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

The Take Profit & Stop Loss Calculator Indicator for MetaTrader 5 is a powerful tool built to make risk and capital management simple, visual, and efficient. By drawing TP (Take Profit) and SL (Stop Loss) levels directly on your chart, it gives you full control over trade exits while showing key metrics like lot size, risk-to-reward ratio, and candle countdown in real time.

✨ Key Functions

• 🎯 Set TP & SL for Buy and Sell trades

• 📊 Display lot size for accurate position management

• ⚖️ Show Risk-to-Reward (R/R) ratio dynamically

• ⏳ Track time to next candle with countdown

📌 Specifications

• Category: Money Management, Risk Management, Trading Assist (MT5)

• Platform: MetaTrader 5

• Skill Level: Beginner to Intermediate

• Timeframes: Multi-timeframe

• Trading Styles: Scalping, Day Trading, Swing Trading

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

🔎 How It Works

The indicator plots three simple lines:

• Gray Line → Entry price

• Green Line → Take Profit (TP)

• Red Line → Stop Loss (SL)

You can manually drag these lines to adjust levels or input an R/R ratio in the calculator panel for automatic placement.

📈 Example – Bullish Trade

On an NZD/USD M30 chart, TP is above the entry and SL below. The calculator instantly updates with lot size, R/R ratio, and candle countdown, giving a clear overview of the trade.

📉 Example – Bearish Trade

On a BNB/USD H1 chart, TP is set below the entry while SL sits above. The panel reflects the new trade setup immediately, showing all vital trade details.

⚙️ Settings Panel

• 🌙 Light/Dark Mode – choose your theme

• ⏱ Time to Next Bar – candle close countdown

• 🟢 Buy / 🔴 Sell Controls – quick TP/SL setup

• ❌ Delete Option – remove lines instantly

• 📐 R/R Rate – adjust risk-to-reward ratio

• 📦 Lot Size Input – define position volume

✅ Conclusion

The TP & SL Calculator Indicator for MT5 is an essential tool for traders who want clarity, discipline, and risk control in their strategies. It combines visual precision with automated calculations, making it suitable for forex, crypto, commodities, indices, and stocks.

Whether scalping fast moves or managing longer trades, this indicator ensures that your exits are always calculated, structured, and under control.