Risk Reward Ratio Calculator Indicator for MT5 [TFlab]

The Risk/Reward Ratio Calculator MT5 (R/R Ratio Calculator) is an MT5 indicator developed to simplify trade management by creating Stop Loss (SL) and Take Profit (TP) levels directly on the chart. It instantly calculates the risk-to-reward ratio for each trade, allowing traders to manage positions with greater confidence.

The indicator includes a management panel and a movable display box showing entry, SL, and TP levels. Users can set these levels by either moving chart lines or entering a pip value, making it highly adaptable for different trading styles.

📊 Specifications

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

Key Features

• Countdown to next candle close (time to the next bar).
• Stop Loss defined in pips.
• Multiple Take Profit levels supported.
• Options for both buy and sell trades.
• Light/dark theme customization.
• Horizontal or vertical panel orientation.
• TP levels displayed as percentages or TP1, TP2, etc.

Trade Examples

• Buy Scenario (XAU/USD, 4H): With SL set to 30 pips and two TP levels, the indicator calculates and displays the R/R ratio directly on the chart.
• Sell Scenario (GBP/USD, 1H): SL defined in pips, with TP calculated accordingly. The R/R box provides a clear visual of the trade setup.

Indicator Panel Functions

• Levels: Add or edit multiple TP levels.
• SL Pips: Define stop loss size.
• Buy/Sell Tabs: Configure trades in both directions.
• Delete: Remove placed levels.
• Rate TXT: Customize TP display format.

Conclusion

The R/R Ratio Calculator Indicator for MT5 is a practical money management tool that helps traders stay consistent by automating the calculation of risk-to-reward ratios. By visualizing SL and TP levels in real time, it reduces errors and supports disciplined trading.

👉 For even more accuracy, traders can pair this tool with the TradingFinder Pip Calculator to refine pip-based calculations.