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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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Indicatori
Trend Hunter è un indicatore di tendenza per lavorare nei mercati Forex, criptovaluta e CFD. Una caratteristica speciale dell'indicatore è che segue con sicurezza la tendenza, senza cambiare il segnale quando il prezzo supera leggermente la linea di tendenza. L'indicatore non viene ridisegnato; un segnale per entrare nel mercato appare dopo la chiusura della barra. Quando ci si sposta lungo un trend, l'indicatore mostra ulteriori punti di ingresso nella direzione del trend. Sulla base di ques
XQ Indicator MetaTrader 5
Marzena Maria Szmit
5 (1)
Indicatori
Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind
PZ Support Resistance MT5
PZ TRADING SLU
4.17 (6)
Indicatori
Unlock key market insights with automated support and resistance lines Special Offer: Purchase now to receive free bonuses worth $75! (Read more for details) Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and ev
SwingVolumePro
Thalles Nascimento De Carvalho
Indicatori
Panoramica SwingVolumePro è un indicatore avanzato e versatile, progettato per essere utilizzato su una vasta gamma di strumenti finanziari e per supportare diversi stili di trading. Basato su un'analisi rigorosa di volume e prezzo, fornisce segnali chiari e precisi che consentono ai trader di tutti i livelli di prendere decisioni informate basate su dati di alta qualità. Caratteristiche principali Versatilità: SwingVolumePro può essere applicato a vari asset, tra cui azioni, forex, cri
Blahtech Supply Demand MT5
Blahtech Limited
4.54 (13)
Indicatori
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
Indicatori
nota: questo indicatore e' per METATRADER5, se vuoi la versione per  METATRADER4 questo e' il link:   https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO   riconosce un nuovo TREND sul nascere, non sbaglia mai. La sicurezza di identificare un nuovo TREND non ha prezzo. DESCRIZIONE TRENDMAESTRO identifica un nuovo TREND sul nascere, questo indicatore prende in esame la volatilita' i volumi ed il momentum per identificare il momento in cui c'e' un'esplosione di uno
Gartley Hunter Multi
Siarhei Vashchylka
5 (8)
Indicatori
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
PipTick Currency Index MT5
Michal Jurnik
1 (1)
Indicatori
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)
Indicatori
Effortless trading: non-repainting indicator for accurate price reversals Special Offer: Purchase now to receive free bonuses worth $60! (Read more for details) This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Upd
Ultimate Supply Demand MT5
Ramon Sobrevals Arce
5 (4)
Indicatori
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
Native Channels
BeeXXI Corporation
5 (1)
Indicatori
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
Altri dall’autore
Trades Assistant MT5
Martin Muriu Maina
Indicatori
Trade Assistant MetaTrader System  — a multi-timeframe system that is based on three standard indicators:   Stochastic oscillator ,   RSI   (Relative Strength Index), and   CCI   (Commodity Channel Index). It displays current trend directions for M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes. When you follow such an indicator you have a clear picture of the trends across all important timeframes. It doesn't matter which timeframe you attach this indicator to. Input parameters CheckCandl
Trading sessions time
Martin Muriu Maina
Utilità
What is Trading Session Time indicator for MetaTrader? Trading Session Time indicator for MetaTrader is a tool designed to save your time and efforts. At the same time, it is also helpful to spot possible trading opportunities. The human brain is very efficient in finding visual patterns. Trading Session Time indicator helps highlight areas on the chart to find these patterns. Once you specify a time or an interval, the indicator will scan the chart and draw the areas of interest for you. The in
Tradecopiermt5toMT5
Martin Muriu Maina
Utilità
Forex Trade copier MT4/MT5.  It copies forex trades, positions, orders from any accounts to any other account, Be it MT4 or MT5 even multiple accounts. The unique copying algorithm exactly copies all trades from the master account to your client account. It is also noted for its high operation speed and Tough error handling. It also can copy from demo account to live account too. It is one of the best free trade copiers that can do , MT4 to another MT4 or MT5 or to multiple accounts ( МТ4 => МТ4
Murray Math Xline
Martin Muriu Maina
Indicatori
Murrey Math Line X MetaTrader SYSTEM  — a pivot line system that will definitely help every trader who knows how to trade with support, resistance, and pivot lines. It displays 8 primary lines (with 5 more additional ones) on the main chart, helping you to find the best points to sell, buy, and exit your positions. You can download this indicator for MT4 and MT5 platform. Input parameters Period   (default = 64) — a period in bars or in other upper timeframe periods (set via the   UpperTimeFrame
Market profile system MT5
Martin Muriu Maina
Indicatori
Market Profile MetaTrader System  — is a classic Market Profile implementation that can show the price density over time, outlining the most important price levels, value area, and control value of a given trading session. This indicator can be attached to timeframes between M1 and D1 and will show the Market Profile for daily, weekly, monthly, or even intraday sessions. Lower timeframes offer higher precision. Higher timeframes are recommended for better visibility. It is also possible to use a
Float
Martin Muriu Maina
Indicatori
Float MetaTrader indicator  — a sophisticated indicator that analyzes the previous chart history for the given currency pair and then tries to analyze the trends in the current situation. It shows where trends start and end in a separate chart window and   Fibonacci retracement   levels combined with DiNapoli levels on the main chart. It also displays how long ago the local high and low were detected. This indicator is available for MT4 and MT5. The indicator   repaints   its levels based on all
Point and figure
Martin Muriu Maina
Indicatori
Point-and-Figure MetaTrader 5 indicator   is an indicator that can plot a point-and-figure chart directly in the main window of your normal MT5 chart. You can set up all the point-and-figure method parameters, such as the box size and the reversal distance, according to your preference. In addition, you can control all the display parameters of the PnF chart. This point-and-figure indicator supports all sorts of alerts. It is based on real ticks data, and thus is available only for MT5. Point-an
Moving average candlestics
Martin Muriu Maina
Indicatori
Moving Average Candlesticks MetaTrader indicator  — is a chart visualization of a standard   moving average   using the candlestick bars. It draws the candlesticks based on the moving average values calculated for Close, Open, Low, and High. It allows seeing a compact snapshot of the more detailed market information compared with the classic MA indicator. It works with any currency pair, timeframe, and MA mode. The indicator is available for MT4 and MT5. Input parameters MAPeriod   (default = 10
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