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Break even indicator

Breakeven Line Indicator is a MetaTrader indicator that calculates breakeven level based on all open positions and displays it on your chart as a horizontal line. Additionally, it will calculate the total number trades, the total number of lots, and the distance to the breakeven line in points and profit/loss. The indicator is available for both MT4 and MT5.

You can press the  Shift + B  keyboard shortcut to hide or show the breakeven line. The indicator supports multiple input parameters to configure the calculations and the looks.

Input parameters

  • IgnoreLong (default = false) — if true, the indicator will ignore long positions and will only calculate the breakeven line based on short positions.
  • IgnoreShort (default = false) — if true, the indicator will ignore short positions and will only calculate the breakeven line based on long positions.
  • line_color_buy (default = clrTeal) — the color for the breakeven line when the total cumulative position is long.
  • line_color_sell (default = clrPink) — the color for the breakeven line when the total cumulative position is short.
  • line_color_neutral (default = clrSlateGray) — the color for the breakeven line when the total cumulative position is neutral.
  • line_style (default = STYLE_SOLID) — the breakeven line style.
  • line_width (default = 1) — the breakeven line width.
  • font_color (default = clrSlateGray) — text color.
  • font_size (default = 12) — text size.
  • font_face (default = "Courier") — text font face.
  • ObjectPrefix (default = "BEL") — the prefix for chart objects' names. It lets the indicator avoid conflicts with other chart tools.

Why use Breakeven Line Indicator?

When you have multiple trades opened on a single symbol, it can be difficult to tell where your average entry price is and hence where your breakeven point lies. There are many reasons why you might end up with many positions on the same trading instruments: martingale, grid strategies, scaled entries, and so on. Even though we don't recommend any of such trading techniques, it is still a situation many traders often find themselves in. This is where the Breakeven Line Indicator comes handy.

This indicator will calculate the average price of all your positions, it will determine what your net position is, it will calculate how many points the price has to move to reach the breakeven for all your trades, and it will display all this information directly in the main chart window.

You can then use this information to determine optimal exit points or to add further positions to your portfolio.


Example

The example EUR/USD chart below shows the Breakeven Line Indicator running in MetaTrader 5 with two short trades (0.25 and 1 lot) and one long trade (0.5 lot). It calculated the breakeven price on this currently profitable combination of trades to be at 1.08635. The current distance to the breakeven price is 125 points (12.5 pips) or 93.50 USD in profit. The combined position is a short of 0.75 lot and the total number of trades is 3.


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Blahtech Limited
4.54 (13)
Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
TrendMaestro5
Stefano Frisetti
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Gartley Hunter Multi
Siarhei Vashchylka
5 (8)
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. A
The   Currency Index indicator   enables traders to display any index of eight major currencies. It uses a special calculation that considers specific currency pairs and their weights. The default weights are based on the BIS Triennial Central Bank Survey results. Because of this advantage, the trader can see each currency's true strength and weakness. Note:  If the indicator is used in Strategy Tester (demo version), please keep in mind that all currency pairs' data must be downloaded in H
PZ Day Trading MT5
PZ TRADING SLU
2.83 (6)
Este indicador detecta reversiones de precios en forma de zig-zag, utilizando solo análisis de acción de precios y un canal donchian. Ha sido diseñado específicamente para el comercio a corto plazo, sin repintar ni pintar en absoluto. Es una herramienta fantástica para comerciantes astutos con el objetivo de aumentar el tiempo de sus operaciones. [ Guía de instalación | Guía de actualización | Solución de problemas | FAQ | Todos los productos ] Increíblemente fácil de comerciar Proporciona
Ultimate Supply Demand MT5
Ramon Sobrevals Arce
5 (4)
After working during many months, with the help of Neural Networks, we have perfected the ultimate tool you are going to need for identifying key price levels (Supports and Resistances) and Supply and Demand zones. Perfectly suitable to trigger your trades, set up your future actions, decide your Take Profit and Stop Loss levels, and confirm the market direction. Price will always move between those levels, bouncing or breaking; from one zone to another, all the remaining movements are just mark
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5 (1)
This indicator recognizes all support and resistance levels. A number of unique high-performance techniques have been applied, which made the existence of this indicator possible. All formed channels are naturally visible: horizontal linear linear parabolic cubic (Polynomial 3 degrees - Wave) This is due to a bundle of approximating channels. The formed channels form "standing waves" in a hierarchical sequence. Thus, all support and resistance levels are visible. All parameter management is
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