Risk Reward Ratio Calculator Indicator for MT5 - Free - [TFlab]

The 📊 Risk/Reward Ratio Calculator Indicator for MetaTrader 5 is a professional tool designed to simplify trade planning and money management. It allows traders to place Take Profit (TP) and Stop Loss (SL) levels directly on the chart, while instantly displaying the ⚖️ Risk-to-Reward ratio (R/R) for any position.

With a built-in management panel and a movable info box, users can easily monitor TP, SL, and Entry prices. Levels can be adjusted by simply dragging the chart lines or by entering pip values manually, giving traders full flexibility and control.

✨ Specifications

📂 Category: Risk Management – Money Management – Trade Assist

💻 Platform: MetaTrader 5

🎯 User Level: Beginner to Professional

⏱️ Timeframes: All timeframes

📈 Trading Styles: Scalping, Intraday, Swing, Day Trading

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

🚀 Core Functions

⏳ Countdown to next candle (time to bar close).

🎯 Stop Loss defined by pips (SL Pips).

📌 Multiple Take Profit levels available.

🌗 Adjustable light/dark mode for visibility.

🔄 Panel orientation: horizontal or vertical.

📝 Custom labels for TP levels (percentage or TP1, TP2, TP3).

📊 Example Use Cases

Buy Position (Gold, 4H): SL at 30 pips with two TP targets → the indicator auto-calculates the R/R ratio and marks the ranges visually.

Sell Position (GBP/USD, 1H): TP levels calculated automatically from the SL distance → the ratio box is displayed at the entry point for clarity.

👉 Pro Tip: Combine with the TradingFinder Pip Calculator 🧮 for accurate pip and stop loss measurements.

⚙️ Customization Options

🌗 Switch between dark/light themes

⏳ Candle countdown display

🎯 SL Pips input field

📌 Multi-level TP setup

🔄 Independent Buy/Sell management

❌ One-click removal of lines/panels

📝 Choose between percentage or TP numbering

✅ Final Thoughts

The 📊 R/R Ratio Calculator Indicator (MT5) ensures traders stick to disciplined risk management by combining precise calculations with clear visual levels. Whether you trade Forex, Crypto, or Stocks, this tool streamlines trade planning and helps maintain consistency across all strategies.