Risk to Reward Ratio (Multiple Orders) Indicator for MT5 Download - Free - [TFLab]

The Risk to Reward Ratio Indicator is a tool in MetaTrader 5 that can automatically measure the risk-to-reward ratio in trades and show it to traders. This indicator is handy for traders who have multiple buy and sell orders open simultaneously, as it can provide the risk-to-reward ratio for these trades to manage risk and capital better.

This tool displays the trades' ratio (R/R) in a box in the corner of the screen.

Indicator Table

Overview

One of the reasons for the failure of most traders in financial markets is the need for knowledge and management of risk and capital. Using various tools can increase their chances of success.

The Risk to Reward Ratio Indicator is one such tool that calculates and measures the take profit and stop-loss levels relative to the entry point, displaying the risk-to-reward ratio of trades. This helps traders better manage risk and capital for their trades.

Risk to Reward Ratio in Buy Trades

In the image below, you see the GBP/USD currency pair chart in a 30-minute timeframe. A buy trade is created for 1.3114. The distance from the stop loss to the entry point is 20 pips, and the distance from the take profit to the entry point is 80 pips.

Therefore, the indicator automatically calculates the risk-to-reward ratio and displays a ratio of 1 to 4, meaning that the trader expects a profit of $80 for a $20 risk in this buy trade.

Risk to Reward Ratio in Sell Trades

In the image below, you see the EUR/USD currency pair chart in a 1-hour timeframe. A sell trade is created for 1.1069. The distance from the stop loss to the entry point is 25 pips, and the distance from the take profit to the entry point is 50 pips.

Therefore, the indicator automatically calculates the risk-to-reward ratio and displays a ratio of 1 to 2, meaning that the trader expects a profit of $40 for a $20 risk.

Indicator Settings

Display Setting

• Theme: Customize chart theme to either light or dark
• Order Setting
• Symbol mode: Select just one symbol for use on a single trading symbol
• Use magic number: Set false to disable magic number usage
• The magic number value: Input the value for the magic number
• Use comment: Create a comment for the magic number
• The comment value: Set the value for the comment

Box Setting

• The corner for the box: Display the box in the bottom left corner
• X coordinate: Set the horizontal distance to 10
• Y coordinate: Set the vertical distance to 35
• X width: Set the box width to 80
• Y height: Set the box height to 80
• Font of Text: Set the font of the text inside the box
• Font size of the Text: Set the text size
• Text Color: Set the text color to black
• Background color: Set the background color to white
• BorderColor: Set the border color to blue
• Want to have Box in background: Set to false to avoid displaying the box in the foreground

Summary

Different risk-to-reward ratios are defined in various trading systems and strategies. Traders must carefully choose their trading strategy so that the result of their trades, which stems from their risk and capital management, can keep their account's profit positive. This indicator can be helpful for all trading strategies and is essential for all traders.