Pyramiding strategies - page 2

[Sergey Golubev]

Money-Meter - indicator for MetaTrader 5

The indicator measures money on a chart.

Why do we need it?

Conventional MetaTrader charts are usually measured in points making it difficult to quickly convert them into money when you need to evaluate a position lot (or several lots).

Why do you need a 'progression' parameter?

By default, the indicator counts the profit/loss for one position of a specified volume, and the progression allows estimating the amount of profits/losses. Consecutive additions at each grid level help to quickly assess the overall depth of the drawdown for a series of averaging positions or the total profit for pyramiding.

What progressions do we have here?

• nonе – no progressions
• equal – equal volume positions
• linear – volumes grow linearly as a natural series
• fibo – volumes grow by Fibo numbers
• martin – geometric progression with the 'multiplicator' multiplier

[Tomas_G]

1 error(s), 12 warning(s) 2 13