Risk Reward Ratio Calculator Indicator for MT5 - Free

The "R/R Ratio Calculator" indicator, or Risk Reward Ratio Calculator, is a tool designed to create Take Profit and Stop Loss levels on the chart and check each trade's risk reward ratio.

USD $0,00

Buy Now

Specification Table of Risk/Reward Ratio Calculator Indicator

Key specifications of the indicator are outlined in the following table:

Indicator Categories:	Money Management MT5 Indicators Trading Assist MT5 Indicators Risk Management MT5 Indicators
Platforms:	MetaTrader 5 Indicators
Trading Skills:	Elementary
Timeframe:	Multi-Timeframe MT5 Indicators
Trading Style:	Swing Trading MT5 Indicators Scalper MT5 Indicators Day Trading MT5 Indicators
Trading Instruments:	Forex MT5 Indicators Crypto MT5 Indicators Stock MT5 Indicators Commodity MT5 Indicators Indices MT5 Indicators Share Stock MT5 Indicators

Indicator Overview

The main features and functionalities of the Risk Reward Ratio Calculator Indicator’s management panel are as follows:

Displays the remaining time until the next bar forms (Time to the next bar)
Creates Stop Loss by entering pip values
Allows Take Profit levels (TP) to be set

Buy Trade Scenario

Based on the analysis of the gold to US dollar (XAU/USD) chart on a 4 hour timeframe, the Stop Loss is set at 30 pips, and the Take Profit in the management panel is defined at two levels.

Using these settings, the indicator calculates the Risk Reward Ratio (R/R) and visually displays the Take Profit (TP) and Stop Loss (SL) ranges on the chart.

Note: You can use TradingFinder pip calculator tool to calculate pip size and stop loss.

Take Profit and Stop Loss levels in buy trades — Review the Risk/Reward Ratio Calculator Indicator on the Gold to US Dollar Chart “MT5”

Sell Trade Scenario

As shown in the image below (GBP/USD pair chart), the indicator calculates the Take Profit (TP) based on the specified Stop Loss (in pips) and displays the Risk Reward Ratio (R/R) as a box on the chart.

Take Profit and Stop Loss levels in sell trades — Review of the Risk/Reward Ratio Calculator Indicator on the GBP/USD Chart “MT5”

Indicator Settings

A detailed examination of the “R/R” indicator’s management panel based on the following image:

Elements of the calculator box in the — Features of the management panel of the “R/R” indicator

Light/Dark: Theme for the Take Profit and Stop Loss box;
Time to the next bar: Time remaining until the current bar closes;
Levels: Define multiple Take Profit levels;
SL Pips: Set Stop Loss in pips;
Buy: Configure Take Profit and Stop Loss for buy trades;
Sell: Configure Take Profit and Stop Loss for sell trades;
Delete: Remove elements;
Horizontal: Switch the indicator panel orientation between horizontal and vertical;
Rate TXT: Display Take Profit levels as percentages or “TP1, TP2, …”.

Conclusion

The Risk/Reward Ratio Calculator Indicator (R/R Ratio Calculator) is a tool for setting Take Profit and Stop Loss levels on charts and calculating the R/R ratio.

This MT5 money management indicator automatically calculates the Risk Reward Ratio using the data entered by the trader (based on their trading strategy). It visually displays the “Take Profit” and “Stop Loss” levels in a box directly on the chart.

Related Products

Dual Structural Trendline Fib Channel Free Download

Dual Structural Trendline Fib Channel is a structural analysis indicator that automatically constructs dual trendline channels using pivot-based slope logic.

Wedge Pattern [InfinityAlgo] Free Download

Wedge Pattern is a chart overlay that detects rising and falling wedge formations using strict pivot based rules and a validation engine that enforces classic technical analysis requirements. The script builds two trendlines from confirmed pivot highs and pivot lows

Volatility Aggregation Model Tradingview

Volatility Aggregation Model (VAM) is a very simple overlay indicator that classifies market direction using a five-speed ensemble of volatility-adaptive range engines. Instead of relying on a single trend filter, VAM evaluates direction across multiple responsiveness settings and converts those states into a normalized score

Quantum Emperor MT4 Free Download

Introducing Quantum Emperor EA, the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years.

CyNera MT4 Free Download

Trading gold, one of the most volatile instruments in the market, demands precision, in-depth analysis, and strong risk management. CyNera Expert Advisor seamlessly integrates these elements into a sophisticated system designed for optimal gold trading.