USDCAD Lot Size Calculator
The Canadian Dollar (USDCAD), nicknamed the "Loonie", is strongly correlated with oil prices since Canada is a major oil exporter. This calculator helps you size positions correctly for this commodity-linked pair.
USDCAD has an inverse correlation with oil: when oil rises, CAD strengthens and USDCAD falls. This creates trading opportunities around OPEC decisions, EIA inventory reports, and oil supply disruptions. The pair is most active during the overlap of London and New York sessions.
Example Calculation
Step-by-step lot size calculation for USDCAD:
The Formula
Step 1: Your Trading Parameters
Account Size
$10,000
Risk Per Trade
1%
Stop Loss
30 pips
Step 2: Risk Amount
$100
Maximum loss per trade
Step 3: Lot Size
$100 ÷ (30 pips × pip value)
0.33 lots
Risk exactly $100 with 30 pips SL
💡 Note: Lot size determines your risk, while leverage determines your margin requirement. With higher leverage (e.g., 1:100), you need less margin to open the same position, but your risk stays the same.
USDCAD Volatility: Moderate - Average daily range 50-70 pips
Frequently Asked Questions
Common questions about USDCAD lot sizing.
This page is part of our main Lot Size Calculator, which supports all forex pairs, indices, and crypto.
Since CAD is the quote currency, pip value fluctuates with USD/CAD rate. Approximately $7-8 per pip per standard lot. Always verify with current rates.