Breakeven and Risk Percentage Line MT4
- Utilities
- Sajiro- Yoshizaki
- Version: 2.21
- Updated: 13 February 2024
- Activations: 20
This tool does not work with the Strategy Tester. Free trial:https://www.mql5.com/en/blogs/post/753244
This tool allows you to visualize the profit and loss line, showing profit and loss percentages, actual profit and loss amounts, and PIPS values, all based on your account balance.
You can select the lines, drag and drop them to instantly see the profit and loss percentages, amounts, and PIPS values at different price points.
If you ever want to return to the original position after moving the lines, simply double-click, and they will snap back to their original parameters.
This tool can even notify you when the current price reaches the profit or loss line.
Key features:
- Display the break-even line
- Display lines at specified profit/loss percentages or amounts
- Calculate and display loss percentages based on the account balance
- Convert and display profit percentages to profit amounts
- Calculate and display profit percentages based on specified profit amounts
- Select and drag lines to view profit/loss percentages, amounts, and Pips/Points
- Double-click on moved lines to return them to their original position
- Support for setting and viewing in PIPS
- Receive notifications when the price touches the profit or loss line
- Comprehensive calculations, including credit considerations
Parameters:
See the screenshot for a list of parameters.
Notes on parameters:
The TYPE parameter specifies a percentage, amount, or PIPS/point value to be calculated based on the specified account balance.
The VALUE parameter specifies the type of value specified by the TYPE parameter.
Please note that the "TYPE" parameter determines the calculation method, while the "VALUE" parameter sets the specific value based on the selected type.