Risk Reward Ratio Forex Indicator for MT4 & MT5
- This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel.
- If you want to place orders easier, faster and more intuitive?
- If you like to mark trade entry and exit points on charts?
- If you need to control the risk of each forex transaction?
- If you want to save your time for manual calculations of position size, risk to reward ratio, amount of loss and profit in account currency?
- This tool is suitable for you!
- Forex Risk Reward Ratio Indicator for MetaTrader platform makes your trading easy and professional. It performs all necessary calcualtions for you and allow to control your trades. Thanks to this you can make decisions about trades faster and more consciously. This indicator save your time. Trade like a pro with the best fx tools.
- Using Risk:Reward ratio in trading
- Using the Risk Reward Ratio for the MetaTrader platform, you will be able to estimate the risk of each transaction opened on the forex market. Thanks to this forex tool, you can check the risk to reward ratio of each planned trade and exactly check the size of your potential profit and possible loss in the account currency.
- Forex Lot Size Calculator
- You can also use this indicator as a forex lot size calculator. In the indicator's parameters, set the maximum percentage of capital that you can lose on a single transaction. Then, move stop loss line on the chart to set trade exit level on the loss and indicator will automatically calculate the lot size. Thanks to this indicator you will never have to manually calculate lot size saving a lot of time. Using the Risk Reward Ratio Indicator, you will be aware of risks of forex trading and placing orders will be quick and easy.
- How to use Risk Reward Ratio forex tool
- Using Risk Reward Ratio indicator, you can simply control your current orders and future orders by setting Stop Loss and Take Profit in appropriate distance to open price.
- To draw Open, Stop and Target lines, you should click on Draw RiskRewardRatio button and than click on chart in place where you want to place Open line. Each line you can select by double clicking and move in any direction. When you are moving lines, indicator constantly updating values at lines.
- You can also put indicators line on opened position or placed pending order to read its risk to reward ratio.
- Indicator is available in two versions, for MetaTrader 4 and for MetaTrader 5:
- You can also check demo version for EURUSD pair:
- There are available scripts allowing placing orders:
|Risk Reward Ratio Pending Order Sender - MT4|
|Script to place pending orders based on Risk Reward Ration indicator lines - version for MetaTrader4.||DOWNLOAD|
|Risk Reward Ratio Order Sender - MT4|
|Script to open market orders with stop loss and take profit distance set by Risk Reward Ratio indicator lines - version for MetaTrader4.||DOWNLOAD|
|Risk Reward Ratio Pending Order Sender - MT5|
|Script to place pending orders based on Risk Reward Ration indicator lines - version for MetaTrader5.||DOWNLOAD|
|Detailed user guide for Risk Reward Ratio Indicator||DOWNLOAD|