MT4 Risk Reward and Last Order Indicator Download - Free - [TF Lab] - MetaTrader 4 Resources

The Risk-to-Reward Ratio with Last Order (RRO) indicator is a practical and professional tool for traders who want to accurately calculate the risk-to-reward ratio on the Meta Trader 4 (MT4) platform.

The RRO Indicator measures the ratio of the stop loss to the entry point. It combines it with take profit , automatically calculates the risk reward ratio and displays it in the upper left corner of the chart. This trading tool allows traders to better manage their trades and make more informed decisions regarding risk and reward.

Indicator Table

Buy Trade

In the 1-minute Ethereum chart, when trading with pending orders, take profit and stop loss are set, the RRO Indicator helps traders accurately observe the risk-to-reward ratio. This Metatrader4 Trading Assistant Indicator displays the risk-to-reward ratio in the upper left corner of the chart, helping traders make better profit-taking and risk management decisions.

Sell ​​Trade

In the 30-minute Solana chart, a pending order price is set at 132.67 , a stop loss set at 134.57 , a take profit set at 120.09 , the risk-to-reward ratio with the Last Order (RRO) indicator displays an R/R of 1:6.62 . By carefully examining the risk-reward ratio, traders can better manage their trading strategies, make more accurate money management decisions, and improve trading profitability.

Indicator settings (RRO)

Display Setting: Display settings

• Theme: Indicator theme

Order Setting: Order settings

• Magic Number: Switch special indicator settings
• Magic Number Value: Only orders with the specified magic number will be considered
• Comment: Toggle comment settings
• Comment Value: Only orders with the specified comment will be considered

Box Setting: Indicator box setting

• Corners of the box: Set the position of the box
• X coordinate: Set the X-axis position (in pixels)
• Y coordinate: Set the Y axis position (in pixels)
• X width: Set the width of the frame line
• Y height: Set the height of the box
• Font of Text: Set the font type
• Font size of the Text: Set the font size
• Text Color: Set the text color
• Background color: Set the background color of the Box
• Border Color: Set the border color of the Box
• Want to have a Box in the background: Set the Box as a background element

Conclusion

The Risk to Reward with Last Order (RRR with Last Order) indicator is a useful tool for traders who wish to measure the risk to reward ratio of a trade on a chart. This MetaTrader4 money management indicator provides an accurate risk-reward ratio, helping traders better manage trading risks and make more informed decisions. This RRO Indicator also allows users to monitor their trading strategies more efficiently and make better decisions to take profit and stop loss .