Risk Rewa Ratio Indicator MT5
- Indicators
- Eda Kaya
- Version: 1.3
Risk Reward Indicator for MetaTrader 5
The Risk Reward Indicator for MetaTrader 5 is crafted to evaluate and display the Risk-to-Reward Ratio (RRR) with precision, placing the calculated value directly onto the trading chart.
This advanced risk assessment tool showcases the RRR in the upper-left corner of the screen and marks essential trade levels using three clearly defined horizontal lines:
• Green Line: Target Profit (TP)
• Red Line: Protection Stop (SL)
• Blue Line: Entry Point (EP)
«Indicator Installation & User Guide»
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Risk Reward Indicator Specifications
Below is a summary of the main features and characteristics of the indicator:
Category | Trading Utility – Money Management – Risk Control |
Platform | MetaTrader 5 |
Skill Level | Entry-Level |
Indicator Type | Risk Analysis – Capital Efficiency |
Timeframe | Compatible with All Timeframes |
Trading Style | Short-Term Trading |
Markets | Forex – Digital Assets – Equities |
Indicator Overview
The Risk Reward Indicator (RR) equips traders to weigh the relationship between potential gains (Reward) and projected losses (Risk) in every trading setup.
• In Long (Buy) trades, risk is the gap between the Entry and Stop Loss, while reward is the distance to the Take Profit.
• In Short (Sell) trades, this calculation is mirrored.
This capability enables traders to assess setups more confidently before executing positions.
Bullish Market Scenario
Consider the USD/CAD pair: a Buy position initiated at 1.43553, with TP set at 1.44000 and SL at 1.43397, results in a Risk to Reward Ratio (RRR) of 1:3.
This ratio is instantly shown in the chart’s top-left section, giving the trader a clear reference point.
Bearish Market Scenario
In a bearish context, such as the AUD/CHF pair, a Sell position at 0.56460 with SL at 0.56516 and TP at 0.56265 also yields a 1:3 RRR.
The indicator automatically reflects this ratio on the chart, enabling swift and strategic risk management.
Risk Reward Indicator Settings
The settings interface for the Risk Reward Indicator in MetaTrader 5 offers a range of customizable parameters:
• Entry Line follows market price: Keeps EP aligned with real-time price action
• Display area: Choose the chart corner to show the ratio
• Font size: Set the visibility level of displayed numbers
• Label hue: Define colors for ratio labels
• SL line color: Customize Stop Loss line appearance
• TP line color: Assign a specific color to the Take Profit line
• EP line color: Set the tone for the Entry Point line
• Line thickness: Adjust width for better visibility
• Line pattern: Select preferred style for each horizontal line
• Font for line labels: Control label text size
Conclusion
The Risk Reward Indicator for MetaTrader 5 is an indispensable component for refined trade planning. By visually mapping Entry, TP, and SL levels, this tool improves RRR clarity and enhances risk-control strategies, making it highly valuable across all financial markets.