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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.
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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FAQs - Prop Trading Questions Answered
Answers on prop firms, funded accounts, challenges and how our platform works
To save money on a funded trading account, traders can use verified prop firm discount codes available on Prop Firm Pal. By applying these promo codes during checkout, traders reduce the cost of evaluation challenges. Combining structured comparisons with active discounts helps traders choose competitive programs while lowering upfront costs.
Prop trading is generally legal in most countries, but the regulatory status of specific prop firms can vary. Some jurisdictions have introduced rules affecting how prop firms operate or market their services. Certain prop firms also restrict access to traders in specific countries. Prop Firm Pal includes restricted country information on individual firm pages so you can quickly check whether a firm is available to traders in your region.
Yes, most prop firms charge a one-time challenge fee to enter an evaluation program. This fee typically ranges from around $50 for smaller account sizes to several hundred dollars for larger funded accounts. The fee covers access to the evaluation environment. If you pass, some firms refund the challenge fee with your first payout. Firms offering free challenges are rare and often compensate by taking a larger profit split or applying stricter conditions.
The best prop firm for futures trading will offer access to CME or exchange-listed contracts, clear rules around leverage and contract limits, and a payout structure suitable for high-frequency or systematic futures strategies. Futures prop firms often operate differently from forex-focused ones, with different fee structures and account types. Prop Firm Pal includes futures-focused firms in its comparisons so you can evaluate which programs support your preferred instruments and trading approach.
Each prop firm page on Prop Firm Pal includes a detailed company overview, evaluation rules, profit targets, drawdown limits, profit split information, available account sizes, trading instruments, restricted countries, FAQs, and user reviews. We aim to provide everything a trader needs to evaluate a funded trading program in one place.
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