US Oil (WTI) Lot Size Calculator for Hantec Trader

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Instrument Guide

Oil position sizing requires careful attention to volatility - with an average daily range of 1.5 points (150 pips), this market can move aggressively and unpredictably. The $10 per lot pip value means position sizing is straightforward to calculate, but the challenge lies in setting appropriate stop losses given oil's tendency for sudden spikes due to geopolitical events, inventory reports, and economic data. For stop loss placement, consider that 1.5 points average daily range translates to potential 50-100 point intraday swings during volatile sessions. Setting stops too tight (20-30 points) often results in premature exits, while wider stops (75-100 points) require smaller position sizes to maintain proper risk management. Worked example for 1% risk on $100k account: With a 50-point stop loss, you're risking $500 per lot (50 points × $10). To risk only $1,000 (1% of $100k), position size = $1,000 ÷ $500 = 0.2 lots. For 2% risk ($2,000), you could trade 0.4 lots with the same stop. During major news events like EIA inventory reports or OPEC meetings, consider reducing position size by 50% as volatility can double. Oil often gaps at market open due to overnight geopolitical developments, making Sunday night opening particularly risky. This instrument suits Hantec's prop trading rules well - the 5% daily loss limit provides adequate room for 2-3 oil trades with proper position sizing, and the 10% profit target is achievable given oil's trending nature during strong fundamental moves. However, the 10% max drawdown requires disciplined risk management as oil can produce consecutive losing trades during choppy, range-bound periods.

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