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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.
How do you calculate risk to reward?
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.
What win rate do I need to break even?
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.
What is expectancy in trading?
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.
Is a higher risk to reward ratio always better?
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.
How does risk to reward affect a prop firm challenge?
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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FAQs — Prop Trading Questions Answered
Answers on prop firms, funded accounts, challenges and how our platform works
What is Prop Firm Pal?
Prop Firm Pal is a comparison and review platform for proprietary trading firms. We list popular prop firms, publish detailed descriptions, collect real trader reviews, and provide verified discount codes for challenges and funded accounts. Our goal is to help traders compare prop firms, save money with promo codes, and choose the best funded trading program for their needs.
How does Prop Firm Pal work?
Prop Firm Pal allows traders to browse a curated list of proprietary trading firms, read in-depth information about each firm, and view real user reviews. When you find a prop firm you like, you can click the discount code button to copy the promo code and visit the firm’s website through our link. If you complete a purchase, you receive the advertised discount and we may earn a commission from the prop firm at no additional cost to you.
What is a proprietary trading firm (prop firm)?
A proprietary trading firm, also known as a prop firm, is a company that provides traders with access to funded trading accounts. Instead of risking your own capital, you trade the firm’s funds and earn a share of the profits. Most prop firms require traders to pass an evaluation or challenge that tests consistency, risk management, and profitability before granting a funded account.
How do prop firm challenges work?
Prop firm challenges are evaluation programs where traders must meet specific profit targets while following strict risk management rules. These rules often include maximum daily drawdown, overall drawdown limits, minimum trading days, and consistency requirements. If you successfully complete the challenge and any verification phase, you can qualify for a funded trading account and receive a profit split.
How do I use a prop firm discount code on Prop Firm Pal?
To use a prop firm discount code on Prop Firm Pal, go to the prop firm’s profile page and click the discount button. The promo code will automatically copy to your clipboard and you will be redirected to the official prop firm website. At checkout, paste the code into the coupon or promo field to apply the discount to your challenge or funded account purchase.
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