The TP SL Calculator in MT4 is a practical risk management indicator built for MetaTrader 4, helping traders calculate, adjust, and visualize their take profit (TP) and stop loss (SL) levels directly on the chart. With its compact control panel, it streamlines trade planning and makes managing risk more transparent. Key Features Set TP and SL instantly for both buy and sell trades Input lot size to manage position risk View the Risk-to-Reward (R/R) ratio in real time Track the remaining time for the current candle ? Indicator Specifications Category: Risk Money Management, MT4 Trading Tools Platform: MetaTrader 4 Skill Level: Beginner to Intermediate Timeframes: All Trading Styles: Scalping, Day Trading, Swing Trading Markets: Forex, Crypto, Commodities, Indices, Stocks How It Works The tool plots three simple levels on the chart: Gray line: Trade entry Green line: Take Profit Red line: Stop Loss Traders can drag these levels or adjust them using the calculator box by defining an R/R ratio. Buy Trade Example On the USD/CAD H1, TP is above entry and SL below. The calculator displays the configured lot size, R/R ratio, and candle countdown. Sell Trade Example On the ETH/USD M30, TP is below entry and SL above. The panel presents all the setup details clearly for the short position. Customization Options The calculator box includes several functions: Switch between light and dark mode Show time to next candle close Quick buy/sell setup buttons One-click delete option for TP SL lines Input fields for R/R ratio and lot size Final Thoughts The TP SL Calculator for MT4 is a straightforward yet powerful addition for traders seeking consistent risk management. By combining visual trade levels, R/R ratio tracking, and candle timing, it provides clarity for decision-making across multiple asset classes. Whether trading Forex, Crypto, or Stocks, it offers reliability for both new and experienced traders.