Summary of ☄️Take Profit & Stop Loss Calculator Indicator for MT4/5 📥 Download - Free - [TFlab]

The video provides a comprehensive tutorial on using the Profit and Loss Limit Indicator for MetaTrader 4 and 5, available for download on the Trading Finder website. Key features and functionalities of the indicator include:

Installation and Setup:
- Users can download the indicator file and drag it onto their trading chart after ensuring that "allow DLL imports" is activated.
Indicator Panel:
- Once activated, a panel appears displaying the Trading Finder logo, time until the current candle closes, and risk amounts for both buy and sell positions.
- Users can specify their desired risk amount and trade volume.
Risk Management Features:
- The indicator allows users to see their entry price, risk amount, take profit levels, and stop-loss price levels.
- Users can also view the pip amounts for take profit and stop-loss levels, as well as potential profits and losses based on their entry volume.
Dynamic and Fixed Levels:
- The indicator offers options to fix or move the levels dynamically. Users can select a "pin" option to make levels fixed or deactivate it to adjust them freely.
Risk to Reward Ratio:
- Users can enter their desired Risk to Reward Ratio, though they must delete previous entries for it to display correctly.
Display Options:
- The indicator supports color mode adjustments between day and night modes.
Panel Customization:
- Users can reposition the panel on the chart or minimize it for convenience.

The tutorial concludes by encouraging viewers to leave feedback in the comments section.

Main Speakers/Sources

The video is presented by TFlab, with no specific individual speakers mentioned.

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