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- Risk Reward Ratio with Last Order Indicator for MT5 Download - Free - [Trading Finder]
Risk Reward Ratio with Last Order Indicator for MT5 Download - Free - [Trading Finder]
The Risk-Reward Ratio with Last Order (RRO) Indicator is a crucial tool for traders who want to calculate and analyze the risk-to-reward ratio for their orders on the Meta Trader 5 (MT5) platform. The RRO Indicator calculates the risk-to-reward (R/R) ratio by measuring the stop loss and take profit about the entry point and displays the result clearly in the top left corner of the chart.
RRO Indicator Table
Category | Risk Management - Money management - Trading assist |
Platform | Meta Trader 5 |
Skill Level | Beginner |
Indicator Type | Entry - Exit |
Timeframe | Multi-timeframe |
Trading Style | All trading styles |
Trading Markets | Forex - Commodities - Indices |
Buy Trade
In the 1-minute chart of the NZD/CHF currency pair, with a buy trade placed at 0.52076, a stop loss set at 0.52036, and a take profit set at 0.52167, the Risk-Reward Ratio with Last Order (RRO) Indicator displays a risk-to-reward ratio of 1:2.28 in the top left corner of the chart.
Sell Trade
In the 5-minute chart of Bitcoin (Bitcoin), with a sell trade placed at 54885.33, a stop loss set at 54988.59, and a take profit set at 54663.32, the Risk-Reward Ratio with Last Order (RRO) Indicator displays a risk-to-reward ratio of 1:2.15 in the top left corner of the chart.
Indicator Settings
Display Setting: Indicator display settings
- Theme: Choose the indicator theme
Order Setting: Indicator order settings
- Magic Number: Toggle unique 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 Box in 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 who want to accurately measure the risk-to-reward ratio of their last trade. This indicator provides visual customization with two different themes, Light and Dark, along with various customization settings, enhancing the visual appeal of the chart. These features allow traders to perform more accurate analysis and have a better and more customized experience when viewing charts.
What is the "Risk-Reward Ratio with Last Order" Indicator?
The Risk-Reward Ratio with Last Order Indicator is an analytical tool that helps traders evaluate the Risk-Reward Ratio (RRR) for their trades and identify entry and exit points based on the last orders.
What are the benefits of using the Risk-Reward Ratio with Last Order Indicator?
This indicator allows you to evaluate the risk-to-reward ratio more precisely and use it to optimize your trading strategies. It also helps you identify better trading opportunities.