Bought the wrong version, I'm stupid. Seller refuses to help me switch.
EDIT: Everything is fixed and it seemed to be a misunderstanding if I activated the product or not, anyway the indicator is awesome for risk management!
Risk Reward Ratio
This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel.
| Risk Reward Ratio Indicator works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc. If you want to make sure that Risk Reward Ratio Indicator works on your favorite symbols contact us and ask for 7-day free trial to test this tool without limits. |
- 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!
Risk Reward Ratio 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, 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)
- Risk Font Size - font size of risk text
- 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.
- Autodetect - turn on/off prefix & suffix autodetection
- 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.
Video
Reviews 10
Karl Holmström
2020.11.08 04:46
#
Pieter Maritz
2020.09.14 11:13
#
Very good and help full Indicator! Very good after sales service. A lots of thanks to Janusz Trojca for helping me so much!
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Key features Designed to be simple to use, with a few parameters Does NOT repaint Does NOT recalculate Signals on entries Works in ALL pairs W
89.99 USD More from author
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market. EA Forex Trade Mana
99 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle!
TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several.
TPA has been developed by traders for traders and is not another combin
168 USD
This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel. Risk Reward Ratio Indicator works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.
If you want to make sure that Risk Reward Ratio Indicator works on your favorite symbols contact us and ask for 7-day free trial to test this tool without limits. If you want to place orders easier, faster and more intuitive? If you like to mark trade entry and exit poi
30 USD
"TPA Sessions" indicator is a very important tool to complement "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can`t explain? A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run of the TPA Session indicator must be in the open market for the lines to be drawn correctly.
Please visit our blog to study actual trades wi
50 USD
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market. EA Forex Trade Mana
99 USD
"TPA Sessions" indicator is a very important tool to complement "TPA True Price Action" indicator . Did you ever wonder, why many times the price on your chart suddently turns on a position you can't explain? A position, where apparently no support or resistance level, or a pivot point, or a fibonacci level is to identify? Attention!!! The first run of the TPA Session indicator must be in the open market for the lines to be drawn correctly.
Please visit our blog to study actual
50 USD
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle!
TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several.
TPA has been developed by traders for traders and is not another combination out of existing indica
168 USD
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
FREE
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
FREE
Filter:
kerkhoff27
2018.03.01 16:38
#
Although a simple little indicator, I find the best ones are! This helps with setting stops and targets and makes sure that you are on the right side of risk reward.
Simple to use. I use this all the time. Thanks.
Scott Howard
2018.08.20 16:59
#
Brilliant indicator. Being able to visually set your TP and SL and know precisely what RR you are getting is critical to good money management. And the new features, including the ability to set the Risk as a fixed dollar amount, are just excellent. This is a fantastic indicator and I use it extensively on all of my trading accounts, across both MT4 and MT5. Highly recommended!
2020.10.28 13:08
#
Risk Reward Ratio Indicator works for all kind of symbols: forex pairs, indices, metals, commodities, energy, cryptocurrency etc. There's a possibility to check this tool with 7-day free trial.
Pieter Maritz
2020.09.14 11:13
#
Very good and help full Indicator! Very good after sales service. A lots of thanks to Janusz Trojca for helping me so much!
Karl Holmström
2020.11.08 04:46
#
Bought the wrong version, I'm stupid. Seller refuses to help me switch.
EDIT: Everything is fixed and it seemed to be a misunderstanding if I activated the product or not, anyway the indicator is awesome for risk management!
2020.11.10 12:16
#
We never refuse to help anyone :) I am glad that we explained everything and we were able to finish this positively.
Version 4.72
2020.10.07
- remembering the panel state (keeping minimized after timeframe changed)
- extension of the calculation to new symbol categories
- extension of the calculation to new symbol categories
Version 4.71
2020.07.31
improvement the calculation of the amount of cash for some instruments
Version 4.7
2020.05.14
- cash amount calculations correction for some kind of futures
Version 4.6
2019.03.19
- changed rounding number rule in lot calculation. Now lots are always rounding down to not exceed allowed risk.
Version 4.5
2019.01.08
- added params to define panel font size
- adaptation of calculations to bitcoin accounts
- adaptation of calculations to bitcoin accounts
Version 4.4
2018.12.06
- symbol prefix & suffix autodetection (as an option)
- solve issue with symbols chars encoding for Mac computers.
- solve issue with symbols chars encoding for Mac computers.
Version 4.3
2018.10.29
- new option to keep fixed risk reward ratio.
Version 4.2
2018.08.16
- corrected some computation issue
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
- slimmed panel
- possibility to hide or show panel
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
- automatic lots calculation based on fixed risk % and stop loss distance
Great job. this is so simple and useful