Profit Target Calculator

How it works

What this calculates

This tool reverses the usual profit calculation. Instead of starting with a lot size and asking how much a target pays, it starts with the money target and solves for the missing input: lot size, pip distance or target price.

The formula

First calculate pip value per standard lot in the account currency using the same pip-value engine as the Pip Value Calculator.

lots = target profit ÷ (target pips × pip value per lot)

If you enter an entry and target price, the calculator first turns the price distance into pips: target pips = abs(target - entry) ÷ pip size. If you enter lots instead, it solves needed pips = target profit ÷ (lots × pip value per lot) and then target price = entry + direction × needed pips × pip size.

Worked example 1 - target to lots

A trader models a $500 profit target on EUR/USD with a 50-pip take-profit. One standard lot is worth $10 per pip, so 500 / (50 × 10) = 1.0 standard lot. With a 0.01 lot step, the rounded size is still 1.00 lot and the modeled profit remains $500.

Worked example 2 - lots to target price

With a $500 profit target, 1.0 lot, a $10 pip value and a long entry at 1.2000, the trade needs 500 / (1 × 10) = 50 pips. EUR/USD uses a 0.0001 pip size, so the target price is 1.2000 + 50 × 0.0001 = 1.2050.

Common mistakes

• Skipping account-currency conversion. On cross pairs, using the quote-currency pip value can move the answer by roughly 1.2x to 1.5x when the account currency differs.
• Forgetting lot-step rounding. Reverse sizing produces arbitrary decimal lots. The rounded lot size can miss the exact target, so this calculator recalculates the actual profit after rounding down.
• Using the wrong pip size. JPY-quoted pairs use 0.01, while most other forex pairs use 0.0001.