Leaving it plugged in will not ruin the battery, though it is good to unplug periodically and exercise the battery.
The charging circuit has over-charge protection, when you reach 100% the circuit switches to using line power for the MacBook Pro (what is happening when you see the green LED). When the charge drops to 93-95% the circuit starts charging again to top up the battery (the LED is amber then).
Discharging the battery to the point of shutdown is not good for the battery and does nothing in the way of calibrating the battery. Lithium-Ion batteries do not have a memory and cannot be calibrated, no matter what you may hear to the contrary. The only calibration that can be done is to the charge reporting circuit.
Discharging the battery to 50% and recharging will give 3 to 4 times longer battery life than full battery discharge to shutdown, so use the battery half way and recharge to get a battery that will be healthy longer.