Take Profit & Stop Loss Calculator Indicator for MT4 Download - Free - [TFlab]

The Take Profit & Stop Loss Calculator Indicator calculates and displays each trade's profit and loss for the MetaTrader 4 platform.

This indicator includes a dedicated box offering features for trade management, such as:

• Creating take profit and stop loss elements for buy and sell positions;
• Determining trade volume in lots;
• Displaying the Risk to Reward (R/R) ratio;
• Showing the time remaining for the next candle (Time to the next bar).

Specifications Table for the TP & SL Calculator Indicator

Below is a table of some specifications and features of the indicator:

Buy Position

A chart showing the USD/CAD currency pair in the 1-hour timeframe illustrates the indicator's functionality in buy trades. In buy trades, the take profit is positioned above, and the stop loss is below the "Open Position" line.

The indicator box also displays information such as the Risk to Reward (R/R) ratio, the determined volume, and the "Time to the next bar."

Sell Position

Based on the ETH/USD chart in the 30-minute timeframe, in sell trades, the take profit is positioned below and the stop loss above the "Open Position" line.

Theindicator box also contains information such as the determined volume in lots and the R/R ratio.

Indicator Settings

According to the image, the indicator's calculator box includes the following:

• Light/Dark: Adjusting the theme for the take profit and stop loss elements;
• Time to the next bar: Time remaining until the candle closes;
• Buy: Configuring buy positions;
• Sell: Configuring sell positions;
• Delete: Removing take profit and stop loss lines;
• R/R Rate: Risk to Reward ratio indicator;
• Lot Rate: Manually determining position volume.

Conclusion

The Take Profit & Stop Loss Calculator facilitates the calculation of stop loss (SL) and take profit (TP) values using lines and providing information in a separate box.

The take profit and stop loss levels can be determined by manually moving the lines or entering the R/R ratio.