Simple but valuable, this indicator puts the risk reward ration of any trade setup right on your chart to improve decision making,
First Version: Red Line = StopLoss and green = TakeProfit. The calculations are made based in the bid value.
Version 0.1 = we can decide if the open position is the bid value or specify the open level. Legend added.
MT4 Indicators – Download InstructionsRisk/Reward Ratio is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. Risk/Reward Ratio provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Risk/Reward Ratio.mq4?
- Download Risk/Reward Ratio.mq4
- Copy Risk/Reward Ratio.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Risk/Reward Ratio.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Risk/Reward Ratio.mq4 is available on your Chart
How to remove Risk/Reward Ratio.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete