Risk Reward Ratio Calculator Indicator for MT4 [TFlab]

The 📊 Risk Reward Ratio Calculator Indicator for MT4 is a smart trading tool that helps you easily set Take Profit (TP) and Stop Loss (SL) levels while automatically calculating the ⚖️ Risk-to-Reward ratio (R/R) for every trade. With its user-friendly management panel, traders can define TP, SL, and R/R in just a few clicks.

On the chart, the indicator displays 🟥 Stop Loss (red boxes) and 🟩 Take Profit (green boxes) that can be adjusted by dragging or by entering pip values manually. This flexibility makes it suitable for all trading styles and strategies.

✨ Specifications

• 📂 Categories: Money Management, Trading Assist, Risk Management

• 💻 Platform: MetaTrader 4

• 🎯 Skill Level: Beginner-friendly

• ⏱️ Timeframes: Multi-timeframe

• 📈 Trading Styles: Intraday, Scalping, Swing Trading

• 🌍 Markets: Forex, Crypto, Stocks, Commodities, Indices, Shares

🚀 Key Features

• ⏳ Countdown timer until the next candle close.

• 🎯 Stop loss setting in pips (SL Pips).

• 📌 Multi-level take profit setup.

• 🔄 Buy/Sell configuration.

• 🌗 Light/Dark theme mode.

• ↔️ Horizontal or vertical panel orientation.

• 🔢 TP levels displayed as percentages or TP1, TP2, TP3, etc.

📊 Example Scenarios

• Buy Trade (USD/CAD, H1): SL = 30 pips, TP = 5 levels → The indicator calculates and displays the R/R ratio directly on the chart.

• Sell Trade (LINK, H1): In a downtrend, TP levels are auto-calculated from SL pips, and the R/R ratio is shown in a box aligned with the entry point.

⚙️ Settings Overview

• 🌗 Light/Dark Theme – Adjust chart visibility.

• 🎯 SL Pips – Set stop loss manually in pips.

• 📌 Levels – Define multiple take profit targets.

• 🔄 Buy/Sell Tabs – Configure directions.

• ❌ Delete – Remove all TP/SL lines.

• 🔢 Rate TXT – Customize TP display (percentages or TP labels).

✅ Conclusion

The 📊 Risk Reward Ratio Calculator Indicator for MT4 is an essential risk management assistant. By automatically calculating and displaying R/R ratios, it ensures consistency and discipline in trading decisions across multiple markets.

👉 Pro Tip: Use it alongside the TradingFinder Pip Calculator Tool 🧮 for precise pip and SL size calculations.