R-Multiple Calculator

Understand the calculation.

Realized R = net P&L ÷ initial planned risk

An R-multiple expresses the trade result relative to its initial planned risk. Enter net P&L after costs and preserve the original risk denominator, even if the stop moved later.

How to use the calculator

1. Enter the closed trade's net P&L. Losses are negative.
2. Enter the positive initial planned risk in the same currency.
3. Keep the risk definition consistent across the journal, including whether planned fees were part of it.
4. Compare realized R with the original target and record any position changes separately.

Worked example

A $150 net profit on $100 of initial planned risk is +1.5R. A $120 net loss on the same risk is −1.2R. The second result can occur when costs or execution push the loss beyond the original plan. Changing the denominator afterward would hide that difference.

What this calculation assumes

• Initial risk must be greater than zero. A trade without a defined risk budget has no meaningful R denominator here.
• Net P&L should include actual fees and funding. They are not deducted again by this calculator.
• For scale-ins and partial exits, reconcile the complete trade result and document your chosen risk convention.

Educational estimates, not trade recommendations. Actual fills and exchange rules can change outcomes. Money inputs use one consistent quote currency; the $ symbol is an example currency label.

Frequently asked questions

Formula references

• CME Group: position size and stop risk
• Bybit: linear P&L, fees, and leverage
• Trading terms and metric definitions