Risk Reward Box Script

Description

The Risk Reward Box Script is a straightforward MT4 script that will describe the risk and reward associated with each trade. Whenever you execute the script, a box will be generated that details the risk and the profit associated with each trade.

Unlike Tradingview, the Meta platforms do not typically have a risk/reward box in their trading platforms. On the other hand, you are able to ascertain the precise profit and risk associated with each trade with the assistance of the Risk Reward Box Script.

You have the ability to set the Risk Reward Box Script to run on any timeframe you like, which is a great feature.

How to use the Risk Reward Box Script for MT4

In the H1 USDCHF chart that was just presented, the Risk Reward Box Script is displayed on the chart.

As can be seen, the script plots the box on the current transaction that has been opened. On the side of the box that is red, the danger is described, and on the side that is green, the return gets illustrated.

It appears to people who are familiar with Tradingview that the script is identical to the tools that are used for long and short positions. With the application of Stop-loss and Take-profit orders, the script adjusts the width of the size to correspond with the new values.

Considering that the script does not provide any signals, it is essential to mix it with other scripts in order to discover what they are.

Conclusion

To build a box that illustrates the risk and reward associated with each trade, the Risk Reward Box Script for MT4 is utilised. Checking the amount of risk their trades include is an extremely helpful tool for beginners.

You have the option of downloading the script for free from our website if you so desire.