both the tick size (how small a price change is allowed to be) and the tick value (what that specific increment is worth in dollars once the contract's size is factored in). In spot Forex, the increment is usually described in pips, a term that refers to the fourth decimal place in most currency pairs and the second decimal place in pairs involving the Japanese yen.
None of these units convert to one another by simple analogy. A Micro Gold futures contract (MGC) moves in ticks of $0.10 in the underlying gold price, and each of those ticks is worth $1.00 because the contract represents 10 troy ounces. That means a full $1.00 move in the price of gold is worth $10.00 per Micro Gold contract, not "one pip" and not some fixed value borrowed from another market. Calling that same move "a pip" would be a Forex term applied to a futures product, and the dollar math underneath it would not match either.
The safest way to keep this straight is to always let the instrument you select define the conversion, rather than assuming any single dollar-per-tick or dollar-per-pip number applies everywhere. That is exactly what the calculator's instrument database is built to do: every listed Futures contract carries its own tick size and tick value pulled from official exchange documentation, every Forex pair uses pip math scaled to the pair's actual decimal convention, and Stocks and Crypto are calculated directly from price difference and quantity with no tick or pip layer at all.
Every trade plan starts as three prices stacked in order. The distance from Entry up to Target is the planned reward. The distance from Entry down to Stop is the planned risk. The calculator measures both distances the same way, then converts each one into dollars using the instrument, lot size, or share count you select.
Notice that the ladder above says nothing about which direction is more likely, or whether 3010 is a realistic target for any particular day. It is a measurement tool, not a forecast. Reversing the order (placing a stop above a higher target on a long trade, for example) does not stop the calculator from running the math, but it will show a plain warning that the prices look reversed for the direction you selected, since that is usually a data entry mistake rather than an intentional strategy.
Futures contracts are built around a chain of three numbers: the price movement itself, the number of ticks that movement represents, and the dollar value of those ticks. The calculator walks this chain in order every time, because skipping a step is where most manual futures math goes wrong.
Take a Micro E-mini S&P 500 contract (MES). Its tick size is 0.25 index points, and each tick is worth $1.25, which works out to $5.00 for every full point the index moves. If you plan a long trade with an entry of 5000.00 and a target of 5010.00, the price movement is 10.00 points. Divide that by the 0.25 tick size and you get 40 ticks. Multiply 40 ticks by $1.25 per tick and the target represents $50.00 of gross profit per contract, which is the same answer you would get by simply multiplying the 10 point move by the $5.00 point value. The calculator always performs this conversion using careful rounding, so a division like 10 divided by 0.25 lands on exactly 40 rather than a floating-point artifact like 39.999999.
Two different instruments, two different tick sizes, two different tick values, but the same three-step chain: measure the move, convert it to ticks, then convert ticks to dollars. The calculator performs this chain automatically once you pick an instrument, so you never have to look up a tick value by hand.
This chain also runs in reverse. If you already know how much dollar profit you want a trade to represent, the calculator's Dollar Profit Target mode works backward through the same three steps: it divides your desired dollar amount by the point value to find the required point move, then adds or subtracts that move from your entry price depending on whether you are long or short. A trader planning a $100.00 target on a Micro Gold contract, where each point is worth $10.00, would need a 10 point move, placing the target at 3010 for a long entry at 3000 or 2990 for a short entry at the same price.
Spot Forex uses a different convention entirely. Most currency pairs are quoted to four decimal places, so a pip is defined as a movement of 0.0001 in the exchange rate. Pairs that involve the Japanese yen are the well-known exception: because the yen trades at a much larger numerical value against most currencies, those pairs are quoted to two decimal places, and a pip there is 0.01, not 0.0001. Using the wrong pip size for a yen pair is one of the fastest ways to be off by a factor of 100, and using a futures tick value where a Forex pip value belongs is an easy way to be off by an entirely different, unpredictable amount.
