R-Multiple
An R-multiple expresses a trade's result as a multiple of its initial risk: risking $200 and making $600 is +3R, losing the stop is −1R — the unit that makes trades of different sizes comparable and turns targets into reward-to-risk ratios.
What it means
R is the distance from entry to stop, measured in price, points or currency. Every outcome is then a multiple of R: a target twice as far as the stop is a 2R target; a loss at the stop is −1R; a partial exit at breakeven is 0R. Thinking in R detaches evaluation from position size and market — a +2R trade on gold and a +2R trade on BTC are the same trade.
R is the language of trade management: TP1 at 1R, TP2 at 2R, TP3 at 3R; move the stop to breakeven after 1R. The Neural Confluence Engine and SuperTrend Engine draw exactly these levels from their ATR stops, and Zeno's posted trades are reported in R terms.
Position size follows from R: shares or contracts = account risk ÷ (R in price × value per point). Fix the account risk per trade at 0.5–1%, and R does the rest.
How to identify it on a chart
- Set the stop first; the distance from entry to stop is 1R.
- Express every target as a multiple of that distance.
- Log outcomes in R; the average is your expectancy.
Worked example
Entry 64,500, stop 63,930 — R = 570 points. Targets at 65,070 (1R), 65,640 (2R) and 66,210 (3R). Risking $200 per trade, position size = 200 ÷ 570 ≈ 0.35 BTC-equivalent units.
See it on the chart, read it in depth
Frequently asked questions
What does 2R mean?
A profit equal to twice the initial risk; if the stop was 100 points away, 2R is 200 points of profit.
How much should 1R be in money?
A fixed fraction of the account — commonly 0.5% to 1% — so that a string of −1R losses is survivable.
Do partial exits change R?
Yes; a trade that takes half at 1R and half at 3R nets +2R, and moving the stop to breakeven caps the worst case at 0R after TP1.
Which indicators draw R levels?
The Neural Confluence Engine (three targets and a tiered trail) and the SuperTrend Engine (1R and 2R) draw them on every signal.
Related terms
See R-Multiple on your TradingView chart
Zeno reads Smart Money structure across timeframes and prints the entry, stop and targets — with a public record of every posted trade. The free indicators draw the concepts this page defines.