US Oil (WTI) Lot Size Calculator for Phidias PropFirm

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Instrument Guide

US Oil position sizing requires careful attention to its volatile nature and unique contract specifications. Unlike forex pairs, crude oil moves in points rather than pips, with each point worth $10 per lot. This makes mental math easier but demands respect for the instrument's explosive potential. With an average daily range of 1.5 points ($150 per lot), WTI might seem tame, but oil can gap violently on inventory data, geopolitical events, or OPEC announcements. This average is misleading - oil frequently sees 100+ point moves in single sessions during volatile periods. For stop loss placement, consider using 30-80 point stops depending on your timeframe, as tighter stops often get swept by intraday noise. Worked example: On a $100,000 account risking 1% ($1,000), with a 50-point stop loss, divide $1,000 by $500 (50 points × $10) = 0.2 lots. For 2% risk ($2,000) with the same stop, you'd trade 0.4 lots. Always account for overnight gaps - oil markets react to Asian session news and can open significantly away from the previous close. However, there's a critical issue with Phidias PropFirm for oil trading: the 0% daily loss and drawdown limits make this instrument virtually untradeable. Oil's volatility means even well-planned trades can quickly move against you, and with zero tolerance for losses, you'd breach rules on minor adverse moves. The firm's risk parameters are completely incompatible with commodity trading realities. Consider this instrument only if these limits are errors in the provided information, as legitimate oil trading requires meaningful risk tolerance.

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