RR Tool
- Utilità
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Paballo Justice Tsoako
I am an MT5 Expert Advisor developer with a strong quantitative background in Mathematics, Statistics, and Applied Mathematics. I specialize in building logic-driven, price-action-based trading systems that emphasize risk control, clarity, and execution precision. - Versione: 1.0
RR Box - Visual Risk-Reward Planning Tool
Overview
RR Box is a professional-grade risk-reward visualization indicator that helps traders plan and visualize trade setups directly on the chart. With fully draggable, resizable boxes for Stop Loss and multiple Take Profit levels, you can instantly see your risk-reward ratios and adjust them with precision.
Key Features
Drag-and-Drop Flexibility
Move your entire trade setup anywhere on the chart. Click any box to select it, then drag corners or edges to expand, contract, or reposition. All adjustments update in real-time.
Multiple Take Profit Levels
Visualize up to three take profit zones (TP1, TP2, TP3) with customizable R:R ratios. Enable or disable individual TP levels based on your trading strategy.
Timeframe Persistence
Switch between M1 and Monthly charts freely - your box positions and price levels are preserved. The tool remembers exactly where you placed everything.
Multiple Instances
Run several RR Box instances on a single chart simultaneously. Each new instance automatically positions itself to avoid overlap with existing setups. Perfect for tracking multiple trade scenarios.
Smart Initial Sizing
Boxes initialize using Daily ATR for consistent, proportional sizing regardless of which timeframe you start on. No more tiny boxes on higher timeframes or oversized boxes on lower ones.
Buy/Sell Direction Control
Toggle between long and short setups via input parameters. Switching direction automatically flips all levels around your entry price.
Input Parameters
| Parameter | Description |
|---|---|
| Tool Name | Unique identifier for multiple instances |
| Direction | Buy (long) or Sell (short) |
| ATR Period/Multiplier | Controls initial SL distance |
| R:R Ratios | Set TP1, TP2, TP3 reward multiples |
| Show TP2/TP3 | Enable additional take profit levels |
| Colors & Opacity | Customize appearance for each box |
| Show Labels | Display price and R:R ratio labels |
- Pre-trade planning and position sizing
- Visualizing multiple trade scenarios
- Teaching and journaling setups
- Quick R:R assessment before entry
Technical Notes
- Zero indicator buffers - minimal resource usage
- Persists via terminal global variables
- Works on all symbols and timeframes
- No external dependencies or DLLs
RR Box transforms abstract risk-reward calculations into clear visual zones, helping you make better trading decisions at a glance.
Very easy and elegant tool !