RiskRewardTool
Indicator
188 downloads
Version 1.0, Mar 2026
Windows, Mac
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 2
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 3
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 4
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 5
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 6
Trading product for RiskRewardTool Indicator BTCUSD Forex, image 7
Since 14/01/2025
55
Sales
11.35K
Free installs

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 — 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 — 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 — no overlapping, no confusion.

Label Alignment
All labels can be anchored to the left or right edge of your rectangle — useful depending on where the rectangle sits on your chart.

Happy trading! Good Luck!

Summary

AI summary
RiskRewardTool is a trading indicator designed to simplify risk and reward calculations on charts. Users draw a rectangle spanning their entry and stop loss levels, labeling it "RRL" for long positions or "RRS" for short positions. The rectangle’s height defines the stop distance in pips, which the tool uses to calculate position size based on selected risk profiles (Conservative 0.5%, Normal 1%, Aggressive 2%) or a fixed dollar risk amount. It then projects three configurable take profit zones (default multiples 1R, 2R, 3R) as color-coded areas on the chart, showing pip distances, potential dollar profits, and partial close percentages. The dashboard provides a weighted risk-to-reward ratio accounting for partial closes, maximum total profit, and expectancy at a 50% win rate. Multiple setups can be drawn and calculated independently, with all results consolidated in a single panel. Labels can be anchored to either side of the rectangle for chart clarity. The tool supports various markets and symbols including Forex pairs (EURUSD, GBPUSD, NZDUSD, USDJPY), cryptocurrencies (BTCUSD), indices (NAS100), commodities (XAUUSD), and stocks. It aims to provide clear, clutter-free visual trade planning without manual calculations.
Indicator profile

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Discussion

FAQ

BTCUSD
Forex
Signal
Breakout
Indices
EURUSD
Commodities
GBPUSD
NZDUSD
Scalping
Fair Value Gap
SMC
Crypto
Stocks
XAUUSD
NAS100
ATR
USDJPY
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 14/01/2025
55
Sales
11.35K
Free installs