EdgeFlo calculates your lot size automatically based on your account balance, risk percentage, and stop loss distance. This article explains how the risk calculator works and how to adjust it when needed.
Manually calculating lot sizes under pressure is where most traders make mistakes. EdgeFlo removes that by calculating the correct position size automatically every time you set a stop loss. You never have to do the maths during a live session.
How It Works
When you open the trade panel and enter a stop loss level, EdgeFlo calculates the lot size instantly based on:
- Your current account balance
- Your Risk per trade percentage (set in Settings or adjusted in the panel)
- The distance in pips between your entry and stop loss
- The pip value for the instrument being traded
The result appears in the Lots field automatically. You also see your risk in dollar terms and the Risk:Reward ratio displayed visually before you confirm the trade.
Setting Your Default Risk
Your default risk per trade is set in Settings > Trading Preferences. This is the percentage that pre-populates every time you open the trade panel. A recommended starting point is 1% per trade.
Adjusting Risk for a Specific Trade
If you want to risk more or less on a particular trade without changing your default setting:
- Open the trade panel by pressing Trade.
- Find the Risk per trade field and click the lock icon to unlock it.
- Edit the percentage for this trade only.
- The lot size updates automatically.
- Press Reset to Default to return to your saved percentage.
Changes made in the panel do not affect your saved default in Settings.
What the Calculator Shows
| Field | What it tells you |
|---|---|
| Lots | The calculated lot size based on your risk settings |
| Risk ($) | Maximum dollar loss if stopped out |
| R:R | Risk to reward ratio based on your stop and take profit levels |
| Reward ($) | Potential gain if take profit is hit |
Frequently Asked Questions
Can I override the calculated lot size and type my own?
Yes. You can manually type a lot size into the Lots field. Editing the lot size manually will update the risk percentage to reflect the actual exposure. The risk calculator adapts both ways.
Does the calculator work for all order types?
Yes. The risk calculator applies to market, limit, and stop orders. Enter your stop loss level and the lot size is calculated regardless of order type.
Why did my lot size change between when I opened the panel and when I placed the order?
The lot size recalculates live as the price moves. If the entry price changes between the moment you set the stop loss and when you confirm, the pip distance and therefore the lot size may adjust slightly.
Related Questions
- How does EdgeFlo calculate lot size automatically?
- Where do I set my risk per trade in EdgeFlo?
- Can I change my risk for a single trade without changing my default?
- What does the R:R figure mean in the trade panel?
- Does the lot size calculator work for limit orders?
- What balance does the risk calculator use?
- How do I override the automatic lot size?
- Why did my lot size change after I set it?
- What happens if I trade without a stop loss?
- How do I set my default risk percentage?
- What is the recommended risk per trade?
- Does the risk calculator update in real time?
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