US Oil (WTI) Lot Size Calculator for BrightFunded

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Firm Rules Summary

Instrument Guide

USOIL position sizing requires careful attention to its volatility characteristics and the $10 per point pip value. With an average daily range of 1.5 points, this instrument moves significantly throughout trading sessions, making stop loss placement crucial for survival. The 1.5 point daily range means you should typically set stops at least 30-50 points away to avoid getting whipsawed by normal market noise, especially during inventory data releases and OPEC announcements. Here's a practical example: On a $100k BrightFunded account, risking 1% ($1,000) with a 40-point stop loss means your position size should be 0.25 lots ($1,000 ÷ 40 points ÷ $10 = 0.25). For 2% risk ($2,000), you'd size at 0.5 lots with the same stop distance. The key difference with oil versus forex pairs is the contract specification - you're trading the underlying commodity with storage costs, geopolitical risks, and inventory cycles affecting price action. Oil gaps frequently on Sunday opens and during major news events, so never risk more than you can afford to lose on gap moves. USOIL suits BrightFunded's rules well because the 5% daily loss limit gives you room for 2-3 reasonable trades even with 2% risk per trade. However, the 10% max drawdown means you need disciplined risk management since oil can trend aggressively for days. The volatility also means you can reach the 8% profit target relatively quickly if you catch a good directional move. Focus on key technical levels and avoid trading during the 30 minutes around inventory releases unless you're prepared for extreme volatility.

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