Risk Reward Ratio with Last Order Indicator for MT4 Download - Free - [TF Lab]

The Risk-Reward Ratio with Last Order (RRO) Indicator is a practical and professional tool for traders who want to accurately calculate their risk-to-reward ratio on the Meta Trader 4 (MT4) platform. The RRO Indicator measures the stop loss ratio to the entry point. It compares it with the take profit, automatically calculating the risk-to-reward ratio and displaying it in the top left corner of the chart. This tool allows traders to better manage their trades and make smarter decisions regarding risk and reward.

Indicator Table

Buy Trade

In the 1-minute Ethereum chart, when a trade is made with a pending order and take profit and stop loss are set, the RRO Indicator helps traders to accurately observe the risk-to-reward ratio. This indicator displays the risk-to-reward ratio in the top left corner of the chart, aiding traders in better decision-making regarding profit-taking and risk management.

Sell Trade

In the 30-minute chart of Solana, with a pending order set at the price of 132.67, a stop loss set at 134.57, and a take profit set at 120.09, the Risk-Reward Ratio with Last Order (RRO) Indicator displays an R/R of 1:6.62. By carefully examining the risk-to-reward ratio, traders can better manage their trading strategies, make more precise decisions for capital management, and improve trading profitability.

Indicator Settings (RRO)

Display Setting: Display settings

• Theme: Indicator theme

Order Setting: Order settings

• Magic Number: Toggle special indicator settings
• Magic Number Value: Only considers orders with the specified Magic Number
• Comment: Toggle the comment setting
• Comment Value: Only considers orders with the specified comment

Box Setting: Indicator box settings

• The corner for the Box: Set the Box's position
• X coordinate: Set the X-axis position (in pixels)
• Y coordinate: Set the Y-axis position (in pixels)
• X width: Set the width of the box line
• Y height: Set the height of the Box
• Font of Text: Set the font type
• Font size of the Text: Set the font size
• Text Color: Set the text color
• Background color: Set the background color of the Box
• Border Color: Set the border color of the Box
• Want to have a Box in the background: Set the Box as a background element

Summary

The Risk-Reward Ratio with Last Order (RRR with Last Order) Indicator is a practical tool for traders looking to measure the risk-to-reward ratio in their trades on the chart. This indicator provides an accurate risk-to-reward ratio, helping traders manage their trading risk better and make more informed decisions. The RRO Indicator also allows users to monitor their trading strategies more effectively and make better decisions regarding take profit and stop loss.