Risk Reward Ratio Indicator MT4/MT5

The new version of Forex Risk Reward Ratio Indicator for Metatrader 4 & Metatrader 5 has just been published.

Version 4.1 contains 3 types of lot calculations:

1. Cash Amount
2. Risk Balance
3. Risk Equity

The new version 4.1 of Forex Risk Reward Ratio Indicator contains 3 methods for lot size calculation:

1. Risk Balance - with this type, you can define in indicator's param max allowed risk % per trade (param "AllowedRiskPercent") and program calculate lot size based on stop loss distance and % of account balance.
2. Risk Equity - this method works the same way as "Risk Balance", with the difference that the percentage size of the loss is depends on equity.
3. Cash Amount - with this option, you can define fixed value of stop loss in the account currency (param "Cash Amount"), and indicator will be automatically calculating lot size when you will be changing stop loss distance by moving lines on chart.

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

Testing the new version of Forex Risk Reward Ratio Indicator for MT4 & MT5 with fixed R:R option. It will be published soon.

The new version of Forex Tool Risk Reward Ratio for MT4 & MT5 has just been published.

In the version 4.3 of indicator was added button "R:R" on panel. If this button is pressed, than indicator is keeping fixed risk to reward ratio. If user is moving stop level line, than indicator is automatically moving target level to keep fixed (defined in indicator's params) risk to reward ratio. The same if user is moving take profit line.

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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
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Very useful

Check the "Fixed Risk:Reward" function of the Forex Risk Reward Ratio Indicator for MT4 & MT5.
See on this video: https://youtu.be/Dowhc7CablY how the indicator is keeping a constant R:R ratio when SL / TP is moving.

There is an available update of Forex Risk Reward Ratio Indicator (version 4.5). The last update contains:

1. additional params to define panel font size
2. adaptation of calculations to bitcoin account

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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
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Up to 5 activations and free updates for Forex Indicator Risk Reward Ratio MT4 and MT5

Hi,
i have this error message when try to execute the scripts in demo account.

Turn on AutoTrading in MT4 terminal.

Knowledge of the risk reward indicator and its use in the broader context of money management is the basis for the long-term success of the trader. Each time you find an interesting setup on the chart and point out potential exit levels for the transaction, you need to calculate trade's risk / reward ratio. It is not worth opening trades when the risk is too high for potential profit.

Many winning traders have a system accuracy below 50%, but carefully considering any trading opportunity and make action only with high risk to reward ratio are able to be profitable in the long term. A very important element is also the calculate of lot size to your account balance to survive a series of losses. The combination of money management with a high risk / reward ratio will ensure trading profit in the long term.

What is the best risk rewad ratio? Generally, good practice is to use risk reward ratio as high as it possible, but higher risk reward ratio cause lower probability of hit take profit and higher probability of hit stop loss and this decrease trading system efficiency. Risk reward ratio must be fitting to trading strategy and trading style. Certainly, Risk Reward Ratio Indicator is a basic element of each winning forex trading strategy.

Risk Reward Ratio is one of the basic elements of money management, but many people don't know how to use it properly. Not talking about risk reward ratio tool for mt4/mt5 but using just risk reward ratio in trading.

Many traders point target and stop levels with fixed RR, but SL/TP should be marked after chart analysis and in the next step compute risk reward ratio for this trade, to decide if it is worth taking the risk and open this transaction, or wait for a better opportunity.

So make steps in the right order:

1. Point out place where you plan to open trade.
2. Select level where you anticipate price will not come (stop loss)
3. Select level where you anticipate price should come (take profit)
4. Compute risk reward ratio
5. Decide if it is good opportunity to trade or no.

If you add to risk reward ratio good position size calculation based on risk % of account balance (to keep stable low risk per trade) than your depo will survive even a series of lossy transactions.

All necessary calculations will do for you Risk Reward Ratio Indicator MT4/MT5 (https://www.investsoft.eu/risk-reward-ratio-tool.html) or a more advanced tool like EA Trade Manager MT4/MT5 (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html) with more functionality and easy placing orders using buttons located on the EA panel (no need to use scripts).

https://www.youtube.com/watch?v=-OBT7FLBAvA

Hi,

Thank you for the indicator. It is working great. I have one question.

Is it possible to edit the text above the Entry price line? and the positioning?

ZenLiu

Hi

I don't see such option in indicator's settings, but ask an author via webpage https://www.investsoft.eu/contact.

Hi. Thank you for the tip