Profit & Loss Calculator
Calculate exact profit or loss on any trade. Forex, crypto, stocks, commodities or indices. With cross-currency conversion, commission, swap, and spread costs all baked in. Type entry + exit prices and lot size, hit Calculate, and the tool returns net P&L, R-multiple, return on notional, and pip change in one panel.
Gross P&L vs net P&L: where commission, spread and swap hide
Pick the instrument type (forex, crypto, stocks, commodities, indices), search the symbol, choose Buy or Sell, type lot size + entry and exit prices, and hit Calculate. The six panels below appear. Net P&L hero, pip and price change breakdown, advanced costs (commission/swap/spread), compare scenarios, journal quick-save, and AI trade review.
1. Net P&L result : the bottom line in your account currency
The top of the results panel surfaces the four numbers that matter for every trade: Net P&L (gross result minus all costs, in your account currency) is the hero number, colour-coded green for profit / red for loss. Gross P&L shows the raw price-movement result before any deductions. Total Costs sums commission + swap + spread. The silent drag on every trade. R-multiple divides net P&L by your initial risk so you can see at a glance whether the trade hit 1R, 2R, or hit its stop. JPY pairs use 0.01 pip math automatically; cross-currency conversion is triangulated through the live cross-rate so the answer lands in your real account currency.
Net P&L Result
EUR/USD · 14d
EUR/USD typically moves 50 pips a day. That’s $500 of P&L per standard lot. Size stops accordingly.
2. Compare scenarios : what-if exits side-by-side
Run the same trade against three different exit scenarios in one screen. E.g. “what if I take profit at +20 pips vs +50 pips vs let it ride to +100?” The calculator shows net P&L, R-multiple, and percentage of account for each, side-by-side. Great for plan-vs-actual reviews and for sizing decisions before you take the trade. CleaRank Pro unlocks the comparison view; free users see a single result at a time.
3. Pip change + return on notional : how the math added up
Below the headline P&L, the calculator shows the full breakdown: pip change (price delta in pips/points), dollar change per unit, return on notional (P&L as % of position value), and the live pip value used in the calculation. For non-USD account currencies, the embed shows the triangular cross-rate conversion path explicitly. E.g. “USD/JPY profit converted to EUR via EUR/USD: 1,200 JPY ÷ 150 = $8.00 ÷ 1.085 = €7.37”. No more silent rounding errors when the broker statement doesn’t match your spreadsheet.
SAFE · 1.0%
1 lot · 1.0850
4. Advanced costs : commission, swap, spread folded in
Gross P&L only tells you the price-movement result. The real number is net. What hits your account after costs. The Advanced Costs section lets you add commission (per-lot broker fee), swap/rollover (overnight financing), and spread (pips paid at entry). Each cost is subtracted from gross to give your true net P&L. The cost cards make it visible how much a 1-pip spread on a 20-pip trade eats out of the upside (5%). The kind of thing scalpers learn the hard way.
5. Trade journal quick-save : one click to log the trade
Every result is one click away from being logged to your CleaRank Trade Journal. Instrument, direction, size, entry, exit, costs, net P&L, R-multiple, tags, screenshot all auto-populated from the calculator state. No more manual re-entry, no more spreadsheets that fall out of sync. CleaRank Pro unlocks the quick-save button + journal sync; free users can still calculate but log manually.
5 saved
· GBP/JPY swing · 0.5 lot · 40 pip stop · $133 risk
· XAU/USD intraday · 0.2 lot · 200 pip stop · $40 risk
· USD/CAD swing · 0.3 lot · 30 pip stop · $23 risk
· AUD/USD scalp · 0.1 lot · 15 pip stop · $15 risk
+ new
AI Trade Review · Verdict: Good Trade · Above Avg
Your EUR/USD Buy 1.0L closed +$483 net (+2.42R). Entry timing was strong. ATR was rising and you caught the impulse leg. Cost drag was modest: $17 of $500 gross = 3.4%. In line with ECN broker pricing. Watch for cluster: this is your 3rd EUR/USD long this week. Concentration risk if all three correlate.
20-pip stop is inside the 22-pip 4H ATR. Won’t get knocked out by intraday noise. Wider than the 9-pip 1H ATR.
$200 risk = 2.0% of equity. 10 consecutive losses would draw the account down 18%. Survivable but uncomfortable.
6. AI Trade Review : was this a good trade?
CleaRank Financial AI reads your full pip setup. Pair, account currency, size, balance, stop distance, and live ATR, and returns a verdict (Good Trade · Above Avg / Over-Sized / Tight-Stop / Wide-Stop) with the reasoning written the way a desk head would talk it through. It flags whether your stop distance fits the pair’s typical 4H range, whether your dollar risk respects the 2% rule, and gives a pro tip on what to adjust. Particularly useful when the calculator says “$10/pip on 1 lot” and your inner gambler whispers “size up”. The AI tells you, in writing, what the math says about that idea before you click buy.
R-multiple: the metric that compares 1-pip scalps to 200-pip swings fairly
Post-trade reviewers, gold swing traders, USD-base retail accounts, or prop-firm challengers measuring everything in $ risk per trade. The pip-to-dollar math is the same idea but the conversions differ. Pick the workflow that matches yours.
Post-trade reviewers
USD/JPY and GBP/JPY use a 0.01 pip instead of 0.0001. Get this wrong and your dollar-per-pip is off by 100×. The calculator gets it right every time.
Pre-trade sizers
Trade gold from a GBP account, or USD/JPY from a EUR account? The calculator triangulates through live cross-rates so your P&L lands in your real account currency, not the quote currency.
Multi-currency accounts
XAU/USD pips and oil ticks need their own contract-spec lookup. The calculator handles per-instrument pip conventions so $/pip is always accurate.
Cost-aware scalpers
Funded accounts measure everything in $ risk per trade. Converting pip distance to exact dollar risk on the first try is the difference between passing and busting the daily cap.
P&L math across five asset classes: forex, crypto, stocks, indices, commodities
Your broker shows you P&L in the quote currency (or worse, in pips), without the cost breakdown and without R-multiple. That makes it hard to compare a 50-pip EUR/USD win to a 200-point gold win to a 0.5 BTC move. They look incomparable. This calculator normalizes everything: type the trade, get net P&L in your real account currency, with gross, costs, R, and return on notional all on one screen. Works for forex (with proper JPY 0.01 pip math + triangular cross-rate), stocks, crypto, gold, oil, and indices. Free, no login, works on any setup before or after you take the trade.
It’s the same P&L engine that runs inside the CleaRank trading workbench used by paying customers. Exposed here for free, no signup. CleaRank Pro adds Compare Scenarios (3 exits side-by-side), one-click Trade Journal save, and persistent Save/Load Scenario across symbols. Ultra adds AI Trade Review. A AI-grounded plain-English verdict on trade quality, cost impact, pattern recognition vs your journal, and the obvious next-trade correction.
Compounding vs fixed sizing: how account curves diverge over 100 trades
Gross P&L is the raw price-movement result. (close − open) × size × pip value, with the sign flipped for sell trades. Net P&L is gross minus all costs: commission (per-lot broker fee), swap or rollover (overnight financing), and spread (the bid-ask cost you paid at entry). R-multiple normalizes the result against your initial risk: a $300 win on a $150 stop is +2R; a $150 loss on the same stop is −1R. R lets you compare trades across symbols, sizes, and time-frames in a single language. The only language that matters for evaluating an edge.
“Pip value is the bridge between the chart and your account balance. Most traders pretend the bridge is solid, and most of them are wrong about how wide it is. The math takes 30 seconds; the surprise lasts a year.”
The P&L formula, in plain English
For a BUY trade: Gross P&L = (close − open) × trade_size × pip_value ÷ pip_size. For a SELL trade, flip the sign. Trade size is units (lots × contract size). Pip value is dollars per pip for the pair on your account currency. Net P&L = Gross − (commission + swap + spread_cost).
Example: EUR/USD Buy 1 lot, Open 1.0800, Close 1.0850. Pip change = (1.0850 − 1.0800) ÷ 0.0001 = 50 pips. Gross = 50 × 100,000 × 0.0001 = $500. Costs: $7 commission + 1 pip spread ($10) = $17. Net P&L = $483. R-multiple at $200 risk = 2.42R.
EUR/USD on USD account = $10/pip (no conversion). USD/JPY on USD account at 150 = $6.67/pip. Cross pairs need a triangular conversion.
Worked example : P&L across 4 instrument types
Same calculator, four asset classes. Each card shows the trade in/out, the formula applied, and the resulting net P&L in USD. Note how the math adapts: forex uses pip value, JPY uses 0.01 pip size, stocks use price × shares, crypto uses price × coins. All on one tool.
Notice that the same Buy-then-Sell pattern produces wildly different absolute P&Ls across asset classes. $483 on forex vs $550 on a 100-share AAPL move vs $1,500 on half a BTC. The R-multiple normalizes them. Always size in R; compare wins/losses in R; tell the story of your edge in R.
Pip value by instrument : quick reference (1 standard lot, USD account)
What 1 pip is worth across the major instruments on a USD account at 1 standard lot. JPY pairs use 0.01 pip size; cross pairs (no USD in the pair) triangulate via the cross-rate; metals and oil use their per-contract spec; stocks use price × share count. Plug any of these into the calculator and the P&L shows up in dollars within 50ms.
Values assume 1 standard lot (100,000 units) on a USD account. Mini lots = 10% of these, Micro = 1%. Non-USD accounts triangulate live via the calculator above.
Five P&L mistakes this calculator stops you making
Every trader has made these. The expensive ones make them every week and only spot the bleed when the equity curve doesn’t match the journal.
Assuming $10 per pip everywhere
“$10 per pip” only holds for EUR/USD-style pairs on a USD account. USD/JPY is $6.67. EUR/GBP from a USD account is ~$13. Use the wrong pip value and your stop-loss is calibrated to the wrong dollar risk on every trade.
Forgetting JPY pip is 0.01, not 0.0001
USD/JPY moves from 150.00 to 150.01 = 1 pip, not 100 pips. Misread the decimal and your “10-pip stop” is actually 1,000 pips wide. Meaning the trade is essentially un-stoppable until margin runs out.
Ignoring the cross-rate on non-USD pairs
EUR/GBP, AUD/NZD, GBP/JPY. None of these has USD in them, so a USD account needs a triangular conversion to get the real $/pip. Eyeballing it is off by 5–15%. The calculator pulls the live cross every refresh.
Mixing up lots and units
Skipping the triangular cross-rate conversion. A USD/JPY profit on a EUR account requires JPY → USD → EUR. Two steps, not one. Manual math that does only the first step is 5-15% off on volatile days. The calculator handles the chain automatically.
Using pips for gold and oil
XAU/USD doesn’t have “pips” the same way EUR/USD does. Gold uses $0.01 per ounce per contract. Oil futures use $0.01 per barrel per contract. Treat them like forex pips and your risk math will be 10× off.
Continue the workflow with these calculators
Frequently asked questions
Size every trade with pip-perfect precision.
The calculator handles the pip math. CleaRank handles the workflow. Live ATR volatility, strategy profiles, AI pip intelligence and the rest of the 22-tool dashboard.
Pro
- Compare Scenarios (3 exits side-by-side)
- Strategy Profiles, Save Scenario, PDF/CSV exports
- Exports, simulator + the rest of the workbench
Ultra
- Everything in Pro, plus ,
- AI Trade Review. Trade quality + cost impact verdict
- AI Trade Coach + multi-account + Replay
Cancel anytime
All 22 tools included