Free tools
Every calculator from both books, free to use. Arithmetic, not forecasts.
Pip distance
Counts the pips between two EUR/USD prices.
Example: 1.1200 to 1.1225 = 25 pips.
Pip distance
Risk note: Counting pips does not tell you where price will go.
Stop and target from the fill
30-pip stop and 50-pip target from the actual fill (Book 1).
Example: Buy fill 1.1203 → stop 1.1173, target 1.1253.
Stop and target from the actual fill
Risk note: A stop is an exit instruction, not a guaranteed price.
Position size (30-pip stop)
Lots from a 0.25% risk ceiling, rounded down.
Example: $2,000 → $5 budget → 0.01 lot, planned loss $3.20.
Position size (0.25% risk ceiling)
Risk note: Gaps and slippage can exceed a careful budget.
Position size (any stop)
Set equity, risk, stop, pip value and cost allowance.
Example: $5,000, 46 pips + 2 → 0.02 lots, $9.60.
Size from the stop distance
Risk note: If the minimum lot is too big, the size is zero.
Break-even win rate
The win rate needed to break even after costs.
Example: 50/30 pips gross → 37.5%; with 2-pip cost → 40%.
Break-even win rate
Risk note: A low break-even rate does not mean you will exceed it.
Expectancy
Average result per trade at a hypothetical win rate.
Example: 45% with 2-pip cost → +4 pips per trade.
Expectancy per trade
Risk note: The win rate here is your assumption, not a measured result.
Break-even and expectancy (1R)
For equal-size targets and stops after costs.
Example: +44 / −48 → break-even 52.17%.
Does the arithmetic add up?
Risk note: Constructed numbers say nothing about real results.
Inside-bar checker
Tests the strict inside-bar rule.
Example: Mother 1.1230/1.1150, inside 1.1215/1.1175 → valid, 40 pips.
Is it a valid inside bar?
Risk note: A valid pattern does not prove a breakout will follow.
Order calculator
Both entries, stops and 1R targets from the inside bar.
Example: Buy 1.1218 / stop 1.1172 / target 1.1264.
Plan both directions
Risk note: Fills can differ from planned entries.
Equity-curve simulator
100 random trades from your assumptions.
Example: 50% wins, 1R, 0.25% risk.
100 random trades from $10,000
Simulation for learning, not a prediction. Even a good plan has long losing streaks.
Risk note: Simulation for learning, not a prediction.
Risk notice. Forex trading carries a high risk of loss. Most retail traders lose money. Leverage can make losses larger than your deposit in some markets. Stop orders can fill beyond their requested price. This site is education, not financial advice. Practise on a demo account first and check any broker's registration with your local regulator.