Consider EUR/USD moving from 1.1050 to 1.1080. That is a movement of 0.0030 in the exchange rate, or 30 pips, since each pip is 0.0001. Now consider USD/JPY moving from 149.50 to 149.80, the same looking "30 cents" of nominal price change. Because JPY pairs use a pip size of 0.01 rather than 0.0001, that same 0.30 move is only 30 pips as well, not 3,000 and not 30,000. The calculator determines which pip size applies automatically based on the pair you select, and a custom pair lets you specify the correct pip size manually if it is not in the built-in list.
The dollar value of a single pip depends on your account currency, your position size, and the pair itself. If your account currency matches the pair's quote currency, the pip value in your account currency is straightforward to compute directly from the position size. If your account currency matches the base currency instead, the calculator converts using the pair's own exchange rate. If your account currency is a third currency entirely, unrelated to either side of the pair, an accurate pip value requires a separate conversion rate, and rather than invent one, the calculator will show you exactly which conversion rate it needs so you can supply an accurate figure.
The highlighted digit is the pip place. For most pairs it sits at the fourth decimal (top row, EUR/USD). For Japanese yen pairs it sits at the second decimal instead (bottom row, USD/JPY), because yen pairs are quoted with two fewer decimal places. Both examples above represent 30 pips of movement, even though the raw numbers look different.
Because contract size is baked into tick value, identical price movement in the identical underlying market can be worth very different amounts depending on which specific contract you trade. Gold is the clearest example available on this calculator, since it lists multiple contract sizes for the same underlying metal: a 1 troy ounce reference size, the Micro Gold futures contract (MGC, 10 troy ounces), and the standard Gold futures contract (GC, 100 troy ounces).
A $10.00 move in the price of gold represents $10.00 of value per ounce by definition. On a Micro Gold contract (10 ounces), that same $10.00 move is worth $100.00 per contract. On a standard Gold contract (100 ounces), it is worth $1,000.00 per contract, ten times as much for the exact same price movement in the exact same underlying market. Neither contract size is inherently better than the other. A smaller contract means smaller dollar swings per point of movement and finer control over position size; a larger contract means larger dollar swings per point of movement and can require significantly more capital and risk tolerance to trade even one contract. The calculator's contract size comparison exists purely to make this relationship visible, not to suggest that a bigger contract is a better choice.
Same underlying market, same $10.00 price movement, ten times the dollar exposure simply because the contract is ten times larger. This is exactly why the calculator asks which specific contract you are trading rather than just which metal or index.
The same principle applies across the equity index futures family. A Micro E-mini contract and its full-size E-mini counterpart track the same index, but the Micro is built to be a fraction of the full contract's dollar value per point, which is precisely why the Micro versions exist: they let a trader express a view on the same index with a smaller, more granular dollar exposure per point of movement.
Risk-to-reward is a ratio between two distances you already defined yourself: the distance from your entry to your target, and the distance from your entry to your stop. It says nothing about the probability that either price will actually be reached. A 3 to 1 reward-to-risk ratio simply means the planned reward is three times the size of the planned risk in dollar terms, based on the prices you entered. Whether the market actually gets there is a separate question this calculator does not attempt to answer.
The calculator reports this relationship two ways, both from the same two numbers. Reward-to-risk divides the potential reward by the potential risk, so a ratio above 1 means the planned reward is larger than the planned risk. Risk-to-reward is the inverse of that same ratio, dividing the potential risk by the potential reward instead. Both are shown clearly labeled side by side so there is no ambiguity about which direction a given ratio is being read, and neither one is scored, graded, or described as "good" or "bad." A 1 to 1 ratio is not a warning and a 5 to 1 ratio is not a promise; both are simply descriptions of the distances you set.
This example shows a planned reward three times the width of the planned risk, a 3.0 reward-to-risk ratio (and equivalently, about 0.33 risk-to-reward). The bar lengths are proportional to the dollar amounts at your target and your stop. Longer does not mean more likely, only larger in dollar terms.
