Free trading tools
Risk/Reward Calculator
Check planned risk, planned reward and R:R before entering a trade.
Best for
Comparing entry, stop loss and target before a trade.
What you get
Planned R:R, break-even win rate, possible loss and possible profit.
Not for
Predicting whether the trade will win.
Formula
Risk/reward compares the distance from entry to stop loss with the distance from entry to target.
Example
Buying at $100 with a $90 stop and $120 target gives 2R planned reward.
Hexaplan verdict
Good for filtering weak trade ideas.
How risk/reward works
Risk/reward shows how much you can make compared with what you plan to risk. A higher R:R gives more room for losses, but only if the setup is realistic.
A far target is not useful if price has little reason to reach it.
How to use this calculator
- Enter entry price.
- Enter stop loss.
- Enter take profit.
- Add position size if you want dollar values.
- Compare R:R with your strategy rules.
Common mistakes
- Forcing a far target to make R:R look better.
- Ignoring market structure.
- Moving the stop after entry.
- Forgetting spread and fees.
- Taking trades below your minimum R:R.
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FAQ
Is higher R:R always better?
No. The target still needs to be realistic for the setup.
Can I calculate R:R without quantity?
Yes. Entry, stop loss and take profit are enough.
What is break-even win rate?
It is the win rate needed to break even before fees.