Risk Reward Ratio Calculator Indicator for MT4 - [TFlab]

The 📊 Risk Reward Ratio Calculator Indicator on MT4 is a practical trading tool that lets you set Take Profit (TP) and Stop Loss (SL) levels with ease, while instantly calculating the ⚖️ Risk-to-Reward ratio (R/R) for every trade. It comes with a simple management panel where traders can define TP, SL, and R/R either by dragging levels on the chart or entering pip values manually.

When applied, the indicator draws 🟩 TP boxes (green) and 🟥 SL boxes (red) directly on the chart. These levels are fully adjustable, giving traders flexibility to plan their trades with precision across different strategies.

✨ Specifications

📂 Categories: Money Management, Trading Assist, Risk Management

💻 Platform: MetaTrader 4

🎯 Skill Level: Beginner

⏱️ Timeframes: Multi-timeframe

📈 Trading Styles: Scalping, Intraday, Swing

🌍 Instruments: Forex, Crypto, Stocks, Commodities, Indices, Shares

🚀 Core Features

⏳ Time to the next candle displayed on the panel.

🎯 Stop Loss defined in pips (SL Pips).

📌 Multi-level Take Profit setup.

🔄 Buy and Sell configuration tabs.

🌗 Light/Dark theme support.

↔️ Horizontal or vertical panel layout.

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

📊 Real-World Usage

Buy Trade (USD/CAD, 1H): SL = 30 pips, TP set in 5 levels → the indicator calculates and displays the R/R ratio automatically.

Sell Trade (LINK, 1H): In a downtrend, TP levels are calculated based on SL pips, with R/R displayed clearly at the entry point.

⚙️ Settings Snapshot

🌗 Theme Mode (Light/Dark)

⏳ Candle Timer (Time to next bar)

🎯 SL Pips input

📌 Multi-level TP setup

🔄 Trade management for Buy/Sell

❌ Remove all elements in one click

🔢 Custom display for TP targets

✅ Conclusion

The 📊 R/R Ratio Calculator Indicator for MT4 is an essential money management tool that simplifies the process of defining TP and SL while ensuring trades are backed by clear risk-to-reward analysis. By combining automatic R/R calculations with visual chart elements, it helps traders stay disciplined and consistent across all markets.