Risk Reward Ratio Calculator Indicator for MT4 - [TFlab]

Risk Reward Ratio Calculator Indicator for MT4

The Risk Reward Ratio Calculator Indicator is a powerful MT4 tool designed to help traders quickly set Take Profit (TP) and Stop Loss (SL) levels while automatically calculating the Risk-to-Reward ratio (R/R) for each trade.

With its intuitive management panel, traders can define TP, SL, and R/R values with ease. The indicator visually displays TP levels as green boxes and SL levels as red boxes directly on the chart. These boxes are fully adjustable — either manually or by entering the desired pip amount.

Key Specifications

Indicator Categories:

• Money Management MT4 Indicators
• Trading Assist MT4 Indicators
• Risk Management MT4 Indicators

Supported Platform:

• MetaTrader 4 (MT4)

Trading Skills:

• Suitable for beginners to advanced traders

Timeframes:

• Multi-Timeframe

Trading Styles:

• Intraday Trading
• Scalping
• Swing Trading

Supported Instruments:

• Forex Pairs
• Cryptocurrencies
• Commodities
• Stocks & Indices

Main Features

• Time to Next Bar: Displays countdown until the current candle closes
• SL Pips: Define Stop Loss in pips
• Multi-Level TP: Configure several take profit levels
• Buy/Sell Configuration: Independent TP/SL settings for long and short trades
• Light/Dark Theme: Adjust chart element visibility
• Panel Orientation: Horizontal or vertical layout
• Custom TP Labels: Display as percentage or TP1, TP2, etc.
• Quick Delete: Remove all indicator elements from the chart

Example Usage

Buy Trade Example – On the USD/CAD 1H chart, SL is set to 30 pips, with five TP levels defined. The indicator calculates the R/R for each TP and displays the green/red boxes accordingly.

Sell Trade Example – On the Chainlink (LINK) 1H chart, the indicator calculates TP based on SL (in pips) and shows the R/R ratio directly at the entry point.

💡 Tip: Use the TradingFinder Pip Calculator to determine pip size and optimal SL settings.

Conclusion

The Risk Reward Ratio Calculator Indicator for MT4 simplifies trade planning by automatically calculating the R/R ratio and visually displaying TP/SL levels on the chart. Whether you are scalping, day trading, or swing trading, this indicator helps ensure proper risk management, giving traders more confidence in their strategies.