Easy Reward to Risk (RRR) Indicator for MT5 Download – Free - [TradingFinder]

The Easy Reward to Risk indicator is a Trading Assist indicator designed for technical analysis. It helps calculate the profit-to-risk ratio in trades.

This indicator operates by displaying two distinct zones on the chart. The red zone defines the stop-loss range, while the green zone represents the take-profit range, indicating the potential gain if the trade succeeds.

Easy Reward to Risk RRR Specification Table

The table below outlines the key features of the Easy Reward to Risk RRR Indicator:

Uptrend Conditions

In the price chart for the Australian Dollar versus the Canadian Dollar (AUD/CAD) in a 5-minute timeframe, traders use price patterns and analytical techniques to identify entry points.

Using the Easy Reward to Risk Indicator, they can set take-profit (green zone) and stop-loss (red zone) levels without complex calculations.

Downtrend Conditions

In the price chart below for Ethereum (ETH/USD) in a 1-minute timeframe, traders identify short-term entry opportunities during a bearish market trend based on their trading strategy.

Indicator Settings

The image below shows the details of the Easy Reward to Risk RRR Indicator settings:

• Chart Theme: The chart theme.

Conclusion

The Easy Reward to Risk RRR Indicator is part of the MetaTrader 5 indicator suite and suits all trading styles, including scalping, day trading, and long-term investing.

It is widely applicable in markets like forex, stocks, and cryptocurrencies. By eliminating the need for manual calculations, this indicator saves analysis time.