How partial exits change your R-multiple.
R expresses a trade’s result relative to its original planned risk. With several exits, weight each result by the percentage of the original position closed at that exit, then account for total trade costs.
WORKED EXAMPLES · 6 MINUTE READStart with the original risk.
If a trade starts with $100 of planned risk, $100 is 1R. A $200 gross gain is 2R before costs. A $100 gross loss is −1R. Keep the original risk denominator fixed when comparing entries; changing it after the outcome changes the meaning of the measure.
For a journal entry, use actual net P&L divided by recorded risk for net R. In EntryBench, a percentage-risk entry stores the balance snapshot used to resolve that dollar risk, so later portfolio changes do not rewrite the original basis.
Weight each partial exit.
Σ ( exit R × original-size share )
Take the 50% at 1R, 30% at 2R, and 20% at 3R example. The weighted outcome is 0.50 + 0.60 + 0.60 = 1.70R gross. At $100 original risk, gross P&L is $170. Subtract a $2 total cost and the result is $168 net, or 1.68R net.
Taking half of the remaining position is different from closing 50% of the original position. Label your allocation convention so the record is unambiguous. EntryBench target allocations use the original size.
- Gross result
- +$170.00
- Trade costs
- −$2.00
- Net result
- +$168.00
- Net R
- 1.68R
A partial profit does not remove the remaining risk.
Suppose 50% closes at +1R and the other 50% later closes at the original −1R stop. Gross R is 0.5 × 1 + 0.5 × −1 = 0R. With $100 original risk and $2 total costs, the net outcome is −$2, or −0.02R.
If the stop moved, a gap occurred, or actual fills differed from the plan, record those actual exits. A plan that touched a target visually does not establish the price or quantity that executed.
Know what an arithmetic model leaves out.
The calculator assumes the entered exits happened. It does not model spreads, changing position sizes, financing, latency, available liquidity, or the order of prices inside a candle. Your actual costs can be different from the illustrative $2.
EntryBench Replay has explicit conservative rules for its generated candles: the stop resolves before targets on an ambiguous candle, target gaps use planned limits, and adverse stop gaps use the opening price. Historical strategy results in another platform can use different assumptions.
R-multiples make results easier to compare. They do not make a small or biased sample reliable, and they do not establish future profitability.
Keep the review reproducible.
- 01
Save the original plan
Record the instrument, direction, entry, original risk, and target allocation before interpreting the result.
- 02
Record what actually happened
Keep executed exits and total costs distinct from planned targets. For a manually logged trade, enter actual average exit and net result.
- 03
Preserve the source
Label actual trading, historical backtesting, and synthetic practice separately. Keep Demo and Live journals separate when comparing outcomes.
Start with your own process.
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