MDThe R Multiple: Results Without Makeup
Percentages can be spun. R is honest: it always measures the result relative to the capital risked.
What Is 1R?
1R is the capital you risk per trade, defined by the distance between entry and stop.
How It Is Calculated
Result in R = (exit minus entry) divided by (entry minus stop). A trade with 2.27R earned 2.27 times the risk.
Why the Average Matters
One trade says nothing. The average over many documented trades shows whether a method holds. Our journal is public.
Entry 100, stop 95 (1R = 5), exit 111 → +2.2R.
What does +2.27R mean exactly?
On average, each trade returned 2.27 times the risk as profit, across all documented positions.
Why not just percentages?
Percentages depend on position size and leverage. R is identical everywhere and makes trades fairly comparable.
Are losing trades in the average?
Yes. The journal shows every trade, winners and losers. Only then is the average honest.
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