Position size is the multiplier that sits on top of every calculation described so far. Doubling the number of contracts, shares, lots, or units you hold doubles the dollar value of every tick, pip, cent, or point move, in both directions. It does not change how likely the target or the stop is to be reached; it only changes how much money is attached to each outcome.
This calculator's Dollar Risk to Position Size mode starts from a maximum dollar amount you choose to risk and works out how large a position that budget allows, given your entry and stop. For Futures and non-fractional Stock shares, the result is always rounded down to a whole number, never up, because rounding up would mean risking more than the budget you specified. As a concrete example, if a Micro E-mini S&P 500 stop represents $10.00 of risk per contract and your budget is $105.00, dividing $105.00 by $10.00 gives 10.5, and the calculator returns 10 contracts, not 11, since 11 contracts would risk $110.00, more than the stated $105.00 budget. The Account Risk Percent mode works the same way, except the dollar budget itself is first calculated as a percentage of an account size you provide; the calculator never suggests what percentage to use, it simply carries whatever percentage you enter through the same position sizing math.
Same entry, same target, same stop, only the position size changes. The dollar result scales in a straight line with the number of contracts, shares, lots, or units. Nothing about the underlying price move became more certain; only the dollar amount riding on it changed.
It is worth seeing all four markets side by side, because the differences are easy to state individually but easy to forget once you switch between them in practice. Futures convert a price move into ticks first, then into dollars using a fixed tick value defined by the exchange. Forex converts a price move into pips using a pip size that depends on the specific currency pair, then into dollars using an account currency conversion. Stocks and ETFs skip the tick and pip layer entirely, multiplying the raw price difference directly by the number of shares held, with fractional shares supported when your broker allows them. Crypto Spot works the same way as Stocks, multiplying the raw price difference by however many units or coins you hold, including fractional amounts, since crypto is commonly traded in small decimal quantities.
Price move → ticks → dollars, using the contract's exchange-defined tick size and tick value.
Price move → pips (0.0001, or 0.01 for JPY pairs) → dollars, adjusted for account currency.
Price move × number of shares, fractional shares optional, no tick or pip conversion.
Price move × units or coins held, fractional units supported, no tick or pip conversion.
Selecting the correct market at the top of the calculator is what routes your entry, target, and stop through the correct one of these four conversion paths.
The core price math above describes what a trade is worth on paper, before any costs are applied. Real trading involves costs on top of that: a round-turn commission per futures contract, a stock commission, a Forex commission plus spread cost, or a percentage or flat crypto exchange fee. This calculator's Trading Costs section is optional, collapsed by default, and defaults every cost field to $0.00 so it never quietly assumes a cost you did not enter. Whatever you do enter is subtracted from the gross target profit and added to the gross stop loss, and the results section always displays the gross figure and the estimated net figure separately and clearly labeled, rather than only showing one blended number.
Slippage works alongside costs but represents something different: the possibility that your actual fill price differs from your planned target or stop price, particularly during fast markets, price gaps, or periods of limited liquidity. The Estimated Slippage section, also optional and collapsed by default, lets you enter an assumed amount in whatever unit matches your market (ticks for Futures, pips for Forex, dollars or cents per share for Stocks, or price movement per unit for Crypto) and folds that estimate into the net result. It is worth being direct about what this does and does not represent: entering an estimated slippage value does not guarantee that your actual fill will land at that adjusted price. Actual fills can differ from the planned stop or target, especially during gaps, fast markets, or limited liquidity, and a stop order in particular is a instruction to exit, not a guarantee of an exact price.
Costs are subtracted from the gross target and added to the gross stop, then both a gross and an estimated net figure are shown, so the effect of the costs you entered stays visible rather than hidden inside a single combined number.
