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-   -   Risk Reward Ratio Indicator MT4/MT5 (https://www.forexfactory.com/showthread.php?t=605577)

InvestSoft Sep 5, 2016 8:39am | Post# 1

Risk Reward Ratio Indicator MT4/MT5
 
2 Attachment(s)
Risk Reward Ratio Indicator

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Investment in the capital markets is risky. Some of transactions are closing with loss, so very important thing is to controlling risk. There are many tools for risk controlling. One of them is Risk Reward Ratio indicator.

It is used by many investors to compare the expected returns of an investment to the amount of risk undertaken to capture these returns. This ratio is calculated mathematically by dividing the amount he or she stands to lose if the price moves in the unexpected direction (i.e. the risk) by the amount of profit the trader expects to have made when the position is closed (i.e. the reward).

Using this indicator, you can check, how much you are risk relative to the profit you can get. If you are always place orders in market with Risk Reward Ration higher than 2 than if you have min. 50% of accurate orders, than your account balance will systematically grow.

For example:
For 10 transactions, we have 5 profitable transaction and 5 lossy transactions (50% of efficiency).

If we set Risk Reward Ratio = 2, in this 10 transactions, we will loss e.g. $250 ($50 per trade) and we will earn $500 ($100 per trade), so our account will increase by $250.

If we set Risk Reward Ration = 3, in this 10 transactions, we will loss e.g. $500 ($100 per trade) and we will earn $1500 ($300 per trade), so our account will increase by $1000.

How to use Risk Reward Ratio Indicator

Using Risk Reward Ratio indicator, you can simply control your current orders and future orders by setting Stop Loss and Take Profit in appropriate distance to open price.

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To draw Open, Stop and Target lines, you should click on Draw RiskRewardRatio button and than click on chart in place where you want to place Open line. Each line you can select by double clicking and move in any direction.

You can also put indicators line on opened position or placed pending order. If this orders have set stop loss and take profit than you should click Draw RiskRewardRatio button on indiciators panel and click on chart near orders open price:

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If you want to remove lines, click Clear button.

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Demo version is available here:
for MT4: https://www.mql5.com/en/market/product/6307
for MT5: https://www.mql5.com/en/market/product/8004

Full version is available here:
for MT4: https://www.mql5.com/en/market/product/5388
for MT5: https://www.mql5.com/en/market/product/8003

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InvestSoft Sep 12, 2016 12:41pm | Post# 2

2 Attachment(s)
Scripts for MT4 sending orders with Stop Loss & Take Profit defined by Risk Reward Ratio Indicator.
RRR_SendPendingOrder.ex4
RRR_SendOrder.ex4

InvestSoft Sep 12, 2016 2:04pm | Post# 3

1 Attachment(s)
Script for MT5 sending pending orders with Stop Loss & Take Profit defined by Risk Reward Ratio Indicator.
RRR_SendPendingOrder.ex5

InvestSoft Sep 23, 2016 7:24am | Post# 4

3 Attachment(s)
How to use Risk Reward Ratio Indicator for money management.

You could use this indicator for orders lot calculations based on fixed risk, account balance and size of stop loss.

1. Go to Indicators params and set:

  1. AllowedRiskPercent amount of account balance (in percent) risked per trade
  2. FixedRisk = true

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2. Put Risk Reward Ratio Lines on chart:

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3. Move Stop Loss Line and observe how indicator updates lots:

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ezytrade Nov 29, 2016 8:09pm | Post# 5

Is that an indicator or an EA - doesnt seem to work the attached files

InvestSoft Jan 10, 2017 9:06am | Post# 6

Is that an indicator or an EA - doesnt seem to work the attached files
Attached files (scripts) work only with indicator.

In first step you must download indicator from this links:

Demo version (free):
for MT4: https://www.mql5.com/en/market/product/6307
for MT5: https://www.mql5.com/en/market/product/8004

Full version (paid):
for MT4: https://www.mql5.com/en/market/product/5388
for MT5: https://www.mql5.com/en/market/product/8003

When you run indicator, you must draw RRR lines on chart and than you can run attached scripts to place orders.

Ad91 Jan 27, 2017 9:45am | Post# 7

1 Attachment(s)
Hi,

I am looking for a risk/reward ratio as the one below

As you can see the it highlight the profit in green and loss in red. It also provides the percentage and pips. This is a very easy and quickly to draw on the chart just need to find it and attach it onto MT4.
Click to Enlarge

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InvestSoft Jan 30, 2017 3:56am | Post# 8

Hi Ad91,

My indicator is very similar to your attached indicator. At the begining I was going to make also highlighted profit and loss area, but I gave up this because MQL4 have some limitations and have no sense to worsen performance for better look.

