The Risk Reward Box Forex indicator for Metatrader 4 draws a risk-to-reward box on the chart that can be fully modified with your mouse button.
The indicator can be applied to any MT4 instrument and desired time frame.
The risk box is colored light-red while the reward box is colored green.
Just push the “Reset All Box” to reset the risk reward box indicator.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Risk to reward tool
- Works for any trading instrument
- Works for any time frame
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system.
Free Download
Download the “Risk Reward Box.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Risk Reward Box indicator in action.
Basic Trading Signals
The indicator does not generate any buy or sell signals.
Download This Forex Indicator
Download the “Risk Reward Box.mq4” MT4 indicator
Adjustable Parameters & Settings
Draw box on all opened charts, chart time frame, colors, style
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: risk/reward
How to install the Risk Reward Box indicator in Metatrader 4?
- Copy and paste the Risk Reward Box.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
How to remove the indicator from the chart?
- Right click in the chart
- Select indicators list
- Click on the indicator’s name
- Click on the delete button