Profitcalculator
Check your potential profit or loss before placing a trade. This simple yet versatile tool will help you plan smarter and manage risk better.
Check your potential profit or loss before placing a trade. This simple yet versatile tool will help you plan smarter and manage risk better.
Profit
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Gross profit
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Choose the platform you trade on: MetaTrader 4, MetaTrader 5, or Elev8Trader.
Enter your trade details: symbol, volume, duration, and price levels. Choose whether you want to make a buy or sell order.
Press Calculate to view your result. You can also find the same calculator inside Elev8Trader—right where you trade.
Enter the details of your order, choose the open price, and start calculating various outcomes by changing the close price level. Choose the levels resulting in profits and losses you are comfortable with.
Example: how to choose the take-profit level
For instance, you want to buy 8 lots of GBPUSD. The current price of this pair is 1,27140, and you expect it to rise. You set the matching trading volume and open price, and start calculating potential profit for various close price values. For the close price of 1,27165, the expected profit is 200 USD, while the close price of 1,27180 results in 320 USD. Extra 120 USD seems significant, but since you are not sure the price will hit 1,27180, you choose 1,27165 as your take-profit level to increase the chances of a profitable order. In the same way, you can also use the calculator to determine the stop-loss level.
What is stop loss?
A stop-loss order allows traders to limit the loss on a position. It automatically closes when the price reaches a certain non-favourable level you can set in advance. You can use the calculator to manually choose the stop-loss level for your order.
What is take profit?
A take-profit order allows traders to ensure the profit on a position. It automatically closes when the price reaches a certain favourable level you can set in advance. You can use the calculator to choose the take-profit level for your order manually.