Luxabit
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For forex & gold traders

Small moves, big positions. Keep the risk your own.

In forex, gold and oil, a few pips decide your result and a wrong lot size multiplies your risk. Luxabit works out your size in lots and pips, checks every idea against your own trading hours and rules, and imports your trades from cTrader or MetaTrader 5.

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Position size calculator

Common default; check your broker's.

Amount at risk
—
Position size (lots)
—
Units
—
Stop distance (pips)
30

Calculator on your own inputs. Not advice. Your account size stays in this browser and the coach never sees it.

Try it: this is the calculator from the app, and it works right here.

Where it goes wrong

  • 01Lots by feelConverting risk into lots, with pip values in another currency, is easy to get wrong under pressure.
  • 02Trading every sessionLondon, New York, Asia: there is always a session open, and always a reason for one more trade.
  • 03Trading the newsA rule like “no trades before major news” only works if you still see it when the setup appears.

How Luxabit helps

  1. Position size calculator

    In every plan

    Your position size in units and lots, and your stop in pips, for forex pairs, gold, silver and oil. When the price is in another currency than your account, it converts it or asks you for the rate.

    Position size calculator: read more →

  2. Trading plan

    In every plan

    Your trading hours in your own timezone and up to 10 rules of your own, such as your news rule, on every idea.

    Trading plan: read more →

  3. Trading journal

    In every plan

    Trade on cTrader? On Trader and Pro connect it with read-only access and your trades come into your journal by themselves. Or import a MetaTrader 5 report or a cTrader export, with sizes in lots turned into units, on every plan.

    Trading journal: read more →

  4. Pre-trade check

    In every plan

    Before you enter: your risk, R:R after estimated costs, today's trades and losses, and your own rules to tick off.

    Pre-trade check: read more →

Questions

Read more in the knowledge base

Does Luxabit connect to MetaTrader, cTrader or my broker?

Luxabit never places trades. On Trader and Pro you can connect cTrader by logging in there with read-only access: Luxabit then reads your trades and can't trade. MetaTrader has no such link: import your history from a MetaTrader 5 report, as a file, on every plan.

Which instruments does the calculator know?

Every forex pair, gold, silver, platinum, palladium, the main index CFDs and oil, each with the usual contract size per lot. Brokers differ, so you can always type over the contract size.

Does Luxabit tell me which pairs to trade?

No. Luxabit gives no signals, levels or forecasts. It checks your own idea against your own plan.

Luxabit for other traders

Luxabit is an educational tool. It gives no investment advice, signals, price levels or recommended strategies, and is not licensed by the AFM. Trading carries a high risk of loss.

Your rules. Every part of your trading day.

Create a free account, write down your plan and check your next idea before you enter.

Start for free →