Forex Profit / Loss Calculator — Entry to Exit P&L

How trade profit and loss is calculated

Long trade:   P/L = ((Exit − Entry) ÷ Pip Size) × Pip Value per Lot × Lot Size
Short trade:  P/L = ((Entry − Exit) ÷ Pip Size) × Pip Value per Lot × Lot Size

Where:
  Pip Size           = 0.0001 (FX majors), 0.01 (JPY, gold), 0.001 (silver)
  Pip Value per Lot  = Pip Size × Contract Size × FX-to-account rate
                       (= $10 for FX majors, $1 for gold)
  Lot Size           = 1.0 standard, 0.1 mini, 0.01 micro

Result is gross P/L; subtract commissions and swap to get net.

The price move from entry to exit, divided by the pip size, gives the move in pips. Multiplied by the per-lot pip value (which already accounts for the symbol's contract size and any FX conversion) and the lot size, you get the trade's P/L in account currency. For shorts, the sign convention flips — the short profits when price falls, so we compute (entry − exit) rather than (exit − entry). Commissions and overnight swap costs are not included in this gross figure; subtract them manually for net P/L. On an ECN account, commission is typically $3-7 per round-turn lot, so deduct ~$0.30-0.70 per round-turn for a 0.10 lot trade.

Edge cases & special pairs

• JPY pair tradesUSDJPY pip = 0.01. A buy at 150.00 closed at 151.00 = 100 pips. Pip value in USD ≈ $6.67/lot at JPY 150. For 0.10 lot: 100 × $0.667 = $66.70 profit. Note the higher absolute pip count vs USD pairs — JPY moves of 100+ pips are common single-session moves.
• XAUUSD (Gold) tradesPip = 0.01 ($0.01 in price terms). Contract = 100 oz. Pip value = $1/lot. A buy at 2,400.00 closed at 2,420.00 = 2,000 pips ($20 price move). For 0.10 lot: 2,000 × $0.10 = $200 profit. Gold's $20 price moves are common in a day — translates to thousands of 'pips'.
• Stop hit on a long positionBuy entry 1.0850, stop loss 1.0820 = 30 pips below entry. If stop fills exactly: 30 × $1.00 × 0.10 lot = $3.00 loss. Slippage past the stop (common during news) widens this — backtest assumes perfect fills, live execution rarely delivers them.
• Take profit hit on a short positionSell entry 1.0850, take profit 1.0800 = 50 pips below entry. P/L = (1.0850 − 1.0800) ÷ 0.0001 × $1.00 × 0.10 = $5.00 profit. The (entry − exit) sign convention for shorts gives the right answer.
• Crypto trade (BTCUSD)Broker-dependent. With $1 pip on 1.0 lot at IC Markets: buy BTC at $65,000, sell at $66,000 = 1,000 pips × $1 = $1,000 profit per lot. Note the very large per-trade P/L magnitude vs FX — crypto position sizes should be much smaller in lots to maintain comparable account risk.
• Partial close P/LIf you close 0.05 of a 0.10 lot position at one price and the remaining 0.05 at another, compute each leg separately and sum. MT5 reports them as two separate deal records in the trade history; the position-level summary aggregates correctly.
• Currency conversion at exitFor trades whose quote currency differs from account currency, the P/L conversion uses the FX rate at trade EXIT time, not entry time. The 'live conversion' is what MT5 reports. For multi-day holds on JPY pairs, FX rate drift can cause 2-5% divergence between expected and realised P/L in account currency.

When to use this calculator

Use this calculator pre-trade to confirm the expected P/L matches your risk/reward target, and post-trade to verify the broker's quoted P/L matches your independent calculation. Verification is important — brokers occasionally make rounding errors at the trade-history level (different to what they showed in real-time during the position). For systematic strategies, the calculator also validates EA-computed P/L: if your EA's trade log shows different numbers than this calculator for the same entry/exit/lot, the EA may have a bug in its accounting code. Most discrepancies trace to: (1) the EA forgetting to subtract commission, (2) the EA using stale pip-value calculation, (3) the EA confusing pip and point conventions on 5-decimal pricing.

Related guide: How to read trading statistics →

Frequently asked questions