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Easy Rewa to Risk RRR Indicator MT4

Easy Reward to Risk RRR Indicator for MetaTrader 4 Download – Free


 Introduction

The Easy Reward-to-risk (RRR) Indicator is a trading assistant designed to evaluate reward-to-risk ratios. This tool helps traders identify ideal entry and exit points by comparing potential profits with associated risks, streamlining decision-making processes.

Easy Reward to Risk RRR Specification Table

Here are the key features of the indicator:

Category

Category

Platform

Platform

Skill Level

Skill Level

Indicator Type

Indicator Type

Timeframe

Timeframe

Trading Style

Trading Style

Markets

Markets

 

Indicator Overview

The Easy Reward to Risk RRR Indicator uses colored boxes (red and green) to visually highlight Entries, Stop Loss, and Take Profit levels. It calculates the numerical risk-to-reward ratio, clearly representing potential profits versus risks. This functionality enables traders to set precise stops and targets effectively.

Uptrend Conditions

The Solana (SOL/USD) price chart on a 1-minute timeframe illustrates a strong uptrend. Based on their trading strategies, users can determine optimal entry points. This tool simplifies establishing Stop Loss and Take Profit levels from the chosen entry position.

 

Downtrend Conditions

The AUD/JPY currency pair demonstrates a bearish trend in a 30-minute timeframe. By employing technical analysis or identifying patterns near resistance levels, traders can pinpoint entry points for sell trades. Based on these entries, the tool helps determine Stop Loss and Take Profit levels.

 


Indicator Settings

Below is an example image showcasing the default settings of the Easy Reward to Risk RRR Indicator:

 

Caption: Exploring the default configuration of the Easy Reward to Risk Indicator in MetaTrader 4

             Chart theme: Display Chart theme

Conclusion

The Easy Reward to Risk (RRR) Indicator is a versatile tool for assessing profit-to-loss ratios in MetaTrader 4. Plotting visual aids on the chart allows traders to identify entry points, Stop Losses, and Take-Profit zones. The numerical calculation of the risk-to-reward ratio adds further value, helping traders measure the profitability potential of their strategies effectively.

 


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Nguyen Quoc Hung
5 (2)
This EA is fully automated , it is built based on  the method of catching the pop-up Alert event and Open Market Orders (BUY/SELL) . Download trial version here:  https://www.mql5.com/en/blogs/post/751340 ***NOTE:   It is recommended to remove the available filter settings, only install the filter for your indicator. Parameters of the EA: -------- <EA Settings> -------- Magic Number:   The identifying (magic) number of the currently selected order. Allow Open trade:   Enable/ Disable Open Trade
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