Risk Reward Ratio Calculator Indicator for MT5 [TFlab]
$7.00 CAD
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The R/R Ratio Calculator MT5 (Risk/Reward Ratio Calculator) is a powerful MT5 indicator built for traders who want accurate Stop Loss (SL) and Take Profit (TP) placement while instantly checking their tradeโs risk-to-reward ratio. With its intuitive design, it ensures better money management and disciplined trading.
This tool comes with a management panel and a movable chart box that display the entry point, TP, and SL. Traders can set levels in two ways: by dragging the lines directly on the chart or by entering a specific pip value. This flexibility makes it suitable for scalpers, day traders, and swing traders alike.
? Specifications
Category: Money Management, Trading Assist, Risk Management (MT5)
Platform: MetaTrader 5
Skill Level: Beginner-Friendly
Timeframes: Multi-timeframe
Trading Styles: Scalping, Day Trading, Swing Trading
Markets: Forex, Crypto, Stocks, Commodities, Indices, Shares
Main Features
? Countdown to the next candle close.
? Set Stop Loss in pips.
? Define one or multiple Take Profit levels.
? Works for both Buy and Sell trades.
? Customizable light/dark theme.
? Switch panel orientation (horizontal/vertical).
? Display TP levels as percentages or as TP1, TP2, etc.
Trade Scenarios
Buy Example (XAU/USD, 4H): With SL set at 30 pips and TP at two levels, the indicator automatically calculates and shows the R/R ratio on the chart.
Sell Example (GBP/USD): SL is defined in pips, and TP levels are generated accordingly. The R/R box clearly visualizes the trade setup.
Panel Options
Levels: Add multiple TPs.
SL Pips: Enter SL size.
Buy/Sell Tabs: Configure for trade direction.
Delete: Remove selected levels.
Rate TXT: Choose between % or TP labels.
Conclusion
The Risk/Reward Ratio Calculator Indicator is an essential tool for any trader aiming for consistent, controlled, and profitable trading. By automatically calculating and displaying SL and TP zones with their R/R ratio, it helps traders stick to their strategies and avoid emotional decisions.
? For greater precision, combine it with the TradingFinder Pip Calculator for exact pip value calculations.