It helps traders efficiently determine and set take profit (tp) and stop loss (sl) levels, with the ability to visualize them directly on the chart. If there are no transactions for the current symbol, the commission will not be calculated. It calculates and displays profit and loss for each trade, simplifying risk and capital management.
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Share ideas, debate tactics, and swap war stories with forex traders from around the world.
The author writes that the take profit is calculated by this formula
(atr value*3 + trade open price) now i understand (please correct me if i'm wrong) that the atr works a little like this Atr = 0.00222 (when you open the trade) so tp would be 666+trade open price What is the trade open price The risk reward ratio calculator indicator for mt5 is a vital tool that empowers traders to establish take profit and stop loss levels directly on their trading charts while simultaneously analyzing the risk/reward ratio for each trade
Its intuitive design simplifies trade management, making it suitable for traders of all skill levels. The take profit & stop loss calculator indicator is a dedicated tool for risk and capital management, designed to calculate and visually display take profit (tp) and stop loss (sl) levels. Hey, can anyone please remind me again of the structure behind the take profit Price went down to low of 1.3258 and reversed but my take profit was not executed and i'm stuck with a trade in negative p/l
Last night i entered a short in the eur/usd around 1.3350 and set my take profit at 1.3260
Once i entered the order i shut down mt4. The take profit & stop loss calculator indicator is a versatile mt4 risk management tool that simplifies trade planning by enabling clear visual setups of take profit and stop loss levels Whether you're trading forex, crypto, commodities, or stocks, this indicator supports Take profit to stop loss ratio
The rr button enables or disables this function Current spread and commission display The commission is displayed after calculations based on the last trade of the current symbol in history
