Profit calculator
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Profit and Loss Calculator for Gold and Oil
Check what a trade made or lost. Enter the instrument, direction, lots, entry and exit price and see the result in pips and dollars.
How profit and loss is calculated
Result = (exit price - entry price) x contract size x lots for a buy. For a sell the sign is reversed.
Example: buy 0.50 lots of gold at 2,000 and close at 2,010. The price moved 10 dollars, 10 x 100 x 0.5 = $500 gross profit. If the exit had been 1,990 the result would be a $500 loss.
What is not included
The figure is the gross result. The spread, commission, overnight financing (swap) and any currency conversion reduce it. For short-term trades the spread is usually the largest cost, so a trade needs to move beyond it just to break even.
Default contract specifications used
| Instrument | 1 lot | Pip size | Value of 1 pip per lot |
|---|---|---|---|
| Gold (XAU/USD) | 100 oz | 0.1 | $10.00 |
| Silver (XAG/USD) | 5,000 oz | 0.01 | $50.00 |
| WTI crude oil | 1,000 barrels | 0.01 | $10.00 |
| Brent crude oil | 1,000 barrels | 0.01 | $10.00 |
| Natural gas | 10,000 MMBtu | 0.001 | $10.00 |
| Copper | 25,000 lb | 0.0005 | $12.50 |
| Platinum (XPT/USD) | 50 oz | 0.1 | $5.00 |
| Palladium (XPD/USD) | 100 oz | 0.1 | $10.00 |
Typical values, not offered by us. Always confirm with your own broker or exchange.
Frequently asked questions
Does this include the spread and commission?
No. It shows the gross result of the price move. Subtract the costs of your own broker.
How are pips calculated?
Pips = price change / pip size. The pip size is in the contract settings and can be changed.
Can I calculate a sell trade?
Yes. Choose Sell and the result is positive when the exit price is below the entry price.
Can I use it for futures?
Yes, if you set the contract size to match the futures contract, for example 1,000 barrels for crude oil or 100 ounces for gold.
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Pip calculatorRisk reward calculatorMargin calculatorLive oil prices
Educational calculator, not investment advice. Leveraged products such as CFDs carry a high risk of losing money quickly. Prices are indicative. Terms.