📌Risk Reward Ratio Calculator Indicator for MT4/5 - Free - [TFlab]

The video discusses the Risk Reward Ratio Calculator Indicator for MetaTrader 4 and 5, available for download from the Trading Finder website. This tool assists traders in calculating their risk-to-reward ratios when trading.

Main Financial Strategies and Features:

• Indicator Installation:
  • Download the indicator file from the Trading Finder website.
  • Select the indicator from the Navigator section and drag it onto the chart.
  • Activate "allow DLL imports" and confirm.
• Panel Features:
  • The panel appears in the top left of the chart and can be moved or minimized.
  • Users can choose between light and dark themes for the panel.
  • Displays the time left until the current candle closes and the active time frame.
• Setting Parameters:
  • Default settings include five take profit levels and a stop loss of 100 pips, which can be adjusted.
  • Traders can select buy or sell positions and adjust their stop-loss amounts by dragging.
• Risk Reward Calculation:
  • Users can adjust their risk-to-reward ratio by moving the entry options and stop-loss amounts.
  • The panel allows for easy expansion and adjustment of risk reward ratios.
• Display Options:
  • The panel can switch between vertical and horizontal modes.
  • Risk reward ratios can be viewed in text or percentage format.
• Trade Management:
  • Traders can open multiple risk reward ratios and delete trades using the delete button.

Methodology/Step-by-Step Guide:

• Download and install the indicator.
• Drag the indicator onto the chart and configure settings.
• Move and adjust the panel as needed.
• Set your desired stop-loss and take profit levels.
• Manage open positions and adjust risk reward ratios accordingly.

Presenters/Sources:

• The video is presented by TFlab, with references to the Trading Finder website.