Free gold trading tool

XAUUSD Lot Size Calculator

Enter your balance, your risk and your stop-loss. Get the exact gold lot size in seconds, with the risk, the target and the margin to check before you click Buy or Sell.

  • Free, no sign-up
  • Runs in your browser
  • Formula explained below
  • Checked against a real prop firm trade
Calculate my lot size

XAUUSD Lot Size Calculator

The price gap between entry and stop-loss, not the money you risk. Entry 2650.00 and stop 2640.00 = $10.
2 means your target is twice your stop-loss.
Broker settings (optional)

Estimates only. Spread, commission, slippage and your broker’s contract size can change the real result. See the methodology and the risk disclaimer. Nothing you type is sent to our servers.

How it works

The math behind the lot size

Gold moves in dollars, and most brokers define 1 lot as 100 ounces. That makes the math simple, and easy to check by hand.

The formula

Risk amount = Balance × Risk %
Lot size    = Risk amount ÷ (Stop-loss in $ × 100)

The result is rounded down to your lot step, so your real risk never goes above the amount you chose.

Worked example

$10,000 account, 1% risk, entry 2650.00, stop-loss 2640.00.

Risk amount = $10,000 × 1% = $100
Stop-loss   = 2650 − 2640   = $10
Lot size    = 100 ÷ (10 × 100) = 0.10 lot

If the stop is hit you lose about $100. With a 1:2 target, you make about $200.

What a $1 move is worth

Lot sizeOuncesPer $1 move$10 stop risks
1.00100 oz$100$1,000
0.1010 oz$10$100
0.011 oz$1$10

Brokers do not agree on what a “pip” is in gold. That is why the calculator works with the dollar distance and shows pips only as a reference. Read the full methodology.

Related tools: see what a pip, a point and a tick are worth on gold with the XAUUSD Pip / Point / Tick Value Calculator, size a trade on forex pairs or in another account currency with the Position Size Calculator, or check what one pip is worth on 18 pairs with the Pip Value Calculator.

Use it right

Three mistakes that break a lot size

01

Typing the risk instead of the distance

The stop-loss field is the price gap between entry and stop, for example $18.61. It is not the money you want to risk. Mix them up and the lot size collapses.

02

Trusting the wrong contract size

Most brokers use 100 oz per lot, a few do not. Check your platform’s contract specification and update Broker settings if it differs.

03

Forgetting spread and minimum lot

Spread widens your real stop. And if the result is below your broker’s minimum lot, the smallest trade already risks more than you planned.

From the same author

Tired of typing numbers before every trade?

The calculator is perfect for planning. But when price is moving, you do not want to switch tabs. Lot Architect brings the same formula onto your MetaTrader chart.

  • Set entry, stop-loss and take-profit, and see them as lines on your chart
  • Choose how you size the trade: Risk %, Risk USD or fixed Lots
  • Live readout of position size, margin, risk and reward with the risk-to-reward ratio
  • Long or Short, with Market, Limit and Stop orders from one panel
  • The order button shows the exact lot before you send it
  • Hide or show the chart lines with one key (H)

Lot Architect is my own product, sold on the MQL5 Market. If you buy it, I earn money. The free calculator stays free either way.

Lot Architect trading panel on an XAUUSD chart showing entry, stop-loss and take-profit lines with the calculated lot size, risk and reward
Lot Architect: lot size, margin, risk, reward and R:R at a glance.
Same math, no surprises. On a $101,488 account with 0.5% risk and a stop-loss of $18.61, both this calculator and Lot Architect give 0.27 lot, a risk of $502.47 and a margin of $4,521.45 at 1:25 leverage.
FAQ

Frequently asked questions

What lot size should I use for gold?
It depends on your risk and your stop-loss, not on a fixed number. Lot size = risk amount ÷ (stop-loss distance in dollars × contract size). With a $10,000 account, 1% risk and a $10 stop, the answer is 0.10 lot.
How much is 0.01 lot of gold worth per $1 move?
On most brokers 1 lot of XAUUSD is 100 ounces, so 0.01 lot is 1 ounce. A $1 move in gold is worth about $1 on 0.01 lot, $10 on 0.10 lot and $100 on 1.00 lot.
Why does the calculator show a very small lot size?
A wide stop-loss needs a small lot to keep the risk fixed. Also check that you typed the price distance between entry and stop-loss, not the amount of money you want to risk.
Is 1 lot of gold always 100 ounces?
Most brokers use 100 ounces, but not all of them. Check the contract specification in your trading platform and change it in Broker settings.
Does the calculator include spread and commission?
No. Add your spread to the stop-loss distance if you want to count it. Real results can also differ because of slippage and your broker’s rounding rules.
Is the calculator really free?
Yes. It is free, needs no sign-up, and runs in your browser. Nothing you type is sent to our servers.
What is Lot Architect?
Lot Architect is my trading panel for MetaTrader. You set entry, stop-loss and take-profit on your chart, choose your risk, and it shows the lot size, margin, risk, reward and risk-to-reward before you place the order. It is sold on the MQL5 Market for MT4 and MT5.
Which platforms does Lot Architect support?
MetaTrader 5 and MetaTrader 4. Each version has its own product page on the MQL5 Market, linked on this page.
Trade with a plan

Size every gold trade in seconds, right on your chart

Plan with the free calculator. Execute with Lot Architect on MT5 or MT4.

Sold on the MQL5 Market. See the disclosure for how this site earns money. Trading is risky and not financial advice: read the risk disclaimer.