R-Multiple Calculator
Enter entry, stop, exit, and position size. Get R-multiple, initial risk, and realized P&L — with asset-class-aware multipliers for futures, stocks, options, and forex.
Trade details
Common roots: ES, MES, NQ, MNQ, YM, MYM, RTY, M2K, CL, MCL, GC, MGC, ZB, ZN.
Result
R-multiple
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Initial risk$NaN
Realized P&L (gross)$NaN
R-multiple normalizes the trade by initial risk — a +2R trade risking $50 is the same trade-quality as a +2R trade risking $5,000. R is what lets you compare strategies and trades on a consistent scale.
Track R on every trade automatically.
TradersForge auto-computes R-multiple per trade and per setup, so you can see expectancy by setup tag, time of day, and emotional state — without entering numbers in a calculator every time.
FAQ
- What is R-multiple in trading?
- R-multiple (or just "R") is the result of a single trade expressed as a multiple of the risk you took entering it. A trade that exits at twice your initial risk in profit is +2R; a trade that hits its stop is −1R by definition. R lets you compare trades across different account sizes and asset classes on a normalized scale.
- How do you calculate R-multiple?
- R-multiple = (Exit price − Entry price) × Position multiplier ÷ Initial risk. The position multiplier varies by asset class — point value × contracts for futures, share count for stocks, ×100 per contract for options, lot size × pip value for forex. This calculator handles the asset-class math automatically.
- What does "initial risk" mean for R calculation?
- Initial risk is the dollar amount you stood to lose if your stop had been hit at the moment you entered the trade. If you bought 1 MES at 5400 with a stop at 5395, your initial risk is 5 points × $5/point × 1 contract = $25. R-multiple is always computed against this initial number — even if you moved your stop mid-trade, the denominator stays fixed.
- How does R-multiple work for short trades?
- Same formula, just flip the sign convention — for a short, profit happens when the exit is BELOW the entry. This calculator handles direction automatically when you toggle Long/Short.
- How does R-multiple work for futures?
- For futures, the per-point multiplier is the contract specification (e.g. MES = $5/point, ES = $50/point, MNQ = $2/point). Risk = stop distance in points × multiplier × number of contracts. This calculator includes a built-in lookup for common futures roots — type the symbol root (MES, ES, NQ, MNQ, etc.) and the multiplier is applied automatically.
- What's a good R-multiple expectancy?
- Expectancy = (Win rate × Avg win in R) − (Loss rate × Avg loss in R). Anything above 0R is a profitable strategy. +0.2R per trade is solid for high-frequency strategies; +0.5R+ is excellent for any strategy. Most professional traders aim for +0.3R to +0.7R as portfolio-wide expectancy.
- Can I track R-multiple per trade automatically?
- Yes — TradersForge auto-computes R for every trade where you've logged a planned stop at entry. R appears on the trade detail page, in per-setup analytics, in journal stats, and in the AI Forge review. The /guides/r-multiple-tracking-explained page covers the full methodology.