PL Percentage Indicator

4

Description

The Profit and Loss Indicator by Creative Tech Solutions is a robust and comprehensive tool designed to help traders monitor their trading performance in real-time. This indicator provides detailed metrics on profits and drawdowns, ensuring traders are always informed about their trading activities and performance. With customisable alerts and display settings, this indicator is an essential tool for any serious trader.

Features

  • Real-Time Metrics: Monitor profit and drawdown percentages in real-time.
  • Comprehensive Logging: Detailed logging of trading metrics to a CSV file.
  • Customisable Alerts: Visual and sound alerts for critical profit and drawdown thresholds.
  • Flexible Display Options: Customisable display settings for optimal on-chart visualisation.

Usage Instructions

  1. Configure Input Parameters:

    • Once attached to a chart, the input parameter window will appear.
    • Adjust the settings as needed (see the explanation of input parameters below).

  2. Monitor the Display:

    • The indicator will display profit and drawdown percentages directly on the chart.
    • Alerts and thresholds can be configured to notify you of significant events.

  3. Check the CSV Log:

    • The indicator logs detailed metrics to a CSV file ( TradeMetrics.csv ) in the common files directory.
      (Known Issue - if the CSV file is open, new logging info cannot be written)

Explanation of Input Parameters

General Settings

  • Display Label: Customise the label text for profit and drawdown display.
  • Neutral Colour: Colour for neutral values (0.00%).
  • Drawdown Colour: Colour for negative drawdown values.
  • Profit Colour: Colour for positive profit values.
  • Font Size: Set the font size for the on-chart display.
  • Font Style: Choose the font style for the on-chart display.

Display Settings

  • Display Corner: Set the corner of the chart where the display will appear.
  • Distance from Edges: Set the distance from the chart edges for positioning the display.

Profit Threshold Settings

  • Enable Profit Threshold: Toggle profit threshold alerts on or off.
  • Profit Threshold: Set the percentage threshold for profit alerts.
  • Alert Profit Threshold: Set the percentage for triggering profit alerts.
  • Profit Threshold Colour: Colour for the profit threshold indication.
  • Profit Threshold Font Size: Font size for the profit threshold display.
  • Profit Threshold Font Style: Font style for the profit threshold display.

Drawdown Threshold Settings

  • Enable Drawdown Threshold: Toggle drawdown threshold alerts on or off.
  • Drawdown Threshold: Set the percentage threshold for drawdown alerts.
  • Alert Drawdown Threshold: Set the percentage for triggering drawdown alerts.
  • Drawdown Threshold Colour: Colour for the drawdown threshold indication.
  • Drawdown Threshold Font Size: Font size for the drawdown threshold display.
  • Drawdown Threshold Font Style: Font style for the drawdown threshold display.

Alert Settings

  • Enable Sound Alert: Toggle sound alerts on or off.
  • Enable Flash: Toggle flashing alerts on or off.
  • Flash Speed: Set the speed of the flashing alerts in milliseconds.

Examples of How It Can Be Used

  1. Real-Time Monitoring:

    • Attach the indicator to your active trading chart to monitor your trades' real-time profit and drawdown percentages. Customise alerts to notify you when significant thresholds are met.

  2. Post-Trade Analysis:

    • Use the CSV log file to review detailed metrics of your trading sessions. Analyse the max profit, max drawdown, and final profit percentages to evaluate your trading performance.

  3. Setting Alerts for Risk Management:

    • Configure profit and drawdown thresholds to receive alerts when your trades hit certain levels. This can help you manage risk and make informed decisions on whether to continue or exit trades.

  4. Customising Display for Optimal Visualisation:

    • Adjust the on-chart display settings to position the profit and drawdown metrics in the most convenient location on your chart. Customise the colours and font styles to match your chart theme for better readability.

Disclaimer:

The Live P&L Percentage Indicator v1.0 by Creative Tech Solutions is provided for informational and educational purposes only. It is not intended to be relied upon as financial advice or as a sole basis for making trading decisions. Trading in financial markets involves significant risk and may result in substantial losses. Past performance is not indicative of future results.

Creative Tech Solutions and its developers do not guarantee the accuracy, completeness, or reliability of the information provided by this indicator. The user assumes all risks associated with using the Live P&L Percentage Indicator v1.0, including but not limited to, risks associated with trading in volatile markets.

Before using this indicator, users should conduct their own research and seek advice from a qualified financial advisor if necessary. Creative Tech Solutions and its developers shall not be held liable for any direct, indirect, consequential, or incidental damages arising from the use or misuse of this indicator.

By using the Live P&L Percentage Indicator v1.0, you acknowledge and agree to this disclaimer. Use this indicator at your own risk.



Reviews 2
James Erasmus
3743
James Erasmus 2024.11.27 12:24 

Exceptional, however only percentage value, what about pip from entry. What if multiple orders. No support yet from developer about these issues. So cannot use indicator as perhaps trade size is intentionally lower or higher this would skew the indicators purpose.

