Gold Lot Size Calculator

Formula

The formula to calculate the Gold Lot Size (GLS) is:

\[ GLS = \frac{R}{SL} \]

Where:

Gold Lot Size (GLS): The number of ounces of gold to trade based on the total risk and stop loss value.
Total Risk (R): The total amount of money at risk in the trade.
Stop Loss Value (SL): The predetermined amount of money that can be lost before the trade is closed.

Let's say the total risk is $1000 and the stop loss value is $50. Using the formula:

\[ GLS = \frac{1000}{50} \]

We get:

\[ GLS = 20 \]

So, the Gold Lot Size ($ GLS $) is 20 ounces.