Free Trade Planner & Risk–Reward Calculator

Turn an entry, stop-loss and target into a clear pre-trade estimate. Use the Trading Turtle Trade Planner to compare potential risk and reward,
calculate possible loss and profit, and review the position behind your plan before placing an order.

FREE RISK–REWARD TRADE PLANNER

Evaluate Risk and Reward

Review Your Planned Risk and Reward

Compare the loss at your stop with the potential profit at your target before placing the trade.

Risk–reward assessment —

Enter a valid plan to compare the proposed reward with the amount at risk.

Risk / reward ratio —
Potential loss at stop —
Potential profit at target —
Stop distance —
Target distance —
Supporting position quantity —
Supporting position value —

Educational estimate only. A risk–reward ratio does not measure trade quality or predict an outcome. Fees, slippage, gaps, liquidity and execution can change the actual result.

How to Use the Trade Planner

  1. Choose whether the proposed trade is Long or Short.
  2. Enter the planned entry price, stop-loss price and target price.
  3. Add your account balance and the percentage you are prepared to risk.
  4. Review the risk–reward ratio, potential loss and potential profit.
  5. Check the stop and target distances against your trading setup.
  6. Treat position quantity and value as supporting estimates, then confirm valid lot sizes, fees and order requirements with your broker or exchange.

How the Risk–Reward Trade Planner Works

How the Risk–Reward Trade Planner Works

The planner measures the price distance from entry to stop as risk and the distance from entry to target as potential reward. It then compares those distances as a risk–reward ratio. For example, a result of 1:2.50 means the planned reward is 2.5 times the amount at risk.

Your account balance and risk percentage are used to estimate the money at risk and a supporting position quantity. The target price is then used to estimate potential profit if price reaches that level. These are planning estimates—not forecasts. A larger potential reward does not mean the target is more likely to be reached.

Important: Fees, spread, slippage, gaps, funding charges, contract multipliers, taxes and partial fills can change the actual result. Always confirm instrument and platform requirements before placing a trade.

More tools: Position Size Calculator | Drawdown Calculator | Pre-Trade Checklist | Trading Journal

WHY USE THIS TOOL?

Turn a Trade Idea into a Measurable Plan

  • Compare Risk and Reward
  • Estimate Possible Outcomes
  • Define the Trade Before Entry

A written, measurable plan cannot remove trading risk, but it can make the assumptions behind a trade easier to examine before the order is placed.

Visual representaion of a trade planner

“A disciplined trader defines the risk, reward and invalidation
before the order—not after the market moves.”

TRADE PLANNING EXPLAINED

Benefits of Using a Risk–Reward Trade Planner

See the Risk–Reward Trade-OffCompare the potential loss and profit using the same entry, stop and target levels. This makes it easier to identify plans where the proposed reward is small relative to the risk.
Keep Stops and Targets Intentional
Enter price levels based on your trading setup rather than changing them simply to produce a more attractive ratio. The calculator measures the plan; it does not validate the market reasoning behind it.
Support More Consistent ReviewsUsing the same planning process for each trade creates comparable records for your trading journal. Over time, you can review whether planned risk, execution and outcomes matched your rules.

– Frequently Asked Questions (FAQs)

What is a trade planner?

A trade planner is a pre-trade tool that organizes the proposed direction, entry, stop-loss, target and account risk. It converts those inputs into estimates such as risk–reward ratio, potential loss, potential profit and position quantity.

How is the risk–reward ratio calculated?

For a long trade, risk is the distance from entry to the lower stop, while reward is the distance from entry to the higher target. For a short trade, the direction is reversed. Potential reward is divided by risk and displayed in a form such as 1:2.50.

What is the difference between the Trade Planner and Position Size Calculator?

The Position Size Calculator primarily answers, “How much can I trade based on my account risk and stop distance?” The Trade Planner primarily answers, “How does the potential reward compare with the planned risk?” It adds a target price, potential profit and a risk–reward assessment.

What is a good risk–reward ratio?

There is no universal ratio that makes a trade good. A higher ratio shows more potential reward relative to risk, but it says nothing about the probability of reaching the target. Setup quality, market conditions, execution costs and the trader’s tested rules still matter.

Can I use this trade planner for stocks and cryptocurrency?

Yes. The calculations can be used as general educational estimates for stocks, cryptocurrency spot markets and other instruments that use an entry, stop and target. Futures and leveraged products require additional checks for margin, liquidation, funding and contract specifications.

Does the calculator work for long and short trades?

Yes. In Long mode, the stop must be below entry and the target above entry. In Short mode, the stop must be above entry and the target below entry.

Are brokerage fees and slippage included?

No. The displayed values do not include brokerage, exchange fees, spread, slippage, taxes, funding or price gaps. Actual loss or profit can therefore differ from the estimate.

Can the Trade Planner predict whether a trade will be profitable?

No. It evaluates the numbers entered by the user and cannot predict price direction, execution quality or the probability of reaching a stop or target.

Is this Trade Planner financial advice?

No. It is an educational calculation and planning tool. It does not provide personalized financial advice or recommend buying, selling or holding any instrument.