Market / MetaTrader 4 / Utilities /

Calc for MT4

FREE

Published: 18 June 2018

Current version: 1.0

Calc for MT4

Utilities
Radim Kucera
Version: 1.0

This indicator is designed to provide all useful information about symbol, account, positions and profit.

It is developed for improving trader's money management.

Parameters

Calc can be divided to separate blocks. Each block is possible to hide, set its own color and other properties.

Block symbol:

This block displays information about actual SPREAD, POINT VALUE (in deposit currency for 1 lot), SWAP LONG and SHORT.

Show symbol info - display/hide this block
Color of symbol info - color of this block

Block account:

This block displays information about CALCULATED LOTS (what volume to use for opening position according to money management), AVAILABLE LOTS (maximal volume which is possible to open), RISK PERCENT and RISK AMOUNT (according to money management set in inputs)

More about CALCULATED LOTS:

It is calculated using stop loss line (horizontal dotted line in Magenta color). This line represents virtual stop loss related to current price. It measures range between them. Result of this range is used for calculation final volume according to money management. You can set money management as percent from actual balance or as absolute value. Stop loss line can be moved up and down for better adjustment of stop loss. All related data are recalculated immediately.

More about AVAILABLE LOTS:

This represents maximal volume for opening position. It works for FOREX and CFD.

Show account info - display/hide this block
Color of account info - color of this block
Color of stop loss line
Risk value - can be specified absolute amount or percent from balance - see next parameter
Risk type - percents or absolute amount from balance

Block open positions:

This block displays information about stop loss amount and take profit amount on actual symbol and all symbols together (in case of opened positions on more symbols). It can be useful when trader wants to have control of his profit/loss.

Show open position info - display/hide this block
Positive color - color of positive value (profit)
Negative color - color of negative value (loss)
Default color - in case of no open position

All these blocks have own legends. This legend can be displayed/hidden (see parameter "Show legend") and moved to the left/right side (see parameter "Legend horizontal position").

Ruler

It is special tool which is designed to fast calculate possible profit/loss. When this tool is enabled, it creates "ruler" on the right side of chart. On this ruler you can easy track actual profit/loss according to your money management.

Ruler has 2 modes:

When trader does not have open position on actual symbol - ruler displays potential profits on both sides (LONG, SHORT). It means that if you open position now with volume from calculated lots, then values on the ruler represent your potential profit.
When trader has open position(s) on actual symbol - ruler displays profit and loss according to open position(s).

You can specify how many values will be displayed, adjust colors and simply display or hide ruler by button.

Parameters of ruler:

Show ruler - display/hide ruler - you can use button on the right side too
Density of ruler - how many values to calculate (display)
Show always bid price on ruler - display Bid price only on ruler (useful when you have open short positions and do not want to check Ask price)
Color of positive ruler - color of positive values (profit)
Color of negative ruler - color of negative values (loss)
Color of ruler labels - color of values on ruler
Color of ruler button for deactivate
Color of ruler button for activate

more...

305

paddock 2023.06.17 10:17 #

Good. Helpful for people to understand how things work. Easy to use. Thankyou

GuitarSlinger 2023.03.18 01:21 #

Very useful. i like seeing the spread, swap, and point value on the chart.

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305

paddock 2023.06.17 10:17 #

Good. Helpful for people to understand how things work. Easy to use. Thankyou

GuitarSlinger 2023.03.18 01:21 #

Very useful. i like seeing the spread, swap, and point value on the chart.