Learn Best Lot Size for Gold Trading (XAUUSD)

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https://www.tradingview.com/x/hZlzMQa2/

If you trade Gold with fix lot, I prepared for you a simple manual how to calculate the best lot size for your XAUUSD trading account.

Step 1

Find at least the last 10 trades that you took on Gold.



Step 2

Measure stop losses of all these trades in pips



Step 3

Find the trade with the biggest stop loss



In our example, the biggest stop loss is 680 pips

Step 4

Open position size calculator for XAUUSD



Step 5

Input your account size, 1,5% as the risk ratio.

In "stop loss in pips" field, write down the pip value of your biggest stop loss - 680 pips in our example.

Press, calculate.



For our example, the best lot size for Gold will be 0.22.

The idea is that your maximum loss should not exceed 1,5% of your account balance, while the average loss will be around 1%.

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