The Risk to Reward Tool draws entry, stop and risk to reward (RR) levels on the chart from 1:1 RR to 1:10 RR. On initiation the indicator will draw all the lines on the chart. The entry and stop loss levels can be moved and the RR levels will change automatically.
The indicator only draws the levels, it does not place live or pending orders.
Understanding risk to reward is key for traders to be successful in the long term.
This tool allows you to quickly and easily analyse the potential risk to reward (RR) you could achieve given a particular entry and stop loss level.
This indicator can help analyse the viability of a trade and test different scenarios of entry and stop placements. If you are already in a trade, you can match your entry level and quickly see what the effect of moving your stop loss will have on your potential target levels.
For full indicator details and inputs visit the indicator page HERE.
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