![Risk Reward Indicator for MetaTrader 5 Download - Free – [TradingFinder]](https://cdn.tradingfinder.com/image/272976/4-55-en-risk-reward-mt5-1.webp)
![Risk Reward Indicator for MetaTrader 5 Download - Free – [TradingFinder] 1](https://cdn.tradingfinder.com/image/272972/4-55-en-risk-reward-mt5-2.webp)
![Risk Reward Indicator for MetaTrader 5 Download - Free – [TradingFinder] 2](https://cdn.tradingfinder.com/image/272971/4-55-en-risk-reward-mt5-3.webp)
![Risk Reward Indicator for MetaTrader 5 Download - Free – [TradingFinder] 3](https://cdn.tradingfinder.com/image/272978/4-55-en-risk-reward-mt5-4.webp)
The Risk Reward Indicator calculates the Risk to Reward Ratio (RRR) and displays the exact numeric value directly on the chart.
The RR tool, as one of the risk management MetaTrader 5 indicators, displays the Risk-Reward Ratio (RRR) in the top left corner of the chart.
Additionally, it uses three horizontal lines on the chart to mark the key trading levels, including the Take Profit, Stop Loss, and Entry Price.
Risk Reward Indicator Specifications
The table below presents the key features of the Risk Reward Indicator:
Category | Trading Tool - Capital Management - Risk Management |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Indicator Type | Risk & Capital Management |
Timeframe | Multi-Timeframe |
Trading Style | Day Trading |
Market | Cryptocurrency - Forex - Stocks |
Bullish Market Scenario
In the USD/CAD currency pair, if a trader enters a Buy position at 1.43553, sets the Take Profit at 1.44000, and places the Stop Loss at 1.43397, the Risk to Reward Ratio (RRR) would be 1:3.
Bearish Market Scenario
In the AUD/CHF currency pair during a downtrend, if a trader enters a Sell position at 0.56460, places the Stop Loss at 0.56516, and sets the Take Profit at 0.56265, the RRR would be 1:3.
This value is automatically calculated and displayed on the left side of the chart by the indicator.
Risk Reward Indicator Settings
The settings section of this Money management MT5 indicator can be seen in the image below:
- Entry Line move with price: Adjusts the entry point with live price movements
- Display corner: Sets where the RRR is displayed on the chart
- Font size: Adjusts the text size
- Label color: Changes the color of the labels
- SL color: Sets the color for Stop Loss
- TP color: Sets the color for Take Profit
- EP color: Sets the color for Entry Price
- Line width: Adjusts the thickness of the horizontal lines
- Line style: Allows customization of the line styles
- Line label font size: Sets the font size for line labels
Conclusion
The Risk Reward Indicator provides advanced features for precise trade analysis, enabling traders to customize the display of Entry Points, Take Profit, and Stop Loss.
It serves as an effective tool for calculating the Risk to Reward Ratio (RRR) and optimizing trade strategies.
What is the Risk Reward Indicator and how does it work?
The Risk Reward Indicator in MetaTrader 5 calculates the Risk to Reward Ratio and highlights key trading levels, including the Entry Price, Take Profit, and Stop Loss.
Can this indicator be used across all timeframes?
Yes, the Risk Reward Indicator is a multi-timeframe tool, allowing it to be used on any timeframe, including daily charts.