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Free toolNo login required· Risk & position sizing

Free Risk Reward Calculator

A free risk/reward calculator, no login required. Enter your direction, entry, stop loss and take profit and it shows the reward-to-risk ratio, the risk and reward distances, and the win rate you would need just to break even.

Inputs

Direction

Below entry for a long.

Above entry for a long.

Risk : Reward

1 : 2.00

reward per unit of risk

Breakeven win rate

33.3%

ignoring costs

Risk distance

0.005

entry → stop

Reward distance

0.01

entry → target

Proportion

Risk
Reward
RiskReward
You risk 0.005 to make 0.01 — a 2.00:1 reward-to-risk. You would need to win at least 33.3% of trades to break even before costs.

How it works

For a long trade, risk = entry − stop loss and reward = take profit − entry (the signs flip for a short). The reward-to-risk ratio is reward ÷ risk.

The breakeven win rate is the percentage of trades you would need to win, ignoring costs, for the strategy to break even: breakeven win rate = risk ÷ (risk + reward) = 1 ÷ (1 + ratio).

Example calculation

  • Long · entry 1.1000 · stop 1.0950 · target 1.1100.
  • Risk = 0.0050 · reward = 0.0100 (50 vs 100 pips) · ratio = 2.0 (2:1).
  • Breakeven win rate = 50 ÷ (50 + 100) = 33.3%.

Frequently asked

How is the risk/reward ratio calculated?

Risk distance is the gap from entry to stop loss; reward distance is the gap from entry to take profit. The ratio is reward distance ÷ risk distance — a 2.0 means you aim to make twice what you risk.

What is breakeven win rate?

It is the win rate at which wins and losses cancel out, ignoring costs: breakeven win rate = risk ÷ (risk + reward). A 2:1 reward/risk needs about 33.3% wins to break even.

Does a good ratio guarantee profit?

No. A favourable ratio only changes the breakeven win rate. Actual outcomes depend on your own trading and are never guaranteed. This is an educational tool.

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Learn the concepts

Free educational guides from the Knowledge hub — no login required.

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Market vs pending execution, where the four pending types sit around the quote, attached SL/TP, and broker placement limits.

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How SL and TP attach to a position, which side of the quote triggers them, why their fills follow different rules, and how the stop distance defines 1R.

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This free tool is for educational and analytical purposes only. It does not provide trading signals, investment advice, financial recommendations, broker services or trade execution. Calculations are estimates based on the values you enter; simulations show scenario ranges only and do not predict future results or guarantee any outcome.