R-Multiple Calculator

The R-multiple calculator converts a trade into units of initial risk. Enter your entry, stop, and exit prices (and direction) and it returns the result in R: a +2R trade made twice what you risked, while −1R means you lost the amount you planned to risk. Thinking in R makes trades of any size comparable and is the basis of expectancy in R.

Entry price ($) Stop-loss price ($) Exit price ($) Direction

Risk per share —

R-multiple —

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Related metrics

R-Multiple Expectancy Payoff Ratio

Frequently asked questions

How do you calculate an R-multiple? +

R = (exit − entry) ÷ (entry − stop) for a long trade (negated for a short). It is the reward earned as a multiple of the per-share risk.

What does a negative R mean? +

A negative R-multiple is a losing trade. −1R means you lost roughly the amount you planned to risk; −0.5R means you lost half of it.