Description
As much as I love cTrader, the latest update for the Risk Reward tool is frustrating at times. I was not a fan of how it locks your y axis, so I built this one instead.
RR Calculator Pro gives you complete chart freedom while removing every manual calculation from your trade planning. Draw a rectangle spanning your entry and stop loss, label it in the comment area either RRL for a long or RRS for a short, and the indicator instantly calculates and displays everything you need before placing the trade.
How it works
The rectangle you draw is your risk zone. Its height defines your stop distance in pips. The indicator reads that distance, applies your chosen risk amount, and projects three take profit zones above or below it β all contained neatly within the width of your rectangle. No lines extending across your chart, no clutter.
Position Sizing
Choose from Conservative (0.5%), Normal (1%), Aggressive (2%) or Custom risk profiles β or bypass percentage-based sizing entirely by entering a fixed dollar amount. Set risk to $58 and every calculation flows from that exact number. Your exact lot size, unit count, dollar risk and spread cost are shown immediately.
Take Profit Zones
Three configurable reward multiples (default 1R, 2R, 3R) are drawn as colour-coded zones projected from your entry. Each zone shows pip distance, dollar profit at that target, and your partial close percentage. The zones graduate from light to bright green giving an instant visual read on reward potential.
Risk:Reward at a Glance
The dashboard shows your weighted R:R (accounting for partial closes), maximum total profit across all targets, and expectancy at a 50% win rate baseline. A Quick mode condenses everything into six lines for traders who prefer minimal screen real estate.
Multiple Setups Simultaneously
Draw as many RRL and RRS rectangles as you need. Each one is calculated independently and the dashboard stacks all setups in a single panel β no overlapping, no confusion.
Label Alignment
All labels can be anchored to the left or right edge of your rectangle β useful depending on where the rectangle sits on your chart.
Happy trading! Good Luck!
