The Take Profit Stop Loss Calculator Indicator for MetaTrader 5 is a powerful risk management tool ?? designed to make trade planning simple and precise. It allows traders to set and visualize Take Profit (TP) ? and Stop Loss (SL) ? levels directly on the chart, enhancing position control and decision-making. Key Features ? Create TP and SL levels for Buy ? and Sell ? trades Automatically calculate lot size ? for positions Display Risk-to-Reward (R/R) ?? ratio for each trade Show time remaining ? until the next candle Specifications ? Category: Money Management, Trading Assist, Risk Management Platform: MetaTrader 5 Skill Level: Beginner to Intermediate Timeframe: Multi-Timeframe ? Trading Style: Scalping, Day Trading, Swing Trading Markets: Forex ?, Crypto ?, Stocks ?, Commodities ??, Indices ? How It Works ? The indicator uses three main lines: Gray ?: Entry point Green ?: Take Profit Red ?: Stop Loss Traders can manually move the lines or input an R/R ratio ?? in the calculator panel for automatic placement. Bullish Example ? On an NZD/USD 30-minute chart, the gray line marks the entry point, the green line indicates TP above, and the red line shows SL below. The calculator panel displays lot size ?, R/R ratio ??, and time ? to the next candle. Bearish Example ? On a BNB/USD 1-hour chart, for a sell position, the TP is below and the SL above the entry line, with all trade details reflected in the panel for clear risk management. Settings ?? Light/Dark Mode ?: Customize chart appearance Time to Next Bar ?: Countdown to candle close Buy ? / Sell ?: Quick position setup Delete ?: Remove TP/SL lines instantly R/R Rate ??: Set risk-to-reward ratio Lot Rate ?: Define trade volume manually Conclusion ? The Take Profit Stop Loss Calculator Indicator combines visual clarity with essential trade metrics, making it easy to manage risk and optimize entries and exits. Compatible with Forex ?, Crypto ?, Stocks ?, Commodities ??, and Indices ?, it’s a versatile and essential tool for every trader.