How do I place a stop a fixed dollar amount away?

Stop distance in ticks = risk dollars ÷ (tick value × contracts); convert to price by multiplying by tick size and subtracting from (long) or adding to (short) the entry.

What is an R multiple?

Target distance expressed in units of your risk: a 2R target is twice the stop distance on the profit side.

Why does the price display more decimals than my platform?

Some contracts quote in fractions (see each spec page's tick note); the decimal shown is exact and converts on your platform.

Stop Loss & Take Profit Calculator

Dollar risk → stop price; R multiple → target price.

Contract

Direction

Entry price

Risk per contract ($)

Target (R multiple)

Contracts

Worked example — long Gold at 2,400.0 risking $200/contract: $200 ÷ $10.00 = 20 ticks = 2 points → stop 2,398, 2R target 2,404.

How the math works

Stop ticks = risk ÷ tick value (floored). Stop price = entry ∓ stop ticks × tick size. Target price = entry ± stop ticks × R × tick size. Prices are exact arithmetic; your platform may round to its display convention.

FAQ

How do I place a stop a fixed dollar amount away?: Stop distance in ticks = risk dollars ÷ (tick value × contracts); convert to price by multiplying by tick size and subtracting from (long) or adding to (short) the entry.
What is an R multiple?: Target distance expressed in units of your risk: a 2R target is twice the stop distance on the profit side.
Why does the price display more decimals than my platform?: Some contracts quote in fractions (see each spec page's tick note); the decimal shown is exact and converts on your platform.

More futures tools

Futures calculator Trading P&L calculator Position size calculator Leverage calculator Tick value calculator Margin calculator Contract specs

Calculators are arithmetic on contract specifications, not advice. Futures trading involves substantial risk of loss. Specs from exchange sources, verified 2026-07-25 — methodology.