US Oil (WTI) Lot Size Calculator for Lux Trading Firm

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Firm Rules Summary

Instrument Guide

USOIL position sizing differs from forex because oil moves in points rather than pips, with each point worth $10 per lot. The 1.5-point average daily range means you're working with significant volatility - a full daily move represents $150 per lot. This volatility makes stop loss placement critical. I typically use stops between 30-70 points depending on the setup, as anything tighter gets stopped out by normal market noise, while wider stops eat into position size too much. Here's a practical example: on a $100,000 account with 1% risk ($1,000), using a 50-point stop loss, your position size would be $1,000 ÷ (50 × $10) = 0.2 lots. At 2% risk ($2,000), you could take 0.4 lots with the same stop. The key insight is that oil's volatility means your stops need room to breathe - I rarely go below 30 points unless it's a very tight range day setup. USOIL suits Lux Trading Firm's rules well. The 0% daily loss limit isn't restrictive since proper position sizing should keep individual trades well below account-threatening levels. The 6% max drawdown gives enough room for the normal variance oil trading brings, while the 10% profit target is achievable given oil's trending nature. The $10 per point makes calculations clean compared to some commodities. Watch out for inventory data releases and OPEC announcements - these can blow through normal stops, so consider reducing size ahead of major news. The instrument's liquidity during US and European hours makes it suitable for the precise entries prop trading demands.

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