Stop Loss & Take Profit Calculator CAD/JPY
Using estimated rate
Calculate stop loss for CAD/JPY
Inputs
Calculate pips to stop loss
$150 ÷ $300.00 = 0.5 pips
= 0.5 pips
Calculate stop loss price
1.000 - (0.5 × 0.01)
= 0.995
Calculate take profit (1:${slcTpRatio})
1.000 + (0.5 × 2 × 0.01)
= 1.010
For CAD/JPY stop loss calculations: CAD/JPY uses 2-decimal pricing (0.01 per pip) since JPY is valued in hundreds per unit. This cross pair has typical spreads of 1.8-2.8 pips with good liquidity.
Frequently Asked Questions
Where should I place my stop loss for CAD/JPY?
Stop loss placement for CAD/JPY should be based on technical levels (support/resistance), ATR-based volatility, or a fixed pip distance. Use this calculator to see the price level.
How many pips should my stop loss be for CAD/JPY?
Stop loss distance for CAD/JPY varies by strategy and timeframe. Scalpers may use 10-20 pips, day traders 30-50 pips, and swing traders 100+ pips on this minor pair.
Should I use a tight or wide stop for CAD/JPY?
For CAD/JPY, consider its typical volatility and spread. Tight stops may get hit by normal price fluctuations. The stop should be beyond market noise but within your risk tolerance.