Indicator for Checking Risk-Reward Ratio (Titan_RR_Assist)
Display Risk-Reward Ratio
This indicator is a convenient tool for automatically calculating and visually displaying the risk-reward ratio on MT4 and MT5 charts based on specified entry, Take Profit (TP), and Stop Loss (SL) levels. It aids in risk management and entry decisions, supporting more efficient trading. By clicking "Buy" or "Sell" on the panel, you can toggle between modes, automatically switching the position of the upper and lower boxes.
【Example of Indicator Display】
Key Features of the Indicator
Easy-to-See Boxes for Setting Levels
The entry, Take Profit (TP), and Stop Loss (SL) levels are displayed as easily identifiable boxes on the chart. By dragging each point, you can adjust these levels as needed. The profit-loss ratio can be seen at a glance, providing an intuitive understanding of risk-reward balance before trading and supporting more efficient decision-making.
【Example of Box Display】
Synchronize Entry Level with Current Rate
In this indicator, checking "Sync with Current Rate" on the panel allows you to automatically align the entry level with the current rate. This feature enables real-time risk-reward assessment based on the current price, particularly useful in fast-moving markets.
【Example of Sync with Current Rate】
Flexible Adjustment Using Panel to Specify Prices
The panel also allows direct input of prices for entry, Take Profit, and Stop Loss levels. This feature enables flexible response to specific price levels and allows for detailed risk management aligned with your trading strategy.
【Example of Specifying Prices】
Benefits of Using This Indicator
Visually Confirm the Risk-Reward Ratio
The profit-risk balance is clearly displayed on the chart, allowing you to quickly confirm the risk-reward ratio before entering a trade. If the ratio is insufficient, you can reconsider the entry, helping to avoid unnecessary trades.
Reduces Unplanned Entries for Strategic Trading
By confirming the risk-reward ratio before entry, you can avoid impulsive, unplanned trades influenced by emotions. This enables more strategic trading, enhancing the quality of your trades. This indicator is particularly beneficial for traders prioritizing risk management, improving entry accuracy, and potentially increasing win rates. By aiming to minimize losses, it also contributes to long-term profitability.
This risk-reward ratio indicator is an essential tool for those who want clear entry and Take Profit points and prioritize rigorous risk management. If you seek to improve trade performance through strategic decision-making in daily trading, give this tool a try.
Note: This indicator is compatible only with the Windows versions of MT5 and MT4 on TitanFX.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Input Tab (MT5) or Parameter Input Tab (MT4) Settings
| Variable Name | Description | Default |
|---|---|---|
| Panel | Select the panel color. | LightGray |
| Text | Set the text color. | Black |
| TP Box | Specify the box color from entry to Take Profit level. | PaleTurquoise |
| SL Box | Specify the box color from entry to Stop Loss level. | Pink |
Colors Tab (MT5) or Color Settings Tab (MT4)
This indicator does not use this tab.