Stop Loss & Take Profit Calculator [Free Tool]
Turn your risk and reward targets into exact exit prices before the trade fills. Cap the downside and lock the upside while you are still thinking clearly.
Disclaimer: Trading financial instruments involves risk, and everything on this page is provided for educational purposes only. Nothing here is financial advice or a recommendation to buy or sell any instrument.
Stop Loss Price
1.09800
20.0 pips from entry
Take Profit Price
1.10400
40.0 pips from entry
Risk $200.00 / Profit $400.00 at 1 lots.
How is this calculated?
Per-Unit Value = Lot Size × Contract Size × Quote→Account Rate
Stop Distance = Risk Amount ÷ Per-Unit Value
Profit Distance = Profit Amount ÷ Per-Unit Value
Read the full user guide
Every parameter, formula, and worked example — a complete reference for this tool.
What is stop loss and take profit?
Stop loss and take profit are the two orders that decide when a trade ends, set before the trade even begins. The stop loss caps how much you are willing to lose by exiting automatically if price moves against you; the take profit locks in gains at a target level. Together they turn a trade into a defined risk-reward decision made in a calm moment, not in the heat of the market. This calculator starts from the dollar amount you want to risk and works out the exact price levels for both orders, across forex, US stocks, and crypto.
Key concepts
Stop loss
An order to exit when price moves against you by a set amount, capping the loss on the trade.
Take profit
An order to exit when price reaches a target, securing the profit.
Risk distance
The price gap between entry and stop, which determines the risk of the trade.
A worked example with real numbers
- 1
Decide the risk amount
You want to risk $150 on a trade and are buying a stock at $50. The question the tool answers: where do the stop and target prices land?
- 2
Convert risk into distance
With a position of 100 shares, $150 of risk equals a $1.50 price distance, so your stop loss sits at $50.00 − $1.50 = $48.50.
- 3
Set the take profit
If you want a 1:2 reward, the target is $3.00 above entry, so take profit sits at $53.00. The trade now has defined exits on both sides.
- 4
Check the plan before you commit
Both levels are known before the order is placed. If the stop or target does not fit the chart structure, adjust the trade before it exists.
How to use it
Enter the entry price
The price where you plan to open the position.
Set risk and profit targets
Define the dollar amount you are willing to risk and the profit you want to target.
Set your position size
For forex, specify lot size so distances can be converted to price levels.
Read the stop and target prices
The calculator returns the exact stop loss and take profit price levels.
The formula, step by step
Distance
Price distance = Risk amount ÷ (Lot size × Contract size × FX rate)
Converts a dollar risk into a price distance.
Mistakes traders make
✗ Placing the stop at a round number instead of where the idea fails
✓A stop should go where the trade thesis is proven wrong — beyond a swing or a volatility buffer — not at a psychologically neat price the market ignores.
✗ Moving the stop further away after price goes against you
✓That converts a planned small loss into an unplanned large one. Widen only before entry, never after, and only by shrinking the position.
✗ Assuming the stop guarantees the exact exit price
✓Gaps and fast moves can fill past your stop. Size the position so that even a worse-than-planned fill stays survivable.
When this tool fits — and when it does not
Use it when
- ✓On every trade where you cannot watch the screen continuously.
- ✓When a setup's stop and target can be defined from the chart before entry.
- ✓When you want to compare a trade's risk and reward before committing capital.
Skip it when
- ✗Setting stops so tight that normal noise stops you out on every trade.
- ✗Using a fixed take profit on a momentum trade that should be trailed instead.
- ✗Placing exits without first defining the position size they apply to.
Practical tips that actually help
Anchor the stop to structure, then let size absorb the distance
The chart decides where the stop belongs; the position size decides whether that distance is affordable. Never force a tighter stop just to fit a bigger position.
Predefine the target from the same structure
Use prior resistance, measured moves, or a fixed R multiple. A target with a reason is easier to hold than a number picked at random.
Rehearse the exit before the trade
Knowing both exits in advance removes the two worst decisions — when to cut and when to take profit — from the heat of the moment.
Related & next steps
Frequently asked questions
Why set a stop loss at all?▾
A stop loss caps downside so a single bad trade cannot drain the account, and it removes the need to decide while under stress. The exit is already planned before the trade fills.
Should take profit always be used?▾
Not necessarily — many strategies scale out or trail instead. A fixed target is one option, chosen to suit the strategy.
Where should I place a stop loss?▾
Place it where the trade thesis is proven wrong, not at an arbitrary round number. Common anchors are beyond a recent swing, a support or resistance zone, or a volatility-based distance such as a multiple of ATR.
Why does my stop distance change when I change the risk amount?▾
Because the calculator works back from the dollar risk you set. A larger risk budget allows a wider stop for the same position size; a tighter budget forces the stop closer to entry.
What happens if the market gaps through my stop?▾
A stop is not a guarantee of the exact price. In a fast move or gap, the fill can occur beyond your stop, so the realized loss can be larger than planned — one reason to size positions conservatively.
Do I need both orders on every trade?▾
A stop loss is near-universal for risk control. A take profit depends on your style: fixed-target traders use one, while trend-followers may trail a stop instead and let winners run.
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Exit orders are standard risk-management tools. Prices, distances and conversion rates depend on your broker, so verify against actual trading conditions.
Disclaimer: The tools and content on this site are provided for educational purposes only and do not constitute investment advice. Trading and investing involve a substantial risk of loss, and past performance does not guarantee future results.