Ultimate RR Toolkit
- Indicators
-
Paul Kimathi Muthee
Creating trading tools isn’t just a job for me—it’s a passion.
I turn original ideas into precise MQL5 indicators and Expert Advisors.
I believe a great indicator/EA should do the heavy lifting for you. - Version: 2.1
Description:
Ultimate RR Toolkit is a professional risk-to-reward (R:R) visualization and position sizing tool for MetaTrader 5. It allows traders to plan trades directly on the chart with full control over entry, stop loss, and take profit levels while automatically calculating lot size, pip distance, and risk-to-reward ratio based on a predefined risk amount.
This tool is designed for traders who value precision and clarity in trade planning. It provides an interactive on-chart interface with draggable lines, color-coded profit/loss zones, and quick-access buttons for creating, locking, and deleting trade setups.
Key Features:
- Interactive on-chart R:R tool for both long and short setups
- Automatic lot size calculation based on risk amount and stop loss distance
- Real-time display of pip distance, lot size, and R:R ratio
- Color-coded profit and loss zones for instant visual clarity
- Quick-access buttons for:
- LONG / SHORT trade direction
- LOCK / UNLOCK to prevent accidental changes
- + TOOL to add multiple independent setups
- DELETE to remove the last selected setup
- Supports multiple simultaneous R:R tools on the same chart
- Works on all symbols and timeframes
- Clean, lightweight, and non-repainting
How It Works:
- Set the desired risk amount, stop loss, and take profit distances in the input parameters.
- Use the on-chart buttons to choose trade direction (LONG or SHORT).
- Click + TOOL to create a new R:R setup.
- Drag the entry, stop loss, or take profit lines to adjust levels.
- The indicator automatically updates pip distances, lot size, and R:R ratio in real time.
- Use LOCK to freeze all tools or DELETE to remove the last interacted setup.
Inputs:
Parameter | Description | Default |
|---|---|---|
Risk Amount | Fixed monetary risk per trade | 50.0 |
Stop Loss (pips) | Initial stop loss distance | 100 |
Take Profit (pips) | Initial take profit distance | 300 |
Profit Zone Color | Color of profit area | C'0,150,136' |
Loss Zone Color | Color of loss area | C'255,82,82' |
Use Cases:
- Manual trade planning and visualization
- Risk management and position sizing
- Strategy testing and trade journaling
- Multi-setup comparison on a single chart
Compatibility:
- Platform: MetaTrader 5
- Works with all brokers and instruments (Forex, Indices, Commodities, Crypto)
- Supports all timeframes
