MT4 Take Profit and Stop Loss Calculator Indicator Download - Free - [TFlab] | Forex Indicator Download - MetaTrader 4 Resources

The Take Profit and Stop Loss Calculator indicator calculates and displays the profit and loss of each trade on the MetaTrader 4 platform.

This trading tool includes a dedicated box that provides trade management functions such as:

• Create take-profit and stop-loss elements for buy and sell positions;
• Determine the lot trading volume;
• Display risk-return (R/R) ratio;
• Shows the remaining time for the next candle (time to the next bar).

Take profit and stop loss calculator indicator specification table

The following table lists some specifications and characteristics of this indicator:

Indicator overview

The indicator's levels include the gray "Open Position" line, the green Take Profit (TP) line, and the red Stop Loss (SL) line.

Positions for take profit and stop loss can be determined by entering the R/R ratio in the indicator box or manually adjusting the lines.

Buy Position

A chart showing the USD/CAD currency pair on the 1 hour time frame illustrates the functionality of this indicator in a buy trade. In a buy trade, take profit is placed above the "open position" line and stop loss is placed below the "open position" line.

The indicator box also displays information such as risk-to-reward (R/R) ratio, determined trade volume, and risk-to-reward ratio. "Time to the next bar."

Sell ​​Position

According to the ETH/USD chart on the 30-minute time frame, in a sell trade, the Take Profit is below the Open Position line and the Stop Loss is above the Open Position line.

The indicator box also contains information such as the determined batch size and quantity. R/R ratio.

Indicator Settings

As shown, the indicator's calculator box contains the following contents:

• Light/Dark : The theme of adjusting the take-profit and stop-loss elements;
• Time to the next bar : The remaining time before the candle closes;
• Buy : Configure a buy position;
• Sell : Configure selling position;
• Delete : Delete the take profit line and stop loss line;
• R/R Rate : risk return ratio indicator;
• Lot Rate : Determine the position manually.

Conclusion

Take profit and stop loss calculator helps to calculate stop loss (SL) and take profit (TP) using line values ​​and providing information in separate boxes.

Take Profit and Stop Loss levels can be determined by manually moving the lines or entering the R/R ratio. Additionally, the trading tool can be used on all markets, including cryptocurrency , forex , commodities and stocks.