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Risk / Reward Ratio Calculator

Enter, stop and target — get the ratio, and the win rate you'd need just to break even at it. The second number is the one people skip.

Risk / reward
Breakeven win rate
Risk per unit
Reward per unit
Direction

Direction is inferred from your stop: below entry means long, above entry means short. Nothing you type leaves your browser.

The formula

With the defaults: risk is 1,200, reward is 2,600, so the ratio is 2.17. That means you'd need to win about 31.5% of the time just to break even before costs — and anything above that is where profit starts.

Why the breakeven number matters more than the ratio

"3:1 minimum" is repeated everywhere as if the ratio alone were the point. It isn't. A ratio is only meaningful next to the win rate it demands, because the two trade off directly:

Risk / rewardBreakeven win rateWhat it means in practice
0.5 : 166.7%You must be right two times out of three
1 : 150.0%A coin flip, before costs
1.5 : 140.0%Wrong more often than right is still fine
2 : 133.3%One win covers two losses
3 : 125.0%Right one time in four
5 : 116.7%Rare, and usually means the target is fantasy

The trap in that table is the bottom row. Ratios improve on paper simply by moving the target further away — and a target far enough to look attractive is often a target price never reaches. A high ratio you don't actually hit is worse than a modest one you do. The honest test is whether the target sits at a level the market has respected, not whether the arithmetic looks good.

Where this calculation quietly lies

FAQ

What is a good risk/reward ratio?

There's no universal answer — a 1:1 with a 60% hit rate beats a 3:1 with a 20% hit rate. What matters is whether your actual win rate clears the breakeven rate the ratio demands, after costs. Judge the pair, never the ratio alone.

How do I calculate risk/reward?

Divide the distance from entry to target by the distance from entry to stop. Both distances are absolute — direction doesn't change the arithmetic.

Why is my breakeven win rate higher than the formula says?

Because 1 ÷ (1 + ratio) assumes zero costs. Every trade pays spread, fees and some slippage, which raises the bar. On short-timeframe trading the gap is not small.

Should I use the first target or the second?

Calculate both. Partial exits change your effective ratio, and a plan that only pencils out at target 2 is a plan you'll abandon at target 1.

These numbers tell you how much to risk. They can't tell you whether the setup is worth risking anything on — that's a different question, and it's the one we built Tickrify for: paste a chart, get entry, stop, targets and risk, or an honest "no trade". Three analyses free, no card.

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