Take Profit & Stop Loss Calculator Indicator for MT4 Download [TFlab]

The Take Profit & Stop Loss Calculator Indicator for MetaTrader 4 is a practical risk management tool that helps traders calculate and display profit and loss for every trade in real time. By adding a dedicated calculator box to the chart, it provides instant insights into trade management and exit planning.

🔑 Key Features

• 📈 Create Take Profit (TP) and Stop Loss (SL) levels for Buy & Sell trades
• 📊 Determine trade volume in lots with accuracy
• ⚖️ Display the Risk-to-Reward (R/R) ratio dynamically
• ⏳ Show the time left to the next candle (bar countdown)

📋 Specifications

• Category: Money Management, Trading Assist, Risk Management (MT4)
• Platform: MetaTrader 4
• Skill Level: Elementary
• Timeframes: Multi-Timeframe
• Trading Styles: Scalping, Intraday, Swing Trading
• Markets Supported: Forex, Crypto, Stocks, Indices, Commodities, Share Stocks

🔎 How It Works

The indicator plots three clear levels on the chart:

• Gray Line → Open Position
• Green Line → Take Profit (TP)
• Red Line → Stop Loss (SL)

These levels can be adjusted manually by dragging the lines, or automatically by entering the desired R/R ratio in the calculator box.

📈 Buy Example

On a USD/CAD H1 chart, TP is placed above the entry while SL is positioned below. The box displays trade volume, R/R ratio, and candle countdown—helping traders manage risk efficiently in an uptrend.

📉 Sell Example

On an ETH/USD M30 chart, TP appears below the entry while SL is set above. The calculator instantly updates, reflecting the trade’s volume, R/R, and time-to-next-bar—ideal for spotting reversal zones in a downtrend.

⚙️ Settings Panel

• 🌙 Light/Dark Mode – customize chart theme
• ⏱ Time to Next Bar – candle close timer
• 🟢 Buy / 🔴 Sell Controls – quick setup for positions
• ❌ Delete Option – remove TP/SL lines instantly
• 📐 R/R Rate – adjust risk-to-reward ratio
• 📦 Lot Rate – manually define trade volume

✅ Conclusion

The TP & SL Calculator Indicator for MT4 simplifies trade management by combining visual clarity with precise calculations. Whether used for forex, crypto, commodities, indices, or stocks, it ensures traders can set profit targets and protective stops with confidence—making it an essential tool for structured and disciplined trading.