Trade planning calculators are not a new idea, and different sites organize the same underlying inputs (entry, target, stop, size, and cost) in different ways. For a look at how another calculator lays out these same categories of inputs, see this Day Trading Calculator reference. That page reflects its own site's layout and worked examples, and neither its text, its formulas, nor its specific examples were used in building the calculator on this page. It is also worth being clear about scope: for Futures contract specifications specifically, the authoritative source remains the official exchange documentation (CME Group's own contract specification pages and rulebook chapters for CME, CBOT, NYMEX, and COMEX products), not any third-party calculator or blog, including the one linked above.
Different calculators will sometimes group Trading Costs and Slippage together, or separate them the way this page does; some will show only a single blended profit and loss figure rather than a gross and a net figure side by side. These are presentation choices more than mathematical disagreements, and the core arithmetic described throughout this article, measuring a price distance and converting it into dollars through the correct unit for the correct market, holds regardless of how any particular calculator chooses to lay out its input form.
A trade plan calculator answers a narrow question: given these specific prices and this specific position size, what does the trade represent in dollars. It intentionally does not answer broader questions about your finances, and those broader questions are usually the ones that matter more over time. If you are working out how much of your monthly income is available to allocate anywhere, including toward trading capital, a Budget Calculator is built for exactly that kind of monthly planning. If you want to see a quick read on how one number relates to another, whether that is calculating a percentage move, a percentage of an account, or any other simple ratio, a Percentage Calculator handles that directly.
One distinction is worth stating plainly rather than leaving implied: money set aside in an emergency fund is meant to cover unexpected expenses and income gaps, and it is generally treated as separate from money allocated to active trading, since trading capital can lose value and an emergency fund is meant to be reliably available when you need it. If you are figuring out how large that separate reserve should be, an Emergency Fund Calculator is built for that specific purpose and is not a substitute for, or a source of, trading capital.
For a wider view of where you stand financially, tracking assets against liabilities over time, a Net Worth Calculator gives that fuller picture, of which any trading account is only one part. And for long-run growth questions that operate on a completely different timescale than day trading, whether that is projecting how a lump sum or a series of contributions could grow, an Investment Calculator or a Compound Interest Calculator are built around compounding returns over months and years, not the single-trade, same-day math this page focuses on.
It is worth restating the purpose of this page directly. This is a trade-planning and measurement tool. It converts the prices and quantities you provide into dollar figures using publicly documented contract specifications, standard pip conventions, and straightforward multiplication for Stocks and Crypto. It does not predict where any market will move next. It does not generate buy or sell signals. It does not recommend a specific trade, a specific position size, or a specific risk percentage; every dollar risk figure, account risk percentage, and position size shown is a direct calculation from numbers you supplied, not a suggestion of what those numbers should be. It does not score a risk-to-reward ratio as good or bad, and it does not promise that a stop order will fill at the exact price you planned. Treat every result here the way you would treat any calculation: correct arithmetic applied to inputs you control, nothing more.
The seven worked examples below show the full chain of math for each market and mode, using round, easy-to-follow numbers so the arithmetic itself is easy to check by hand.
This calculator measures a single trade's price movement in dollars. The related calculators below cover different financial questions entirely.
Converts an entry, target, and stop into dollar profit, dollar risk, position size, and risk-to-reward for Futures, Forex, Stocks, or Crypto.
You are hereFinds what percentage one number is of another, or applies a percentage change to a value.
Open Percentage Calculator →Organizes monthly income against expenses to see what is actually available to allocate.
Open Budget Calculator →Estimates how large a separate cash reserve should be, kept apart from trading capital.
Open Emergency Fund Calculator →Totals assets against liabilities for a full picture of where you stand financially.
Open Net Worth Calculator →Projects how a lump sum or ongoing contributions could grow over months and years.
Open Investment Calculator →Shows how compounding growth accumulates on a balance over a chosen time period.
Open Compound Interest Calculator →Is this a signal service that tells me when to buy or sell?
No. This calculator does not generate buy or sell signals and does not predict where any market will move. You provide the entry, target, and stop prices, and the calculator converts the distances between them into dollar figures.
Does the calculator tell me if a trade is a good idea?
