Multi Risk Manager Pro: How to Use the Risk-to-Reward Box in MetaTrader 5 / 4

Multi Risk Manager Pro: How to Use the Risk-to-Reward Box in MetaTrader 5 / 4

Planning a trade before entering the market can help traders understand the relationship between entry price, potential loss, and potential profit.

Instead of placing an order first and adjusting its levels afterward, traders can prepare a complete trade plan directly on the chart.

Multi Risk Manager Pro by Mqlexp includes a visual Risk-to-Reward (R) Box that lets you configure entry, Stop Loss, and Take Profit levels while viewing the estimated risk, reward, lot size, and margin information.

In this tutorial, we will explain how the R Box works, how to adjust its levels, and how to configure its appearance in MetaTrader 5 / 4.

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MT4 : . . .

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1. What Is the Risk-to-Reward Box?

The Risk-to-Reward Box is a visual trade-planning tool displayed directly on the chart.

It represents the planned trade using separate zones:

• Red zone: The planned Stop Loss area.

• Green zone: The planned Take Profit area.

• Entry level: The intended entry price.

• Price tags: Prices, distances, and monetary values associated with the relevant levels.

• Summary information: Trade direction, order type, lot size, risk, reward, and R ratio.

As you move the entry, Stop Loss, or Take Profit levels, the panel updates the corresponding trade calculations.

This lets you review the proposed trade before submitting the order.

2. How to Display the R Box

Multi Risk Manager Pro supports two main chart-planning styles:

Box mode: Displays the colored risk and reward zones.

Line mode: Displays horizontal trade levels and their labels without the full colored boxes.

The box is enabled by default according to the supplied settings reference.

To customize it, open:

Setup → R:R Box

The box setting controls whether the colored risk/reward boxes are displayed. You can also use the BOX/LINE control to switch between the two presentation styles.

Line mode can be useful if you prefer a less crowded chart or want to concentrate on individual trade levels.

3. Adjust the Entry, Stop Loss, and Take Profit

The main advantage of the R Box is that you can modify the trade plan visually.

Move the entry

Drag the entry level to the desired price.

The EA updates the displayed calculations as the planned entry changes.

Dragging the entry level, or moving the whole box vertically, can also turn the setup into a pending-order configuration.

Move the Stop Loss

Drag the Stop Loss edge to the price where you want the trade's protective level.

Moving the Stop Loss changes the distance between entry and the planned loss level. This can affect the estimated monetary risk and calculated lot size.

If you drag the Stop Loss across the entry level, the planned trade direction changes between BUY and SELL.

Always check the trade direction after moving levels.

Move the Take Profit

Drag a Take Profit edge to set the intended target price.

The EA recalculates the corresponding reward and risk-to-reward information.

Remember that a target price is a planning level, not a guarantee that the market will reach it.

Fine adjustments

For more precise movement, hold Ctrl while dragging. The documented behavior reduces the movement speed to one-quarter of the normal rate.

If you want to recenter the levels around the current price, use RESET LINES or the documented shortcut Shift+R.

4. Understanding the Risk-to-Reward Ratio

The risk-to-reward ratio compares the planned potential reward with the planned potential loss.

For example, assume a BUY setup has:

• Entry price: 1.1000

• Stop Loss: 1.0950

• Take Profit: 1.1100

The planned price risk is 50 pips, while the planned price reward is 100 pips.

The ratio is:

R = 100 ÷ 50 = 2.0

This is commonly described as a 1:2 risk-to-reward ratio: the planned reward is twice the planned risk.

If the Take Profit is moved closer while the Stop Loss remains unchanged, the ratio decreases. If the target is moved farther away, the ratio increases.

A higher R ratio does not automatically make a trade better. The probability of reaching the target, trading costs, market conditions, and the quality of the trading setup also matter.

5. Displayed Monetary Risk and Reward

The R:R Box is designed to show more than price distances.

Depending on the enabled display options, the box can show:

• Estimated monetary risk

• Estimated monetary reward

• Risk as a percentage of balance

• Distance to entry and exit levels

• R:R values

• Current price information

• A summary of the selected trade plan

These values help you compare alternative Stop Loss and Take Profit placements before execution.

The monetary calculations depend on the symbol's contract specifications, the selected lot-sizing method, commission settings, and available account or currency-conversion information.

Actual execution results may differ because of spread, slippage, gaps, commissions, and other trading conditions.

6. Configure the Box Appearance

Open Setup → R:R Box to customize the visual presentation.

The supplied Settings Reference documents the following options.

Box colours

The Box style setting selects one of four styles:

• Soft

• Classic

• Mono

• Neon

Choose a style that remains easy to read against your chart background.

Colour strength

The bxopac setting controls colour strength.

The documented default is 30%, with a configurable range from 10% to 80%.

A lower value produces a less visually dominant box, while a higher value makes the coloured zones more prominent.

Box width

The boxbars setting controls the box width in chart bars.

The documented default is 30 bars, with a range from 3 to 2,000 bars.

A shorter width keeps the display compact. A wider box can make the planned trade easier to view across a larger section of the chart.

Font size

The boxfont setting controls the font size used by the box and chart lines.

The documented default is 0, which uses the panel's font size. The available range is 0–16.

Text inside the zones

The bxtexts option controls the informational text displayed inside the coloured areas.

Turning this off can simplify the chart when you prefer to see only the zones and level labels.

Price tags

The bxprices option controls the price tags shown at the edges of the box.

The bxdist option controls the display of distances in pips within the tags.

These options are useful when you want to compare the exact prices and distances associated with the planned trade.

Current-price line for pending orders

The bxnow option controls the current-price line in the pending-order box display.

This can help distinguish the current market price from the planned entry level.

