Coding a trading indicator that can monitor risk/reward per trade on my mt4 account

MQL4 Esperti

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Very good developer. Reply fast and fix issues without hesitation.

Specifiche

This is a simple indicator that will display only open trades from the MT4 terminal so I can easily interpret the risk/reward on the account in terms of amount and percentage as shown in the attached picture. (There is no need to draw the background thin lines, I have done this example from an excel sheet)

The symbol column will display all the pairs (in capital letters) that are currently opened with the first trade on top. If the pairs have several trades running it will display the number of trades in the Trade column by labelling it as 1,2,3 etc. If trade 1 is closed, then it will re-label the number.

The Type column will indicate either Buy or Sell as on the terminal

The Open Time column will indicate the dates and time a trade was opened as on the terminal starting with the oldest.

The Size column will indicate the lot size of each trade as on the terminal

The Risk/Reward ($) column will display the amount of risk as set by the stop loss. It will show the amount of risk in red and negative at the start of the trade. As the trade moves in my favour, I will move the stop loss beyond breakeven and it will show reward amount in green. Risk/Reward amount is calculated from the account balance for each trade

The Risk/Reward (%) column will display percentage risk as set by the stop loss. It will show percentage risk in red and negative at the start of the trade. As the trade moves in my favour, I will move the stop loss beyond breakeven and it will show the reward percentage in green. Risk/Reward percentage is calculated from the account balance for each trade.

The Equity ($) column will display each current open trade equity amount (Profit/Loss).

The Equity (%) column will display each current open trade equity percentage (Profit/Loss).

Profit will be shown in green and loss shown in red with a negative sign.

The Sum line will calculate the total from each column as shown in the picture.

The Actual Balance will display the Balance as on the terminal

The New Balance will show the sum of Actual Balance and sum of Risk/Reward amount. As I move stop loss (to lock profit), this amount will be automatically adjusted.

The Equity will display the total current Equity amount as on the terminal

 

There must be some flexibility to position the indicator panel on a blank chart.

All text size/style/colour can be changed or adjusted to fit in the screen.

 

 

 

 

 

 

 

 


File:

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