Risk Reward Calculator
Enter your entry, stop loss and take profit to get the risk:reward ratio, the R multiple and the win rate you need to break even. Add your win rate to see the trade's expectancy. Works for longs and shorts in any market.
Entry price
Stop loss price
Take profit price
Expectancy and dollars (optional)
Your win rate (%)
Dollar risk per trade ($)
FAQs - Risk to Reward
Risk:reward ratios, breakeven win rates and expectancy, and what they mean for a funded account.
Risk is the distance from entry to stop, reward is the distance from entry to target, and the ratio is reward ÷ risk. A long at 100 with a stop at 98 and a target at 106 risks 2 to make 6: 1:3, or a 3R trade. The units cancel, so it works the same in pips, ticks, points or dollars.
Breakeven win rate = 1 ÷ (1 + R). At 1:1 you need to win 50% of trades, at 1:2 about 33.3%, at 1:3 exactly 25%. Below that win rate the strategy loses money over time regardless of how good any single trade looks; above it, it makes money before costs.
Expectancy is the average result per trade, measured in R. With a win rate p and a reward of R per win, expectancy = p × R − (1 − p). A 40% win rate at 1:2 gives 0.4 × 2 − 0.6 = +0.2R: every trade earns a fifth of what it risks on average. Negative expectancy loses money however you size it.
No. Pushing the target further out raises R but usually lowers the win rate, because price reaches a distant target less often. What matters is the pair together: expectancy. A 1:1 strategy that wins 60% of the time (+0.2R) is as good as a 1:3 strategy that wins 30% (+0.2R), and the 1:1 one has far shorter losing streaks, which matters on a prop firm drawdown.
It sets how many trades you need and how deep your losing streaks run. Higher-R strategies pass with fewer winning trades but suffer longer runs of losses, which a tight daily or trailing drawdown may not survive. Check the streak your win rate implies against the number of losses your drawdown allows before choosing a target.
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