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Profit/Loss & Risk-Reward Calculator

Enter your entry, stop loss and target to see what you risk, what you could win, your risk-to-reward ratio, and the win rate you need to break even.

Your trade

3-letter code, for example USD or SAR.

Leave blank for the usual size: 0.01 for yen pairs, otherwise 0.0001. Change it if your broker uses another size.

A standard lot is usually 100,000 units. Check your broker.

Add it to see the profit or loss if the trade closes there.

Result

Enter entry, stop loss, target and lots to see the result. If your account currency is not the second (quote) currency of the pair, also enter the exchange rate.

Good to know

A trade with a 1 : 2 ratio only needs to win about 1 in 3 times to break even, before spread, commission and swap. A good ratio does not make a trade likely to win. The win rate you need is not the win rate you will get.

Risk warning

Trading currencies, gold and CFDs with leverage is high risk. You can lose all of your deposit and, depending on your broker, more. This tool is for calculation and learning only. It is not investment advice or a recommendation to trade. Prices, leverage, fees, spreads and pip values differ between brokers, so check your licensed broker's own figures before any trade.

About this calculator

See what you risk, what you could win, the risk-to-reward ratio and the win rate needed to break even.

Example: buy EUR/USD at 1.1000, stop 1.0950, target 1.1100, 1 lot (made-up prices)

You risk 500 dollars to win 1,000 dollars, a ratio of 1 : 2. You need to win about 33.3% of such trades to break even.

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Frequently asked questions

What is the risk-to-reward ratio?

It compares what you could win with what you could lose. If your stop loss is 50 pips away and your target is 100 pips away, the ratio is 1 : 2.

What is the win rate needed to break even?

It is risk ÷ (risk + reward). With a 1 : 2 ratio you must win about 1 trade in 3 to break even, before spread, commission and swap.

Does a high ratio mean the trade will win?

No. A high ratio only says how much you could win compared with what you could lose. It says nothing about how likely the target is to be reached.

Why does the tool say the stop loss must be below the entry?

For a buy, a stop loss protects you if the price falls, so it sits below the entry and the target above. For a sell it is the other way round.

Are costs included?

No. Spread, commission, swap and slippage are not included, so real results are usually worse.

What is the exit price for?

It is optional. Enter a price to see the profit or loss if the trade closes there, for example to review a trade that ended early.