Take Profit & Stop Loss Calculator Indicator for MT5 Download [TFlab]

The Take Profit & Stop Loss (TP & SL) Calculator Indicator for MT5 is a practical risk and capital management tool designed to simplify trading decisions. With this indicator, traders can easily draw Take Profit (TP) and Stop Loss (SL) levels directly on the chart, making trade planning more structured and disciplined.

Key Features

This smart utility comes with a built-in calculator box that offers:

• 📌 Creation of TP & SL levels for both Buy and Sell trades
• 📌 Automatic calculation of trade volume (lot size)
• 📌 Display of Risk-to-Reward (R/R) ratio in real time
• 📌 Countdown showing time remaining until the next candle

📊 Specifications

• Category: Money Management, Risk Management, Trading Assist
• Platform: MetaTrader 5
• Skill Level: Beginner to Intermediate
• Timeframes: Multi-timeframe
• Trading Styles: Scalping, Intraday, Swing Trading
• Markets Supported: Forex, Crypto, Stocks, Commodities, Indices

How It Works

The indicator uses three simple lines on the chart:

• Gray Line: Entry (Open Position)
• Green Line: Take Profit target
• Red Line: Stop Loss protection

You can either drag these lines to set TP and SL manually or input a preferred R/R ratio into the calculator box for automatic level placement.

Example in an Uptrend

On an NZD/USD M30 chart, the entry (gray line) is drawn at the market price, with TP above and SL below. The calculator instantly shows the lot size, R/R ratio, and time left until the next bar, ensuring proper trade management.

Example in a Downtrend

On a BNB/USD H1 chart, the TP (green line) is placed below the entry, while the SL (red line) sits above. The indicator updates all trade details in real time, providing clarity for risk control in bearish conditions.

Settings & Customization

Inside the calculator box, traders can access several useful options:

• 🌗 Light/Dark Mode – adjust theme for chart visibility
• ⏳ Time to Next Bar – candle countdown timer
• 🟢 Buy / 🔴 Sell Controls – quick setup for positions
• ❌ Delete Option – instantly remove TP/SL lines
• ⚖️ R/R Rate – adjust risk-to-reward ratio manually
• 📈 Lot Size Input – define position size directl

Conclusion

The TP & SL Calculator Indicator for MT5 brings together visual clarity and precise trade management. It helps traders define protective and profit-taking levels quickly, while keeping essential metrics—like lot size, R/R ratio, and candle countdown—readily visible.

Whether trading forex, crypto, stocks, commodities, or indices, this indicator is a valuable tool for any trader who prioritizes risk control, structure, and efficiency.