Risk2Reward MATR
- Utilities
- Version: 1.8
- Updated: 4 October 2026
Risk2Reward MATR is a visual trade planner for MetaTrader 4. It paints multi-timeframe ATR reward and stop zones on the chart so you can judge the distance and the payoff before you place the trade yourself. It does not send, modify, or close orders.
Purpose
The motive is planning, not automation. A single ATR on the chart timeframe often hides the larger and smaller ranges you actually trade against. This EA builds three stacked take-profit slices, each from its own timeframe, period, and multiplier, plus an ATR stop and an optional fixed pip stop. Buy and Sell only choose the direction of the drawing.
How it works
Attach it to a chart and use the four buttons.
- Buy or Sell sets the direction. Entry is the close of the selected bar.
- TP1 is the entry plus or minus the first ATR distance. TP2 starts where TP1 ends. TP3 starts where TP2 ends. Each slice keeps its own timeframe, period, and multiplier.
- The ATR stop and the fixed pip stop are drawn from the entry in the opposite direction. Set the fixed stop to 0 to hide it.
- Update redraws from the last closed chart bar when a new bar opens. Freeze draws once and leaves the boxes. Historical waits for a click, then uses that candle. The ATR on M30, H1, or H4 is taken from the higher-timeframe bar that contains the clicked time, not from the chart bar index.
- Toggle hides and restores the drawing. Clear removes the boxes, labels, and info lines.
- The panel shows price, pips from entry, slice size, reward-to-risk against the ATR stop, and reward-to-risk against the fixed stop when that stop is on.
Pip size follows the quote: 10 points on 3- and 5-digit symbols, otherwise 1 point. Labels use the symbol’s digit count. Objects are prefixed by symbol and chart, so removing the EA does not delete other buttons.
Benefits
- The plan stays on the chart, in price and in pips, before an order exists.
- Each target and the ATR stop can use a different timeframe.
- The two stops can be compared side by side.
- A past candle can be inspected without changing the live chart setup.
- Colors, line style, label size, panel size, and button scale are inputs.
- No lot size, no market orders, and no extra account permission for trading.
Limitations
- It is not a trading robot. Entry, stop, and exit remain manual.
- It does not calculate position size, account-percent risk, margin, spread, commission, or slippage.
- Targets are stacked slices, not three independent distances from entry. TP2’s box is only the second ATR band.
- Boxes run from the selected bar to the current bar plus the extension, so a historical zone is comparable with later price but is not confined to that candle.
- On gold, indices, and crypto, a “pip” is one point unless the symbol is 3- or 5-digit. Confirm that this matches the broker’s definition.
- Ratios are distance divided by stop distance. They are not a forecast and not a promise of return.
- One direction is drawn at a time. Higher-timeframe ATR needs enough loaded history; otherwise that level is skipped and the panel says it is not ready.
Short page line: visual multi-ATR risk-reward boxes for manual planning, with a higher-timeframe ATR alignment, a dual stop, and click-a-candle review. No orders are sent.
