The Risk To Reward Forex calculator indicator for Metatrader 4 calculates and displays the risk to reward ratio taken for any buy/sell trade.
The vast majority of professional currency traders use a positive risk-to-reward ratio! For instance, risking 50 pips to gain 100 pips.
You will need to enter the desired stop loss and take profit level for it to display the risk-to-reward on the chart.
Use the indicator on any currency pair and time frame.
Feel free to experiment with the indicator’s different parameters and settings to suit your preferences.
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Risk To Reward Forex Calculator Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With Risk To Reward Forex Calculator Technical Analysis Chart Indicator
The indicator itself does not generate any Forex signals on the MT4 chart.
Combine with other technical indicators and/or price action strategies to built a complete Forex trading system.
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Mask orders, button corner, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: risk to reward calulator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.