SL Based TP Multiplier

Smart TP by Risk Ratio

MT5 Script – Take Profit Calculation Based on Stop Loss

Overview

Smart TP by Risk Ratio is a script for MetaTrader 5 that calculates Take Profit levels using the distance between the Open Price and Stop Loss, multiplied by a user-defined ratio (R-Multiple).

The script can be applied once per execution to the current chart symbol or to all open positions.
It does not open trades and requires a Stop Loss to be set for the calculation.

Functionality

• TP Calculation: Take Profit is set using the Stop Loss distance and ratio multiplier (e.g., 1:2, 1:3).

• Symbol Scope: Apply to current chart symbol or all open positions.

• Close If Reached: Optionally close the position immediately if the current price is already beyond the calculated target.

Input Parameters

• Ratio Multiplier: Factor to multiply the risk distance.

• Apply To All Symbols (true/false): Apply the logic to all positions or only the current chart symbol.

• Close If Reached (true/false): Close the position if the current price exceeds the calculated target.

Important Notes

• A Stop Loss must be set on the position for the calculation to work.

• Script only (not an Expert Advisor).

• Does not open trades or manage other orders.