Position size calculator
The lot size at which a stop-out costs the amount you chose.
Free risk tools
Which pending order?
A buy below the market is a limit, a buy above it is a stop. Type the price now and the price you want, and get the order to place, how it fills, and a check of your stop and target.
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- Free
- No sign-up
- Nothing you type is stored
Your order
The order to place
An example with typical numbers. Change any box to use your own.
Use a Buy Limit at 3,990.00.
- Why
- You want to buy cheaper than now: the order waits for the price to fall to it, and fills at your price or better.
- Distance
- 10.00 (100.0 pips) below the price now.
- Before you place it
- Brokers keep pending orders a minimum distance from the price (the "stops level" in the symbol's specification), and a buy fills on the ask while the chart shows the bid. Set an expiry if the idea only holds for today.
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.
The four pending orders
| Buy Limit | Below the price now. Buys a dip. |
|---|---|
| Buy Stop | Above the price now. Buys a break higher. |
| Sell Limit | Above the price now. Sells a rally. |
| Sell Stop | Below the price now. Sells a break lower. |
A limit order says "at this price or better", so it never fills worse than the level, but it can be skipped if the price turns just before it. A stop order says "once the price gets here, take me in", so it always fills on a real move, sometimes a little past the level. The stop loss on a trade is itself a stop order, which is why it can slip on a gap.
- The size for the trade once you know the entry and the stop: the position size calculator.
- Two stop orders either side of a range: the range breakout planner.
Not advice. The answer is a rule applied to the prices you type, not a view on any market.
Next tools
Range breakout planner
Buy stop, sell stop, stops and lots for a range break.
Pre-trade check
PASS or BLOCK against your own rules before you click.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.