Free Prop Firm Trading Tools & Calculators
Stop guessing your lot sizes and risk exposure. Use our professional calculators to protect your capital and adhere to strict prop firm evaluation limits.
Position Size Calculator
Calculate the exact lot sizes to trade based on your account balance, stop-loss size in pips, and risk tolerance. Supports Forex and Gold.
Risk Calculator
Reverse-engineer your risk parameters. Input your lot size and stop-loss in pips to find your total dollar and percentage risk.
Drawdown Calculator
Monitor your safety margins. Input your current equity and start-of-day balances to calculate remaining daily and max loss boundaries.
Evaluation Tracker
Track your funded challenge progress. Check profit targets, average daily gains required, and rule adherence metrics.
Google Sheets Trading Journal
Download our free spreadsheet journal template. Pre-configured with automatic risk formulas, mistake trackers, session models, and consistency percentage score calculations.
Tools FAQ
Got technical questions about our calculators?
Are these calculators broker-neutral?
Yes. All our calculators (position size, risk, drawdown) use standard spot/futures market mathematical formulas, making them compatible with any MT4, MT5, or TradingView broker.
How does the pip value calculate for Gold?
Our calculators default to standard instrument specifications. For Gold (XAU/USD), 1 lot = 100 ounces, meaning a $0.10 price movement (1 pip/point) is equal to $10 risk per lot. EUR/USD and GBP/USD use standard $10 per lot values.
Is the dynamic drawdown calculator compatible with FTMO rules?
Yes. It allows you to toggle daily drawdown limits to monitor midnight reset levels as well as trailing limits, matching the rules of FTMO, FundingPips, and other major firms.
Pass with Structured Systems
Study the TradeGuardian Framework and load the visual chart markups to complete your trading setup.