• Overview
  • Reviews (20)
  • Comments (124)
  • What's new

Risk Reward Ratio Indicator

This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel.

  • If you want to place orders easier, faster and more intuitive?
  • If you like to mark trade entry and exit points on charts?
  • If you need to control the risk of each forex transaction?
  • If you want to save your time for manual calculations of position size, risk to reward ratio, amount of loss and profit in account currency?

This tool is suitable for you!

Forex Risk Reward Ratio Indicator for MetaTrader platform makes your trading easy and professional. It performs all necessary calcualtions for you and allow to control your trades. Thanks to this you can make decisions about trades faster and more consciously. This indicator save your time. Trade like a pro with the best fx tools.

Using risk/reward ratio in trading

Using the Risk Reward Ratio for the MetaTrader platform, you will be able to estimate the risk of each transaction opened on the forex market. Thanks to this forex tool, you can check the risk to reward ratio of each planned trade and exactly check the size of your potential profit and possible loss in the account currency.

Forex Lot Size Calculator

You can also use this indicator as a forex lot size calculator. In the indicator's parameters, set the maximum percentage of capital that you can lose on a single transaction. Then, move stop loss line on the chart to set trade exit level on the loss and indicator will automatically calculate the lot size. Thanks to this indicator you will never have to manually calculate lot size saving a lot of time. Using the Risk Reward Ratio Indicator, you will be aware of risks of forex trading and placing orders will be quick and easy.

How to use Risk Reward Ratio Indicator

Step 1: Draw lines

  • click the draw button (with pencil) and then click on the chart where you want to place the „Open” line.

Step 2: Move lines

  • double click on lines and move them to specified levels where you planned to open order and set stop loss and take profit.

Step 3: Adjust lot size

  • set lot size in panel and read what is your stop loss and take profit value in account currency
  • if FixedRisk = true, then the indicator will calculate the lot size automatically depending on the selected risk (the AllowedRiskPercent parameter) and stop loss distance.

Step 4: Place order

  • run RRR_SendPendingOrder or RRR_SendOrder script to place/open order (all scripts are available to download in "Comments" tab).

Step 5: Clear lines

  • click button clear (with rubber) to remove lines from chart.

Indicator’s parameters

  • Risk Reward Ratio – fixed or default Risk Reward Ratio. If you push „R:R” button on panel, than indicator will keep lines’ distance with selected ratio.
  • AllowedRiskPercent – acceptable risk of single transaction according to account balance (allowed values from 0.1 to 100).
  • Lot Calc. Type – lot calculation method:
    • Disabled - no lot calculation
    • Cash Amount - stop loss value as fixed cash amount set in "Cash Amount"
    • Risk Balance - stop loss value as % (defined in "AllowedRiskPercent") of account balance
    • Risk Equity - stop loss value as % (defined in "AllowedRiskPercent") of account equity
  • Cash Amount - stop loss value as fixed cash amount in account currency
  • AcceptableRiskColor – font color of risk % if it is smaller or equal than acceptable risk (set by AllowedRiskPercent param)
  • UnacceptableRiskColor – font color of risk% if it is greater than than acceptable risk (set by AllowedRiskPercent param)
  • Prefix & Suffix - sometimes indicator must read price of other symbol to properly calculate current pair or CFD profit and loss in currency. In some cases, pairs have additional prefix and/or suffix, e.g. “EURUSD.Pro”. In this case you should write “. Pro” into suffix field.
  • LineStyle – select line style from list (solid, dash, dot, etc.)
  • LineColor – line color
  • TextColor – label text color
  • HorizontalAlign – panel can be horizontally aligned to left/right border or center.
  • YDistance – distance in px from top.
  • PanelFontColor – panel text color
  • CFDCurrency – symbol of quotation currency for CFD symbols needs to proper computations of profit and loss in currency
Lamplighter0055 2018.12.06 16:51 

Incredibly useful tool/indicator for seeing on chart monetary risk in terms of percentage and also values at modelled stop loss and take profit levels. One time purchase is also better value than other 'subscription' based RR indicators. Works on all currency pairs and instruments available in MT4/5. Great time saver and highly recommended. The developer went over and beyond in reconfiguring the executable to be able to work on my particular Mac based virtual machine version of MT4. Exceptional.

