MT5 Risk Reward Calculator Indicator - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resources

The “R/R Ratio Calculator” indicator, or Risk to Reward Calculator, is a tool designed to create Take Profit and Stop Loss levels on a chart and check the risk to reward ratio for each trade.

This MT5 Risk Management Indicator includes a panel for management levels and a movable box to display Take Profit , Entry Point and Stop Loss levels. There are two methods for creating these levels: moving the line or specifying a pip amount .

Risk/Reward Calculator Indicator Spec Sheet

The main specifications of this indicator are shown in the table below:

Indicator Overview

Main features and functions Risk Reward Ratio Calculator indicator management panel are as follows:

• Shows the time remaining until the next bar is formed (Time to the next bar)
• Create stop loss entering pip values
• Allow take profit level (TP) to be set

Buy Trade Scenario

Analysis based on Gold against US Dollar (XAU/USD) chart on a 4 hour timeframe , the Stop Loss is set at 30 pips , and the Take Profit is defined as two levels in the admin panel.

Using these settings, the indicator calculates the risk to reward ratio (R/R) and visually displays the range on the Take Profit (TP) and Stop Loss (SL) chart.

Note : You can use the TradingFinder pip calculator tool to calculate pip sizes and stop losses.

Sell ​​Trade Scenario

As shown below (GBP/USD currency pair chart) , the indicator calculates Take Profit (TP) based on a specified Stop Loss (in pips) and displays the Risk-Reward (R/R) as a box on the chart.

Indicator Settings

Detailed inspection of the "R/R" indicator management panel is based on the following figure:

• Light/Dark: theme of profit and stop loss boxes;
• Time to the next bar: The remaining time until the current bar closes;
• Levels: Define multiple take-profit levels;
• SL Pips: Set Stop Loss in pips;
• Buy: Configure take profit and stop loss for buy transactions;
• Sell: Configure take profit and stop loss for selling transactions;
• Delete: Remove elements;
• Horizontal: Switch the indication panel direction between horizontal and vertical;
• Rate TXT: Display the take profit level as a percentage or "TP1, TP2...".

Conclusion

The Risk/Reward Calculator indicator (R/R Ratio Calculator) is a tool for setting Take Profit and Stop Loss levels on a chart and calculating the R/R ratio .

This MT5 Money Management indicator automatically calculates the Risk Reward Ratio using data entered by the trader (based on their trading strategy) . It visually displays the "Take Profit" and "Stop Loss" levels directly in boxes on the chart.