Question 1

What is StopLossFX?

Accepted Answer

StopLossFX is a free position size calculator and trading journal for Forex, Futures, and Metals traders. It calculates your lot or contract size based on your account size, risk percentage, and stop loss distance, and logs trades directly to Google Sheets.

Question 2

How does the position size calculator work?

Accepted Answer

Enter your account size, risk percentage, and stop loss distance. The calculator computes your risk amount (Account × Risk %) then divides it by the stop loss value (Stop loss × Pip or contract value) to give you the exact position size in lots or contracts.

Question 3

Which instruments are supported?

Accepted Answer

StopLossFX supports major Forex pairs (EURUSD, GBPUSD, USDJPY…), Futures contracts (ES, NQ, MES, MNQ, YM, MYM, RTY, M2K…), and Metals (XAUUSD, XAGUSD). Pip and contract values are pre-loaded for all instruments.

Question 4

How does the trading journal work?

Accepted Answer

Connect Google Drive when prompted. After calculating your position, fill in your trade details (order type, Risk/Reward, notes, chart screenshots) and click Log to Journal. The trade is appended as a new row in your Google Sheets file automatically.

Question 5

Is StopLossFX free?

Accepted Answer

Yes, StopLossFX is completely free to use. Your data is stored locally on your device and can be backed up to Google Drive. No subscription is required.

Question 6

Does StopLossFX work for prop firm or funded traders?

Accepted Answer

Yes. StopLossFX is particularly useful for funded traders who need to respect strict risk management rules. Enter your funded account size and maximum daily risk percentage to instantly calculate the correct position size for each trade.

ICT