Profit calculator

The Elev8 Forex profit calculator is a risk management tool to improve your trading of currency pairs and other assets. Calculate potential profits and losses of your orders and trade financial markets more confidently.

Ready to put your calculations to the test? Practice risk-free with simulated funds or start trading with real money.

Order details for the Elev8 Forex profit calculator

• Symbol is the trading asset you are planning to Buy or Sell. Pick from currency pairs, stocks, indices, commodities, and digital assets.


• Account currency is the deposit currency of your trading account. You can see it in the Current Funds section on your dashboard or on the main screen in the Elev8 trading app.


• Period in days is the number of days you plan to keep your order open. We do not charge swap fees for holding orders open overnight on any of our platforms, so this field is for your better understanding.


• Volume, lots is the volume of one order measured in standard lots. One lot is 100,000 units of the base currency. Mini lot equals 0.1 standard lots and constitutes 10,000 units of the base currency. Micro lot equals 0.01 lots and constitutes 1,000 units of the base currency.


• Direction is whether you plan to execute a Buy or Sell order. A Buy order is when you go long because of the rising quotes, and a Sell order is when you go short because of the falling quotes.


• Open price is the price you plan to open your order at.


• Close price is the price you plan to close your order at.

How to use the calculator in margin trading

To determine the expected profit amount for a planned order, select the tab with the preferred trading platform: MetaTrader 5 or Elev8Trader. Choose the currency pair you want to trade and your account's currency. Then, choose the period in days you plan to keep the order open and the trade volume in lots. Choose whether you plan a Buy or Sell order and specify its open and close price. Finally, press the Calculate button. You will see the calculated profit or loss based on provided order details. Try changing your order's trading volume and the open and close prices to determine the most profitable conditions.

The calculator can help you make well-considered profitable trades, keep your balance in check, and increase your profits in the future. You can also use our traders' tools to make more informed decisions based on the current market situation.

How to determine the Stop Loss and Take Profit levels with the calculator

You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine 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 seem 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. Using a Stop Loss order protects your funds from the worst-case scenario. 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. Using a Take Profit order allows you to take the expected profit before the price moves in the opposite direction. You can use the calculator to choose the Take Profit level for your order manually.

How to calculate pip value

A pip is the smallest unit of price change in Forex. Its amount varies for different trading instruments:

• for 5-digit currency pairs—the 4th decimal (0.0001)


• for 3-digit currency pairs and XAGUSD—the 2nd decimal (0.01)


• for XAUUSD, XBRUSD, XTIUSD—the 1st decimal (0.1)


• for indices (exсept JPN225)—the 1st decimal (0.1)


• for JPN225—the 4th decimal (0.0001).

Example: how to use pip value

Let us say you want to buy a standard lot of EURUSD, and the price is currently at the 1.0762 level. The calculated pip value of this trade is 10 USD. That means that if the price falls to 1.0761 (one pip down), you will lose 10 USD. And if it grows to 1.0772 (10 pips up), you will make 100 USD.