Target Price Calculator
Where price must go for the profit you are aiming at.
How it works
This is the profit calculation run backwards, and it carries the same subtlety as break-even: the closing fee is charged on the exit value, which is the number being solved for. The exit therefore appears on both sides of the equation, and the answer is not entry plus the profit divided by size.
Stating the goal three ways is not decoration — a cash amount, a return on margin and a multiple of risk answer different questions. The last is the one worth defaulting to: a target expressed in R is the only form that stays comparable between trades of different sizes, which is what makes a track record readable.
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How the Target Price Calculator works
A target price calculator answers the question in the direction traders actually think in: not 'what would I make if price reached here', but 'where must price go for the profit I am aiming at'. It is the PnL calculation inverted, with fees on both legs included.
Three ways to state a goal, and why the third is best
A cash amount is concrete and incomparable between accounts. A return on margin flatters leverage — 50% on margin sounds impressive until you notice it is a 5% price move at 10×. A multiple of risk is the only form that survives changes in position size, which is what makes a series of trades readable as a track record.
The three are different views of one number, and the calculator converts between them. If you are building a habit, build it on R: it is the unit the risk-reward calculator speaks and the one a journal can actually total up.
The exit fee is charged on the exit
The naive target is entry plus the desired profit divided by size. It is wrong for the same reason the naive break-even is wrong: the closing fee is a percentage of the exit value, and the exit value is what you are solving for. Setting net profit equal to the goal and collecting terms puts the fee in the denominator.
At retail fee rates the difference is small in absolute terms and grows with the goal, since a larger target means a larger exit notional to be charged on. At a zero goal the formula collapses exactly onto the break-even price, which is a useful sanity check on any implementation.
Leverage does not move the target
For a goal stated in cash, leverage is irrelevant to where price must go — the position is the same size, only the margin behind it differs. Leverage changes the target only when the goal is stated as a return on margin, because it is the margin that shrank.
This is worth internalising, because the marketing runs the other way. Higher leverage does not bring your target closer; it makes the same target represent a larger percentage of a smaller deposit, while moving liquidation closer at exactly the same rate.
FAQ
How do I calculate a take-profit price?
Decide the profit first, then solve for the price that produces it after fees. For a long that is (goal ÷ size + entry × (1 + fee)) ÷ (1 − fee). Working the other way — picking a price and seeing what it pays — is how targets end up chosen for how they look on a chart.
Does leverage change my target price?
Not for a cash goal, and not for a goal in R. It changes only a goal stated as return on margin, because higher leverage means less margin posted for the same position, so the same price move is a larger percentage of it.
Should the target include fees?
Yes, and both of them. A target set on gross profit is systematically short by the round trip, which matters little on a swing trade and decides the outcome on a scalp.
What if the calculator says no price delivers my goal?
You have asked for more than the position can produce. A short's maximum profit is bounded by the entry value, since price cannot go below zero; a long asking for the impossible would need a negative price. Increase the size or lower the goal.