Amadeus 2018.11.20 10:56 

if you''re a serious trader then this indicator must in your list . Recommended !

forix7 2018.10.30 02:10 

Simply the best Risk Reward indicator I have used, author also updates it and adds good features

bharatw 2018.10.23 20:30 

Very happy with the indicator. It does the job of what is says and does it rather efficiently. I have requested a feature for the ability to add comments automatically when sending market or pending orders. Developer is looking into it. No regrets on this purchase.

TMath123 2018.10.04 16:32 

Great tool I'd advise anyone looking to better their trading to buy. I Have only used it for a brief time but already I can see it being massively beneficial to improving the trades I take, and mitigating high risk trades. Something I have already learnt from this tool is the fact that although a trade with high reward may seem better on the surface, it is a lot better to take a trade with low risk, and add to the lot size. 10/10

Karabo Ntate
Karabo Ntate 2018.10.04 07:34   

I have been using this tool for almost a year now, I haven't experienced any technical errors and it has made it easy for me in terms of allocating my risk. I recommend it 100%.

Lasplanis4 2018.08.29 00:12 

After I have been using your product from my demo account, congratulation for such a wonderful product, you did a wonderful job. It help us to stay focus and more importantly, we know exactly how much we are risking and how much we are looking to get out of it. I am sure, if your product was not good, you would have received a number of criticism for it, but because it is not a deceiving product, you ought to be congratulated for it. Again, even I had paid for your product, I don't think that I can thanks you enough for this wonderful product, keep it up, thanks.

jaythetrader69 2018.08.25 19:17 

I've tried many risk management tools and this one has to be king! Highly recommended!

twoolf 2018.08.06 18:56   

Great tool, has everything I need. Especially being able to use money based risk is very useful to me. You can quickly set TP SL and enter trades with the scripts. Have not seen anything that offers it this compact!

kevinleadbetter 2018.07.23 23:33 

excellent tool. massive help when taking trades. couldn't trade forex without it.

Stanley Nliam
Stanley Nliam 2018.06.27 00:14 

Amazing indicator. super superb!!!

Vdubus Channel
Vdubus Channel 2018.05.21 18:33 

Awesome. Perfect tool to work out risk/reward. Note. If you have a p for pro next to your currency pair ( EURUSDp ) Go to setting and put a ' p ' in the Suffix box

Daniel 2018.03.23 09:29 

Nice Job lets see.

Xunxun Liu
Xunxun Liu 2017.10.30 14:36 

Wonderful tool! It's very useful for the followers of price-action strategy, and save our time. supporting is timely and helpful.

Totoma 2017.08.20 21:32 

Yes, thats it! Works great. Never calculate the size again. Thanks!!!

realdough 2017.08.07 12:24   

I am trying to activate this tool in my metatrader4 with no success. Please help.

lexx1980 2017.04.18 11:35 

Great tool! Simple, easy to use yet very helpful.

Support responds to queries.

Would recommend.

khaled75 2016.08.19 10:38 

I have been using this tool for the last couple of weeks and I had to leave a review. It does exactly what it says on the tin and is an extremely useful tool for quickly calculating your positions based on your risk. In addition to it being a great tool, the support is also excellent based on the one time I needed to contact the developer. Thumbs up from me!

kanibus 2016.03.16 18:10 

Exelent stuff! I always kept losing my money due to bad MM. I am not really good to calculate RRR. This tool is fantastic, does the job for me. Manual beautifully explained. Worth the money.

fxice 2015.06.18 12:03 

An extremely useful tool for quickly calculating risk reward ratios and the appropriate lot size risked as a percentage of your account. Before I was manually trying to calculate the lot size to keep my trades at 1.5% of my account. Now this calculates it for me instantly. Highly recommended!

Version 4.4 2018.12.06
- symbol prefix & suffix autodetection (as an option)
- solve issue with symbols chars encoding for Mac computers.
Version 4.3 2018.10.29
- new option to keep fixed risk reward ratio.
Version 4.1 2018.07.31
- new options for lot calculations
Version 4.0 2018.04.10
- new feature to set fixed stop loss and take profit levels
- slimmed panel
- possibility to hide or show panel
Version 3.2 2015.08.28
Adjusted pip value computation for some brokers.
Version 3.1 2015.06.17
- auto adjust indicator's lines to current price on every tick
- automatic lots calculation based on fixed risk % and stop loss distance
Version 3.0 2015.02.16
- possibility of placing Risk Reward Ratio lines on existing order with StopLoss and TakeProfit (auto adjust)
- possiblity of changing the indicator's panel location
Version 2.0 2014.10.20
- Estimate stop and target distance in account currency.
- Calculate a percentage of account risk.