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Ideal for scalpers and traders who want to get into a trade FAST - just enter the number of pips to your stop, and your correct position size is immediately shown. Your correct position size is calculated by factoring in stop distance, pip value, current equity and your own risk profile.

Want to plan out a pending order? Simply enter the values that you actually see, and behind the scenes, The Calculator will determine whether your entry is on the bid or ask, and give you the correct price for you to place your orders on your broker's platform.

Determine buy and sell setups together or independently – great for strategies such as straddling a channel or a consolidation band breakout trading.

Plan the stop loss and the take profit based on a key technical level you see or a fixed number of pips.

If you use a fixed number of pips for a stop loss or take profit, The Calculator tells you what that value will look like, taking bid and ask into account. If you use a price level to set your stop loss or take profit, The Calculator switches to tell you how many pips away that value is.

Set a buffer value for how many pips beyond a visible entry point you wish to enter. For example, your trading style may be that you want to see price cross a resistance level by 5 pips before entering – simply enter 5 in the drop down menu for your "Pad Between Entry & Key Level" at the top of the tab, then enter the exact price of your resistance level. The Calculator will add or subtract that buffer, add or subtract the spread on the side that needs it, and give you the right price to input into your broker's platform when placing your order. A separate buffer value can be set for a stop loss pad too.

Click to watch the recorded webinar demonstrating the new features of Version TWO of the Calculator, now available.

It's like I have an advanced trader looking over my shoulder

"That video that you made about the use of the calculator in a moving market, with pending orders, is great. It helped me to finally understand some of the questions I still had after watching the original videos. The calculator does its work after getting what I see – and then tells me what to place in the platform – and also tells me what it will look like on the chart. By doing all of the bid and ask math for me, it's like I have an advanced trader looking over my shoulder telling me which numbers I should type into my order form to actually hit my planned stop and target levels. Can't tell you how much I appreciate this." ~ Tom M