Free MyProp Tools

MyProp Trading Tools

Three free tools for the three decisions that blow up most prop accounts: what size to trade, when to trade, and whether your positions are multiplying each other's risk.

  • 3 completely free tools
  • No sign-up required
  • Live, up-to-date data
Free

Position Size Calculator

The problem it solves

Not sure how many lots to trade with this stop loss?

Enter your balance, risk percentage and stop-loss distance; the tool tells you the exact lot size so that if your stop is hit, you lose only the amount you planned for.

Balance$10,000
Risk1%
Stop loss25 pip
Position size0.40 lot
Max loss: $100
  • Standard, mini and micro lots
  • Currency pairs and gold supported
  • MyProp plan suggestion based on your risk
Use it free
Free

Forex Market Hours

The problem it solves

Not sure which market is open now and when is the best time to trade?

See the Sydney, Tokyo, London and New York sessions live in your local time. The overlaps with the most liquidity and volatility are highlighted.

Sydney
Tokyo
London
New York
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London / New York overlap
  • Live sessions in your time zone
  • Highlighted high-volatility overlaps
  • Daylight saving handled automatically
Use it free
Free

Currency Correlation

The problem it solves

Think you opened three separate trades, but actually tripled your risk?

See which symbols move together and which move opposite. Before opening several positions, avoid unintentionally doubling your risk and breaching your daily loss limit.

EURUSDGBPUSDUSDCHFEURUSD1.00+0.87-0.91GBPUSD+0.871.00-0.82USDCHF-0.91-0.821.00
Sample correlation
  • Correlation matrix for majors and gold
  • Multiple timeframes
  • Data updated automatically
Use it free

Which tool should I use, and when?

Together, these three tools form a simple routine before every trade.

  1. 1Before your trading day starts
    Forex Market Hours

    See which sessions are open and when the high-volatility overlaps begin, so you don't trade dead hours.

  2. 2Before opening several positions
    Currency Correlation

    Make sure the trades you open together aren't doubling each other's risk and your daily loss limit stays safe.

  3. 3Right before entering a trade
    Position Size Calculator

    Calculate the exact size from your risk and stop loss, so a losing trade costs only what you planned.

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