Pine Script Risk-Reward Ratio Exits

Set your stop in ticks and the take-profit auto-calculates from your target R:R — no manual math per trade.

Copy//@version=6
strategy("Risk-Reward Exits", overlay=true, calc_on_every_tick=false)

// ── Inputs ──────────────────────────────────────────────
stopTicks = input.int(30, "Stop Distance (ticks)", minval=1)
rr        = input.float(2.0, "Risk:Reward Ratio", minval=0.5, step=0.5,
     tooltip="2.0 = take profit at twice the stop distance (2:1).")

// ── Auto-calculated take profit ──────────────────────────
tpTicks = math.round(stopTicks * rr)

// ── Entry logic (replace with your own conditions) ───────
longCondition  = ta.crossover(ta.ema(close, 9), ta.ema(close, 21))
shortCondition = ta.crossunder(ta.ema(close, 9), ta.ema(close, 21))

if longCondition
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", profit=tpTicks, loss=stopTicks)

if shortCondition
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", profit=tpTicks, loss=stopTicks)

Settings

• stopTicks — stop distance in ticks. Default 30.
• rr — target risk:reward ratio; take-profit = stop × ratio. Default 2.0.

How to use

• Paste into the Pine Editor and replace the EMA-crossover placeholder with your own entry conditions.
• Change only rr to test 1.5:1, 2:1, 3:1 — the target recalculates automatically.
• Both legs are in ticks from entry, so the ratio holds on any symbol; only dollar amounts change with tick value.
• Combine with the position size calculator to fix dollar risk per trade as well.

Frequently Asked Questions

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