Stop Loss & Take Profit Calculator USD/CAD
Using estimated rate
Calculate stop loss for USD/CAD
Inputs
Calculate pips to stop loss
$150 ÷ $2.21 = 67.8 pips
= 67.8 pips
Calculate stop loss price
1.35500 - (67.8 × 0.0001)
= 1.34823
Calculate take profit (1:${slcTpRatio})
1.35500 + (67.8 × 2 × 0.0001)
= 1.36855
For USD/CAD stop loss calculations: USD/CAD uses standard 4-decimal pricing where one pip equals 0.0001. This major pair has typical spreads of 1.2-1.8 pips with high liquidity across all sessions.
Frequently Asked Questions
Where should I place my stop loss for USD/CAD?
Stop loss placement for USD/CAD 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 USD/CAD?
Stop loss distance for USD/CAD varies by strategy and timeframe. Scalpers may use 10-20 pips, day traders 30-50 pips, and swing traders 100+ pips on this major pair.
Should I use a tight or wide stop for USD/CAD?
For USD/CAD, 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.