No. It reports risk-to-reward and reward-to-risk as plain ratios based on the numbers you entered. It never labels a ratio as good, bad, excellent, or poor.
What is the difference between a point, a tick, and a pip?
A point is a unit of price movement. A tick is the smallest allowed price increment for a specific futures contract, and each tick has a defined dollar value. A pip is the standard unit of movement in spot Forex, equal to 0.0001 for most pairs and 0.01 for pairs involving the Japanese yen.
Why is a $1.00 move in Gold not called "one pip"?
Pips are a Forex convention. Gold futures use tick size and tick value instead. Calling a Gold futures move "a pip" mixes two different measurement systems and can lead to an incorrect dollar calculation.
Where do the Futures tick sizes and tick values come from?
Every listed Futures instrument in this calculator is sourced from official exchange contract specifications (CME Group, covering CME, CBOT, NYMEX, and COMEX products), each with a recorded source and a last-verified date shown in the Contract Data and Methodology section below.
My Futures instrument is not in the list. What do I do?
Use the Custom Futures Contract option under the Futures instrument dropdown. Enter the tick size and dollar value per tick yourself, ideally confirmed directly with your exchange or broker, and the calculator will use those figures for its math.
Why does the calculator ask for a Futures category before an instrument?
Grouping instruments by category, such as Equity Index, Metals, Energy, or FX Currency Futures, makes a long instrument list easier to search and reduces the chance of selecting the wrong contract by mistake.
Are FX Futures the same thing as spot Forex?
No. FX Futures, such as 6E (Euro FX) or 6B (British Pound), are exchange-listed futures contracts with their own fixed contract size, tick size, and tick value, set by the exchange. Spot Forex uses pip-based math and lot sizing instead. This calculator keeps the two separate and applies the correct math to each.
Why is my USD/JPY pip count so much smaller than I expected?
Japanese yen pairs use a pip size of 0.01, not the 0.0001 used by most other pairs. A 0.30 move in USD/JPY is 30 pips, not thousands of pips. Using the wrong pip size is one of the most common Forex math errors.
How does the calculator find my pip value if my account currency is neither side of the pair?
When your account currency is not the base or quote currency of the pair you selected, an accurate pip value requires a specific conversion rate between your account currency and the pair. Rather than assume a rate, the calculator tells you exactly which conversion rate it needs so you can enter an accurate figure.
Can I use this calculator for a Stock or ETF?
Yes. Select Stocks / ETFs, enter your entry, target, stop, and number of shares, and the calculator multiplies the price difference directly by your share count. A symbol field is available but optional, since no stock price database is used.
Does the calculator support fractional shares?
Yes, if you select "Yes" for Fractional Shares. When fractional shares are not selected, position-size results are rounded down to a whole number of shares.
Can I use this calculator for crypto?
Yes. Select Crypto Spot, enter your entry, target, stop, and the number of units or coins, which can be a decimal amount such as 0.05. The calculator multiplies the price difference by that quantity directly.
What does the Dollar Risk to Position Size mode do?
You enter the maximum dollar amount you are choosing to risk along with your entry and stop, and the calculator works out the largest position size that stays within that dollar budget for the instrument you selected.
Why does Futures position sizing round down instead of to the nearest whole number?
Rounding up could put you over your stated risk budget. For example, if your budget is $105.00 and each contract risks $10.00, that divides to 10.5 contracts, and the calculator returns 10 contracts, never 11, so the dollar risk never exceeds what you specified.
What does the Account Risk Percent mode do?
You enter your account size and a risk percentage you have already chosen. The calculator multiplies those together to get a dollar risk budget, then runs the same position-sizing math as the Dollar Risk mode. It does not suggest what percentage to use.
Does the calculator recommend a risk percentage like 1% or 2%?
No. The calculator only uses whatever percentage you enter for that specific calculation. It is not a recommendation of what percentage is appropriate for anyone's situation.
What does the Dollar Profit Target mode do?
