Pre-trade check
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Free risk tools
Correlated risk check
Four trades at 1% each can be one trade at 4%. Long gold, long silver and long EURUSD all lose when the dollar rallies. See which of your trades are the same bet before the market shows you.
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Your open trades
What really rides on one move
4 of your trades are one bet on the US dollar. Buy XAUUSD (1%), Buy XAGUSD (0.5%), Buy EURUSD (1%), Sell USDJPY (0.5%) all lose if it rises. Together they risk 3% of the account on that one move.
- If every stop is hit
- 3% of the account, inside your limit of 3%.
- They swing like one trade risking
- About 2.53% at a link of 0.6, against 1.58% if they had nothing in common. The closer the trades move together, the closer a bad day gets to every stop at once.
- US dollar: short
- Buy XAUUSD (1%), Buy XAGUSD (0.5%), Buy EURUSD (1%), Sell USDJPY (0.5%). 3% rides on it.
- Precious metals: long
- Buy XAUUSD (1%), Buy XAGUSD (0.5%). 1.5% rides on it.
- If they were unrelated1.58%
- At your 0.6 link2.53%
- If every stop is hit3%
Shared legs come from the symbols: a buy of XAUUSD is long gold and short the US dollar. How closely two trades move is the link you typed in (0 unrelated, 1 in lockstep), used for every pair that shares a leg; see the market correlations table for recent numbers. Correlations change, and in a panic they rise.
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Why the count of trades misleads
A rule like "1% a trade" protects you only if the trades are separate bets. Gold, silver and most currencies are priced in US dollars, so a buy of XAUUSD, a buy of XAGUSD and a buy of EURUSD are all, in part, a sale of the dollar. On the day the dollar jumps on a US jobs report, all three can reach their stops in the same hour. Three stops at 1% is a 3% day.
The fix is not to avoid related trades but to count them as one: give a shared bet the risk of one trade and split it, or take the best of them. Trades on opposite sides of the same currency partly cancel, which lowers the risk and the profit together.
How to use it
- Before you add a trade, put it here with the ones already open. If it joins a shared bet, size it so the whole bet stays inside one trade's risk: the risk splitter shares one budget across the trades.
- Set your limit for all open trades in the pre-trade check and your trading plan.
- Recent correlations between gold, silver, stocks and currencies are on the market correlations page.
Not advice and not a forecast. The answer is arithmetic on the trades you type in, not a view on any market.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.