In Risk Reward Ratio Indicator for MT4/MT5 you will find all necessary functions to plan your every new trade before you will open it.

Ad91 Jan 30, 2017 9:14am | Post# 9

Hi Investsoft,

Would it be possible to send over the RRR so I can attach it onto mt4 or can you please help me locate it?.

InvestSoft Jan 30, 2017 11:11am | Post# 10

Hi Investsoft, Would it be possible to send over the RRR so I can attach it onto mt4 or can you please help me locate it?.
If you have installed MT4 than open this page:

https://www.mql5.com/en/market/product/6307

click "Download" button and follow the instructions.
This is demo version works only on EURUSD but you can test it.

InvestSoft Feb 25, 2017 4:28am | Post# 11

User manual for Risk Reward Ratio Indicator in PDF is available on our webpage http://www.investsoft.eu

lanzu May 26, 2017 7:21am | Post# 12

Wanna make trading enjoyable then u should definately should use this staff. Its simply great, easy and simple to calculate the risk reward ratio.

I am using it from last 6month and trading calculation is much easier now. In past I used to calculate those in Excel Sheet. But now no need Excel I can easily calculate those from my chart Live.

Et2017 Nov 12, 2017 1:57pm | Post# 13

Hi InvestSoft,
I wanted to try your indicator but because I'm running MT4 on a Mac (via Playonmac) the download from Mql5.com doesn't work. Neither can I download it directly from MT4..... is there any other option to get the indi (demo version first, bacause also here not all indicators are running flawlessly)
Thanks a lot.

Ligio Dec 6, 2017 7:18am | Post# 14

1 Attachment(s)
hi, great indicator, im using my own indicator free using fibo tool, it simple but i like that the indi show me the lot size for my own risk, its posible with ur indicator?

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InvestSoft Dec 12, 2017 10:33am | Post# 15

Hi InvestSoft, I wanted to try your indicator but because I'm running MT4 on a Mac (via Playonmac) the download from Mql5.com doesn't work. Neither can I download it directly from MT4..... is there any other option to get the indi (demo version first, bacause also here not all indicators are running flawlessly) Thanks a lot.
hi Et2017,

We are able to provide you our Risk Reward Ratio Indicator for Mac. Please visit our webpage http://www.investsoft.eu, find contact form and ask for demo version for Mac.

Best Regards,
InvestSoft

InvestSoft Dec 12, 2017 12:06pm | Post# 16

1 Attachment(s)
hi, great indicator, im using my own indicator free using fibo tool, it simple but i like that the indi show me the lot size for my own risk, its posible with ur indicator? {image}
You can use standard MetaTrader fibo tool to simply calculate Risk Reward Ratio but in our product you will find more useful features:
- calculation Stop Loss and Take Profit values in account currency
- Risk % calculation per trade based on current account Balance and stop loss distance
- Lot Calculation

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See more here:
Inserted Video

InvestSoft Apr 10, 2018 4:01pm | Post# 17

The new version (4.00) of Forex Risk Reward Ratio Indicator with new design and new features is now available:

Demo version:
for MT4: https://www.mql5.com/en/market/product/6307
for MT5: https://www.mql5.com/en/market/product/8004

Full version:
for MT4: https://www.mql5.com/en/market/product/5388
for MT5: https://www.mql5.com/en/market/product/8003

More information soon.

InvestSoft Apr 20, 2018 12:49pm | Post# 18

1 Attachment(s)
The new version of Forex Risk Reward Ratio Indicator has a new slimmed panel. All buttons have icons, so it takes up less space. The panel can be hidden.

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InvestSoft Apr 27, 2018 3:30pm | Post# 19

All Forex Risk Reward Ratio Indicator ver. 4.00 function you can see at this new movie:

Inserted Video


This program will help you placing visual orders in MetaTrader 4/5 platform. You can use this tool as forex pips calculator, so you will never have to manually calculate order lots saving a lot of time. Opening orders will be quick and easy.

Demo version:
for MT4: https://www.mql5.com/en/market/product/6307
for MT5: https://www.mql5.com/en/market/product/8004

Full version:
for MT4: https://www.mql5.com/en/market/product/5388
for MT5: https://www.mql5.com/en/market/product/8003

InvestSoft Jul 26, 2018 1:02pm | Post# 20

The new version (4.1) of Forex Risk Reward Ratio Indicator with advanced lot calculation options will be published soon.


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