Free trading tools
R-Multiple Calculator
Use this R-multiple calculator to convert any trade into a normalized R result based on planned risk.
Best for
Traders journaling trade quality by planned risk instead of only dollar P&L.
What you get
Planned risk, trade P&L, R-multiple, percentage return, and review label.
Not for
Replacing broker statements or ignoring partial exits and fees.
Formula
R multiple = trade P&L / planned risk
Example
If planned risk is $100 and the trade makes $240, the result is +2.4R.
Hexaplan verdict
Perfect for strategy journaling because it normalizes every trade.
R-multiple formula
R-multiple equals actual profit or loss divided by planned risk.
R-multiple example
A trade risking $100 that returns $240 is +2.4R. A loss of $50 is -0.5R.
Common R-multiple mistakes
- Changing the stop after entry.
- Using account balance instead of planned risk.
- Ignoring partial exits.
- Mixing gross and net P&L.
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FAQ
Can R be negative?
Yes. A losing trade is negative R.
Can this help journaling?
Yes. R-multiple makes strategy performance easier to compare across trades.