Gold Lot Size Calculator
Definitions
- Gold Lot Size (GLS): The number of ounces of gold to trade based on the total risk and stop loss value.
- Total Risk (R): The total amount of money at risk in the trade.
- Stop Loss Value (SL): The predetermined amount of money that can be lost before the trade is closed.
Example
Let's say the total risk is $1000 and the stop loss value is $50. Using the formula:
\[
GLS = \frac{1000}{50}
\]
We get:
\[
GLS = 20
\]
So, the Gold Lot Size (\( GLS \)) is 20 ounces.
Extended information about "Gold-Lot-Size-Calculator"
Lot Size Calculator Forex Gold
Definition: The lot size in forex trading for gold determines the amount of gold being traded.
Formula: \( \text{Lot Size} = \frac{\text{Trade Volume}}{\text{Contract Size}} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Trade Volume} \): Total trade volume (units)
- \( \text{Contract Size} \): Standard contract size (units)
Example: \( \text{Lot Size} = \frac{100000}{100} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Trade Volume} \): 100,000 units
- \( \text{Contract Size} \): 100 units
Gold Option Lot Size
Definition: The lot size for gold options specifies the quantity of gold covered by the option contract.
Formula: \( \text{Lot Size} = \frac{\text{Option Volume}}{\text{Contract Size}} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Option Volume} \): Total option volume (units)
- \( \text{Contract Size} \): Standard contract size (units)
Example: \( \text{Lot Size} = \frac{50000}{100} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Option Volume} \): 50,000 units
- \( \text{Contract Size} \): 100 units
Gold Future Lot Size
Definition: The lot size for gold futures indicates the amount of gold in a futures contract.
Formula: \( \text{Lot Size} = \frac{\text{Future Volume}}{\text{Contract Size}} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Future Volume} \): Total future volume (units)
- \( \text{Contract Size} \): Standard contract size (units)
Example: \( \text{Lot Size} = \frac{200000}{100} \)
- \( \text{Lot Size} \): Number of lots
- \( \text{Future Volume} \): 200,000 units
- \( \text{Contract Size} \): 100 units
Gold Size to Weight Calculator
Definition: The gold size to weight calculator helps determine the weight of gold based on its size.
Formula: \( \text{Weight} = \text{Size} \times \text{Density} \)
- \( \text{Weight} \): Weight of gold (grams)
- \( \text{Size} \): Size of gold (cm³)
- \( \text{Density} \): Density of gold (g/cm³)
Example: \( \text{Weight} = 10 \times 19.32 \)
- \( \text{Weight} \): Weight of gold (grams)
- \( \text{Size} \): 10 cm³
- \( \text{Density} \): 19.32 g/cm³
7Search Calculator© - All Rights Reserved 2024
