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Free tools · Preparing a trade

Is this trade worth the risk you're taking?

Three prices are enough: your entry, your stop, your target. You get the ratio, and the share of winning trades you need to break even.

Risk / reward ratio —
Trade direction
—
Risk (entry → stop)
—
Reward (entry → target)
—
Break-even win rate
—

The maths

How it's calculated.

Risk
distance between the entry and the stop
Reward
distance between the entry and the target
R:R ratio
reward ÷ risk
Break-even win rate
1 ÷ (1 + R:R)
Questions

Before you use it.

Is an R:R of 2 enough to win?

No. You also need to win often enough: at an R:R of 2, you need more than one winning trade in three. Only a sample of your own trades tells you whether you're there.

Do I have to enter the trade direction?

No, it's deduced: a target above the entry is a buy, below it a sell. The stop must be on the other side.

And in TradeChart?

Each trade's target R:R is recorded at entry. It's what feeds the “Discipline” axis of your Score.

The other tools
Position sizeHow many lots to take so you only risk what you decided.Open Pip valueWhat one pip is worth, in dollars, depending on the instrument and your size.Open Recovery after a drawdownThe gain you need to get back to your starting capital.Open

A calculation is good. Checking it on the market is better.

Replay your trades candle by candle, with your stop, your target and your size.

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