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New: prop-firm drawdown rules, explained
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Free calculators and plain guides for position size, pips, margin and risk. Every result shows its formula.
Tools
Position size Pip value Margin Risk / reward Drawdown CompoundingMarkets
EUR/USD Gold IndicesLearn
GuidesHow many lots for a 1% risk with a 25-pip stop?
Working ›
USD
%
pips
USD
2.00standard lots
Amount at risk$500.00
Units200,000
Value per pip$20.00
Lots at each risk level
Same account and stop
Formula: lots = (balance × risk%) ÷ (stop pips × pip value) = (50,000 × 1%) ÷ (25 × 10) = 2.00
Covers the markets you trade
A calmer kind of trading site
Plain English
One idea per guide, from what a pip is to how trailing drawdown moves.
Free, no account
Open a calculator and get the answer. Nothing to sign up for.
Tools
Every calculator, one screen
Inputs on the left, the answer on a blue field, the formula underneath. Same layout on every tool.
Pip value
EUR/USD, USD account
Standard lot$10.00
Mini lot$1.00
Micro lot$0.10
$10.00per pip for 1 standard lot (100,000 × 0.0001)
Formula: pip value = units × pip size, when the quote currency is your account currency.
Margin
EUR/USD at 1.0850, 1:30 leverage
Lots1.00
Notional$108,500
Leverage1:30
$3,616.67required margin
Formula: margin = units × price ÷ leverage = 100,000 × 1.0850 ÷ 30.
Risk / reward
Entry 1.0850, stop 1.0825, target 1.0900
Risk25 pips
Reward50 pips
Ratio1 : 2.0
1 : 2.0the target is twice as far as the stop
Formula: ratio = |target − entry| ÷ |entry − stop|.
Drawdown
$100,000 account, 5% trailing limit
Peak$104,000
Limit$5,000
Floor$99,000
$99,000the lowest balance allowed after the peak
Formula: floor = peak − limit, and the floor never moves down.
All panel figures are worked examples (E), not market data.
Guides
“The floor equals that high minus the drawdown, rises with every new high and never falls back.”
From the guide: How prop firm drawdown rules work
Trailing drawdown
$100,000 account, 5% trailing limit
Indicators
Open-source tools on TradingView
Free indicators with the source code published. Read how each one is calculated before you add it to a chart.
Trial access is on request via TradingView message.
Range Fan, illustrative chartPine v6, open source
PriceProjected range
All indicators
Open one on TradingView, or open its guide to see how it works first. Every card says whether it is free or premium before you click. Not sure which fits? Read the guide to the best TradingView indicators.
Free is open source: add it right away. Premium is invite-only: request a 7-day free trial by message on TradingView.
Free · Open sourceNewVolatility
Market Weather: Volatility Forecast
Volatility forecastShows how stormy the market is and how big the next candles are likely to be. A colored ribbon along the bottom gives the weather (calm, normal, building, storm) and a channel around price widens and tightens with it.
Good for Setting stop distance and position size to current volatility. It forecasts the size of moves, never their direction, and it needs no settings.
Free · Open sourceNewMomentum
Signal Charge
Momentum buy sell signalsShows how close a buy or sell signal is to firing, before it fires. A live gauge beside the last candle marks the exact prices at which the open bar's close would lock a Buy or a Sell.
Good for Watching a signal build tick by tick. Signals lock at bar close and never move; while a bar is open they show as translucent ghost orbs.
Free · Open sourceNewRange
Range Fan
Future price projectionDraws a fan of expected price range ahead of the last closed bar, based on how far price travelled in comparable past windows, scaled to current volatility (ATR).
Good for Sizing stops and targets. It is a range, not a forecast: no directional bias, and a small panel checks how the previous fan performed.
Premium · 7-day trialSentiment
Sentiment Index
An indicator for TradingView that reads the market and shows its sentiment, bullish or bearish, in real time. It also shows when the sentiment weakens and when a shift follows.
Good for Reading whether sentiment is bullish or bearish, and when it weakens or shifts.
Free · Open sourceNewTrend
Phase Corridor
Log regression channel, trend phase and rangeA regression channel fitted to the logarithm of price, so it follows percentage moves. It also classifies the market as trending, drifting or ranging.
Good for Reading the pace of a trend (steady, speeding up, cooling, reversing) and where price sits inside the channel. Fit quality (R-squared) shows how much to trust it.
Free · Open sourceNewTrend
Trend Leg Maturity
ATR ZigZagTracks each trend leg with an ATR-based ZigZag and ranks the current leg's age and size against up to 100 completed legs in the same direction on your own chart.
Good for Judging whether a move is young, mid-life or mature. A four-line panel and a shaded zone show how close price is to confirming the leg over.
Premium · 7-day trialLevels
Levels and Zones
An indicator for TradingView that automatically identifies support and resistance levels and the bullish and bearish zones that go with them. It keeps highlighting the levels and zones as the market moves.
Good for Seeing support and resistance levels and their zones drawn on the chart automatically.
Free · Open sourceNewLevels
Support & Resistance Zones
Buy and sell areasTurns recent swing highs and lows into clean ATR-sized zones instead of thin lines, and keeps a running record of what happens to each one.
Good for Seeing which levels are active. Each zone has an activity tier, and a permanent Broken status once price closes through it.
Premium · 7-day trialMomentum
RSI Exhaustion
An alternative to the standard RSI for TradingView. It identifies and highlights hidden exhaustion levels, including when the RSI is neither overbought nor oversold, and it can help confirm extreme overbought or oversold readings.
Good for Reading RSI exhaustion levels, also when the RSI is neither overbought nor oversold.
Premium · 7-day trialBreakouts
Breakout Pivotal Bars
An indicator for TradingView that identifies breakouts of key hidden levels by reading price action and colouring the bars in real time.
Good for Seeing breakouts of key levels marked directly on the bars.
Premium · 7-day trialReversals
Bottoms Tops Signal
A signal indicator for TradingView that marks potential market bottoms and tops. It shows a graphical mark on the chart when it detects a new market extreme, so a position can be considered or reviewed.
Good for Reviewing possible market extremes on a chart, together with your own analysis.
Premium · 7-day trialSignals
Advanced Signal Bars
A trading indicator for TradingView that shows buy and sell signals directly on the chart, together with support and resistance levels that can be used to review where to exit a position.
Good for Seeing signals and levels together on one chart, to read alongside your own analysis.
Questions
Yes. Every calculator and guide is free to use, with nothing to install.
No. Open a tool and type your numbers.
The pip value is found in the quote currency, then converted to your account currency at the current rate. The formula is shown under each result.
On TradingView, where the source code is published with each script.
Yes. All indicators live on TradingView, and you add them to your charts there.
Yes. The calculators and simulators are free, need no signup and run entirely in your browser, so your numbers never leave your device.
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Every calculator and guide, grouped by the question it answers. All of them are free and run in your browser.
Size a trade
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Prop firm challenges
Guides
- How much should you risk per trade?
- How to calculate position size
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- What is a pip and how do you calculate pip value?
- How to use Fibonacci retracement
- Should you average down on a losing trade?
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- How to keep a trading log
- How prop firm drawdown rules work
- How much to risk per trade in a prop firm challenge
- The math behind a prop firm challenge pass rate
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