You enter how much dollar profit you want the trade to represent, along with your entry, direction, and position size, and the calculator works backward to show the target price required to reach that dollar amount.
What happens if I enter the same price for entry and stop?
Position-size calculations require a nonzero distance between entry and stop, since dividing a risk budget by zero risk per unit is undefined. The calculator shows a clear message explaining that entry and stop cannot be the same when calculating position size from a risk limit.
What is the difference between gross profit and estimated net profit?
Gross profit or loss reflects only the raw price movement math, before any trading costs. Estimated net profit or loss subtracts whatever commission, spread, or fee amounts you entered in the optional Trading Costs section, so you can see the effect of costs clearly rather than blended into one number.
Do I have to fill in the Trading Costs section?
No, it is optional and collapsed by default, with every field defaulted to $0.00. Nothing is assumed on your behalf unless you open the section and enter a value.
What is slippage and why does the calculator ask about it?
Slippage is the difference between the price you planned to enter or exit at and the price you actually receive, which can happen during fast-moving markets, price gaps, or thin liquidity. Entering an estimated slippage amount adjusts the net result, but it is only an estimate, not a guarantee of your actual fill.
Does a stop-loss order guarantee I will lose exactly the amount shown?
No. A stop order is an instruction to exit at or near a given price, but actual fills can differ from the planned stop, especially during gaps, fast markets, or limited liquidity. The dollar figures shown are a planning estimate, not a guaranteed outcome.
What is the difference between reward-to-risk and risk-to-reward?
Reward-to-risk divides your potential reward by your potential risk. Risk-to-reward is the inverse, dividing potential risk by potential reward. Both describe the same two dollar figures from different directions, and both are shown clearly labeled so they are never mistaken for one another.
Why do I get a warning when I set my target below my entry on a long trade?
For a long trade, the target is generally expected to sit above the entry and the stop below it. If the prices you entered appear reversed for the direction you selected, the calculator still completes the math but shows a non-blocking warning, since this pattern usually indicates a data entry mistake.
Can this calculator show me live or real-time prices?
No. This calculator does not connect to any live price feed. Every entry, target, and stop price is a number you provide yourself.
Does margin requirement equal my maximum possible loss?
No. Margin is collateral required to hold a position and is not the same as maximum possible loss, which can exceed the margin posted, particularly in fast-moving markets or gapping conditions. This calculator does not calculate margin requirements.
Can I print or save my trade plan?
Yes. After calculating a result, use the Print or Save PDF button to generate a Day Trade Plan Summary containing your key trade details, formatted for printing without the navigation, article, or sidebar content.
Can I share a calculated result with someone else?
Yes, using the Copy Result, Copy Link, Email, Facebook, Reddit, or native device Share options. The shareable link never includes your specific account size, entry, target, stop, risk amount, position size, or profit and loss figures.
Is this financial or trading advice?
No. This calculator and the article on this page are provided for educational purposes only, to help illustrate how trade math works across different markets. See the disclaimer near the Contract Data and Methodology section for more detail.
Each listed Futures instrument's tick size, tick value, contract size, and point value are taken from official exchange contract specifications (CME Group, covering CME, CBOT, NYMEX, and COMEX products). Every record stores its source name and the date it was last verified. These figures do not update automatically; exchanges occasionally revise contract specifications, so figures should be periodically re-checked against the exchange directly, particularly before relying on them for anything beyond this educational tool.
Pip size follows standard market convention: 0.0001 for most currency pairs, and 0.01 for pairs involving the Japanese yen. Pip value is calculated from your selected lot size and account currency, converting through the pair's exchange rate when your account currency is the base currency, and flagging when a separate conversion rate is required for a third account currency.
Both markets are calculated directly: the difference between your entry and target or stop prices, multiplied by your share or unit count. No tick table, pip table, or external price database is used for either market.
Manually entered tick size and tick value are used exactly as provided, with no verification performed by this calculator. Confirm any manually entered contract specification with your exchange or broker before relying on it.