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

The Take Profit & Stop Loss Calculator Indicator in MT4 is a practical trading tool for MetaTrader 4 that simplifies risk and trade management by automatically calculating potential profit and loss for each trade.

📌 Key Features

• Create and manage take profit (TP) and stop loss (SL) levels for buy and sell trades

• Calculate trade volume in lots with precision

• Display the Risk-to-Reward (R/R) ratio directly on the chart

• Show the time remaining for the next candlestick (Time to Next Bar)

📊 Specifications

• Categories: Money Management, Risk Management, Trading Assist MT4 Indicators

• Platform: MetaTrader 4

• Skill Level: Beginner-friendly

• Timeframe: Multi-timeframe support

• Trading Style: Intraday, Scalping, Swing Trading

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

📈 How It Works in Buy Trades

On a USD/CAD 1-hour chart, the indicator places the TP line above and the SL line below the entry price. The calculator box also shows the R/R ratio, lot size, and time left for the next bar—giving traders clarity before executing buy positions.

📉 How It Works in Sell Trades

In a bearish setup, such as the ETH/USD 30-minute chart, the TP line is below and the SL line above the entry point. The indicator box continues to display critical trade info, including volume in lots and the R/R ratio, ensuring accurate sell-side positioning.

⚙️ Settings Panel Options

• Light/Dark mode for customizable appearance

• R/R Ratio input for auto-calculation of TP & SL

• Lot Size adjustment for manual position sizing

• Buy/Sell buttons for configuring trades

• Delete function to remove TP & SL lines

• Time to Next Bar countdown for candlestick closure

✅ Conclusion
The TP & SL Calculator Indicator is a must-have for traders looking to streamline risk management. Whether in forex, crypto, commodities, indices, or stocks, this indicator makes it easy to set precise take profit and stop loss levels while monitoring trade metrics in real time.