Correlated risk check
Which of your open trades are the same bet.
Free risk tools
The professional habit in one form: no trade goes in until it passes a risk check. Type in the trade and your rules. You get PASS or BLOCK, the rule it breaks, and the size that fits.
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An example with typical numbers. Change any box to use your own.
PASS. This buy keeps every rule you typed in. If the stop is hit you lose $90.00.
0.06 lots lose $90.00 at the stop, 0.90% of the account (your rule: 1%).
If it loses, today's loss is $90.00 of the $300.00 you allow.
$90.00 at risk at the same time (0.90% of your 3%).
Trade 1 of the 3 your plan allows today.
2.00 to 1 after commission (your minimum: 1.5).
Save your rules: bookmark that link and your rules and today's numbers are filled in next time; only the trade is left to type.
Loss at the stop includes commission but not spread or slippage; a stop is not guaranteed in a fast market. Contract sizes are the common MetaTrader ones; check your broker's symbol specification.
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.
Most account-ending days are not one bad idea. They are a chain: a loss, a bigger trade to win it back, a stop moved, another loss. Every link in that chain breaks a rule the trader already had. A check you run before the click, while you are still calm, is where the chain is cut.
Trading desks and automated systems work this way: an order that breaks a risk limit is refused before it reaches the market, whoever placed it. This page gives you the same gate for your own rules. Write them once in your trading plan, find a risk per trade your account can live with in the drawdown simulator, and size each trade with the position size calculator.
Not advice: the check knows only what you typed in, not your account or the market. Save the link with your rules filled in, and only the trade changes next time.
Which of your open trades are the same bet.
What a jump past your stop would cost, and the size that fits.
The lot size at which a stop-out costs the amount you chose.
Pricing
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.