Additional management information

The bxexsum option controls the summary of break-even, trailing-stop, and partial-close settings.

The bxexlines option controls the display of related break-even, trailing, and partial-management lines.

These settings help you decide how much management information should be visible while planning a trade.

Distance units

The showpips option controls whether distances are displayed in pips.

Remember that the relationship between points and pips can differ across instruments and broker quote formats. Check the displayed units for the symbol you are trading.

7. Configure Stop Loss Distance

The EA provides different ways to establish the default Stop Loss distance.

According to the technical documentation, the available methods include:

Points: Uses a specified distance in points. The documented default is 300 points.

ATR: Uses the Average True Range of the last closed bar multiplied by a configurable factor. The documented defaults are the current chart timeframe, period 14, and multiplier 1.5.

Percentage of price: Uses a configured percentage of the price. The documented default is 0.5%.

A minimum-distance setting can establish a floor for these methods.

These defaults are starting values, not recommendations for every symbol or strategy. A distance suitable for one instrument may be unsuitable for another.

If the required ATR data is not ready, the documentation states that the calculation falls back to the points-based setting.

When planning a trade, check the actual Stop Loss level shown on the chart rather than assuming that the default distance is appropriate.

8. Plan Multiple Take Profit Levels

The R Box supports up to five Take Profit levels.

You can choose the number of levels using the TPC control or the documented Shift+T shortcut.

Take Profit distances can be configured using R values or a percentage-of-price method.

The documented default final R is 2.0. The R adjustment buttons change the value in increments of 0.25 and redistribute the intermediate levels toward the final target.

For staged exits, the supplied settings reference documents these default volume shares for the first four levels:

• TP1: 50%

• TP2: 25%

• TP3: 15%

• TP4: 5%

• TP5: The remaining volume

These percentages are configurable. The actual allocation can also be affected by the broker's minimum volume and volume-step requirements.

If an allocation is too small to execute as a separate partial close, the EA may merge it with a neighboring allocation or mark that level as skipped.

Before sending a trade, confirm that the planned partial volumes are valid for the symbol and account.

9. Use More Than One Stop Level

The EA also supports up to three Stop Loss levels through its SLC control.

The documented default structure includes:

• SL1 at 50% of the full Stop Loss distance, closing 50% of the original volume

• SL2 at 75% of the full Stop Loss distance, closing 25%

• The final Stop Loss closing the remaining volume

These levels can be configured according to the intended trade plan.

Important distinction: The broker holds the final Stop Loss. Intermediate partial-stop actions are handled by the EA while it is running.

This means the terminal must remain operational for EA-managed partial stops to execute. These levels should not be treated as equivalent to separate broker-held Stop Loss orders.

The lot calculation also considers the combined planned loss across the staged stop levels. As a result, the calculated lot can differ from a setup using only one Stop Loss at the same nominal risk percentage.

10. Lock the Risk-to-Reward Ratio

Multi Risk Manager Pro includes a LOCK R:R control.

When the lock is disabled, Take Profit levels remain at their selected prices. If the entry or Stop Loss changes, the effective R:R can change.

When the lock is enabled, the Take Profit levels preserve their configured R values as the trade plan is adjusted.

Dragging a Take Profit level while the lock is active updates its R value.

This option is useful when you want to adjust a trade's structure while maintaining specific target ratios.

It does not guarantee that the market will reach any of the targets.

11. Send the Prepared Trade

The EA's documented workflow lets you prepare the trade on the chart before submitting it.

In EXECUTE mode:

1. Draw or adjust the R:R Box or lines.

2. Select BUY or SELL to choose the trade direction.

3. Review the entry, Stop Loss, Take Profit levels, lot size, risk, reward, and margin.

4. Confirm the proposed trade.

5. Press EXECUTE to send the configured order.

In this mode, BUY and SELL select the direction rather than immediately sending the order.

Without the box or lines, the BUY and SELL controls can submit orders directly using the configured default Stop Loss.

The exact order type and available execution options depend on the selected setup and broker support.

Always review the final order confirmation before sending a trade.

12. Remove the Lines After Execution

The hideafter setting controls whether the planning lines are removed after an order is sent.

The documented default is enabled.

If you prefer to keep the chart cleaner after execution, leave this option enabled. If you want to retain the planning levels for visual reference, review the available setting and choose the behavior that fits your workflow.

Do not assume that removing a planning line cancels or changes an already-open position. Chart-planning objects and live position-management levels serve different purposes.

13. A Practical Pre-Trade Checklist

Before executing a trade with the R Box, review the following:

1. Confirm whether the setup is a BUY or SELL.

2. Check the entry price and order type.

3. Verify the Stop Loss distance.

4. Review the calculated lot size and estimated monetary risk.

5. Check the planned Take Profit levels and R:R ratio.

6. Confirm any staged partial exits and their volume allocations.

7. Review the commission, margin, and symbol trading constraints.

8. Make sure the planned risk fits your own trading rules.

9. Read the final order confirmation carefully.

10. Test the workflow on a demo account before using it live.

Conclusion

The Risk-to-Reward Box in Multi Risk Manager Pro provides a visual way to prepare and review trades directly on a MetaTrader 5 / 4 chart.

By combining draggable entry and exit levels with estimated risk, reward, lot size, and margin information, it helps traders inspect the structure of a planned order before execution.

Its styling options, multiple Take Profit levels, staged Stop Loss management, and R:R locking provide additional flexibility for different workflows.

However, the box is a planning and execution tool, not a trading signal or a guarantee of results. Actual performance depends on the trading strategy, market conditions, broker execution, and the user's configuration.

Risk disclosure: Trading leveraged financial instruments involves substantial risk. Always test the EA and its relevant features in a demo environment before relying on them in live trading.