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Break even indicator

67 USD

Versione demo scaricata: 4

Pubblicato: 12 settembre 2024

Versione attuale: 1.0

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Break even indicator

Indicatori
Martin Muriu Maina
Versione: 1.0
Attivazioni: 5

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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Royal Wave is a Trend-Power oscillator which has been programmed to locate and signal low-risk entry and exit zones. Its core algorithm statistically analyzes the market and generates trading signals for overbought, oversold and low volatile areas. By using a well-designed alerting system, this indicator makes it easier to make proper decisions regarding where to enter and where to exit trades. Features Trend-Power Algorithm Low risk Entry Zones and Exit Zones Predictions for Overbought and Over

129 USD

Trade double tops and bottoms effectively The PZ Double Top/Bottom Indicator is a technical analysis tool that helps traders identify potential price reversal patterns in the market. These patterns, known as double tops and bottoms, are characterized by two consecutive peaks or valleys in the price of an asset. Double tops and bottoms are often seen as potential reversal patterns because they can signal a change in the direction of the current trend. [ Installation Guide | Update Guide | Troub

75 USD

Increase trade accuracy with the time-tested cup and handle patterns The Cup and Handle pattern is a technical price formation that resembles a cup and handle, where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern -the handle- is smaller than the left-hand side -cup-, and retraces no more than 50% from the top. It can be both a continuation and a reversal pattern. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All P

75 USD

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

117 USD

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

87 USD

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

117 USD

$Murray Math Xline$

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

97 USD

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

127 USD

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

67 USD

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

67 USD

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

47 USD

Its main features include: Works with any trading instruments — currency pairs, CFDs, equities, indices, commodities, futures, cryptocurrencies. Calculation inputs and results are displayed in a graphical panel. The panel can be moved freely across the chart. You can easily close or minimize it. All calculation parameters can be adjusted inside the panel in one or two mouse clicks. Entry, stop-loss, and take-profit lines can be dragged directly on the chart. You can choose to set stop-loss and t

177 USD

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