Correlated risk check
Which of your open trades are the same bet.
Free risk tools
Risk splitter
One risk budget, several trades. Each trade gets its share, the lot size its own stop allows, and the total stays inside the budget.
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- No sign-up
- Nothing you type is stored
The budget and the trades
The sizes
An example with typical numbers. Change any box to use your own.
All 3 trades together risk $95.00 (0.95%), inside your 1% budget of $100.00. The rest is lost to rounding down to 0.01 lots.
Each trade's share of the budget, its lot size from its own stop, and what it risks after rounding.
| Trade | Lots | Risk |
|---|---|---|
| XAUUSD buy, 0.333% | 0.02 | $30.00 0.30% |
| EURUSD buy, 0.333% | 0.16 | $32.00 0.32% |
| NAS100 buy, 0.333% | 0.33 | $33.00 0.33% |
Trades on the same theme, such as gold and silver or two dollar pairs, can all lose together. Check whether these are one bet.
Spread and commission are not included, and a gap can jump past a stop. Contract sizes are the common MetaTrader ones.
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 one budget, not one risk per trade
Four trades at 1% each is a 4% day if they all go wrong, and on a news morning they often go wrong together. Setting the risk for the whole idea first, then sharing it out, keeps the worst case where you decided it should be, however many trades the setup turns into.
- Whether the trades are really one bet on the dollar, the metals or US stocks: the correlated risk check.
- One trade at a time, with commission and a volatility stop: the position size calculator.
Not advice. The answer is arithmetic on the numbers you type, not a view on any market.
Next tools
Position size calculator
The lot size at which a stop-out costs the amount you chose.
Daily stop tester
What a daily stop saves and what it costs.
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.