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

The Take Profit & Stop Loss Calculator Indicator for MetaTrader 5 is a smart risk management tool 🛡️ that helps traders plan and manage trades with precision. It allows you to set Take Profit (TP) 💹 and Stop Loss (SL) ❌ levels directly on the chart, providing clear visual guidance and improved trade control.

Key Features ✨

Create TP and SL levels for Buy 🟢 and Sell 🔴 positions

Automatically calculate trade volume 📊

Display Risk-to-Reward (R/R) ⚖️ ratio for each trade

Show time remaining ⏳ until the next candle

Specifications 📋

Category: Money Management, Trading Assist, Risk Management

Platform: MetaTrader 5

Skill Level: Beginner to Intermediate

Timeframe: Multi-Timeframe ⏰

Trading Style: Scalping, Day Trading, Swing Trading

Markets: Forex 🌍, Crypto ₿, Stocks 📈, Commodities 🛢️, Indices 🏦

How It Works 🔍

The indicator uses three key lines for clear trade visualization:

Gray ⚪: Entry point

Green 🟢: Take Profit

Red 🔴: Stop Loss

Traders can drag lines manually or input an R/R ratio ⚖️ in the calculator panel for automatic positioning.

Example – Bullish Trend 📈

On an NZD/USD 30-minute chart, the gray line marks the entry, green shows TP above, and red shows SL below. The calculator panel displays lot size 📊, R/R ratio ⚖️, and time ⏳ to the next candle.

Example – Bearish Trend 📉

On a BNB/USD 1-hour chart, the TP (green) is below the entry line and SL (red) is above, with the panel showing all trade details for clear risk management.

Settings ⚙️

Light/Dark Mode 🌗: Customize chart appearance

Time to Next Bar ⏳: Countdown to candle close

Buy 🟢 / Sell 🔴: Quick trade setup

Delete ❌: Remove TP/SL lines instantly

R/R Rate ⚖️: Set Risk-to-Reward ratio

Lot Rate 📊: Specify trade volume

Conclusion ✅

The Take Profit & Stop Loss Calculator Indicator combines visual clarity with essential trade metrics, making it easy to manage risk and optimize entries and exits. Perfect for Forex 🌍, Crypto ₿, Stocks 📈, Commodities 🛢️, and Indices 🏦, this tool is a must-have for any trader looking to trade smarter.