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Indicators
Tokyo Indicator provides a clear visual overview of trend direction, potential trading signals, and market conditions. Its colour-coded, stepped trend line distinguishes bullish phases in blue from bearish phases in magenta. Matching directional arrows highlight potential buying and selling opportunities when the displayed trend changes. An integrated dashboard brings together the current signal, market bias, momentum, volatility, and signal quality in one convenient view. This allows traders t
Entry In The Zone and SMC Multi Timeframe
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4.94 (50)
Indicators
Welcome to Entry In The Zone & SMC Multi Timeframe —  COMPLETE SMC ANALYSIS SYSTEM — ALL IN ONE INDICATOR Entry In The Zone & SMC Multi Timeframe  An indicator designed for market analysis based on Smart Money Concepts (SMC), displaying Market Structure, Key Zones (Order Blocks, Supply & Demand Zones, and Fair Value Gaps), Liquidity, and real-time BUY / SELL signals. It supports both Single-Timeframe and Multi-Timeframe analysis, along with the Confluence at Zone feature, which helps you evaluat
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Ihor Otkydach
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Indicators
Each buyer of this indicator also receives the following for free: The custom utility "Bomber Utility", which automatically manages every trade, sets Stop Loss and Take Profit levels, and closes trades according to the rules of this strategy Set files for configuring the indicator for various assets Set files for configuring Bomber Utility in the following modes: "Minimum Risk", "Balanced Risk", and "Wait-and-See Strategy" A step-by-step video manual to help you quickly install, configure, and
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Daniel Stein
4.58 (12)
Indicators
Power Candles - Self-Optimizing Strength Indicator Strength usually lives in a sub-window. The line runs below, the candle above, and your eye keeps connecting the two. Power Candles puts the strength into the candle itself, colored from dark red to dark green, so the chart reads at a glance and the sub-window stays closed. The indicator also finds its own settings for the symbol and timeframe in front of you. One click on [ Apply Best ] draws entry, Stop Loss and Take Profit at the exact prices
Currency Strength Wizard MT5
Oleg Rodin
5 (1)
Indicators
Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
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Issam Kassas
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Indicators
Unix Scalper — MetaTrader 5 Message me on MQL5 after purchase to receive Smart Universal Expert Advisor for FREE, plus the online course, PDF manual, and private group access. Find the setup. See the plan. Choose how to trade it. UNIX Scalper brings market analysis, BUY/SELL/WAIT decisions and Entry, Stop Loss, TP1 and TP2 levels into one organized panel. SEE THE SIGNAL AND THE PLAN • Clear decisions: BUY, SELL or WAIT. • Defined levels: Entry, Stop Loss, TP1 and TP2. • Multi-timeframe overvie
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5 (5)
Indicators
Crystal Heikin Ashi Signals—Professional Trend & Signal Detection Indicator Advanced Heikin Ashi Visualization with Intelligent Signal System for Manual & Automated Trading Final Price: $149 ---------> Price goes up $10 after every 10 sales . Limited slots available — act fast . Overview User Guide PDF Crystal Heikin Ashi Signals is a professional-grade MetaTrader 5 indicator that combines pure Heikin Ashi candle visualization with an advanced momentum-shift detection system. Designed for both m
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Davit Beridze
5 (6)
Indicators
Auto Optimized SpeedAngle is an institutional-grade momentum vectoring system that eliminates curve-fitting through continuous Walk-Forward Optimization (WFO). Rather than relying on static inputs that degrade when market regimes shift, the indicator dynamically recalibrates its parameters using Out-of-Sample (OOS) validation, ensuring the displayed signals represent genuine statistical edges rather than historical anomalies. By shifting the focus from subjective visual angles to normalized, qua
Smc Pro ToolKit
Talal N Z Aljarusha
5 (14)
Indicators
SMC PRO TOOLKIT — SMART MONEY ANALYSIS & STRUCTURED TRADE PLANNING SMC Pro ToolKit is a professional Smart Money Concepts analysis workspace for MetaTrader 5. It combines market structure, multi-timeframe analysis, institutional price zones, setup evaluation, confirmation tools, volume context, alerts, and risk planning inside one organized chart environment. One workspace. Multiple layers of confirmation. One structured trading plan. OPEN COMPLETE USER GUIDE MULTI-CONDITION SETUP ENGINE At
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Price and Spread Indicator
Martin John Davidson
Indicators
Price and Spread Indicator Version: 1.0 Developer: Creative Tech Solutions   Website: https://www.creativetechsolutions.co.uk Overview The Price and Spread Indicator is a great tool for MetaTrader 5 that displays the Ask and Bid prices along with the spread directly on the chart. This indicator provides real-time updates and allows traders to make informed decisions based on accurate price information. Features - Real-time Price Updates: Continuously updates Ask and Bid prices. - Spread Disp
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James Erasmus
3743
James Erasmus 2024.11.27 12:24 

Exceptional, however only percentage value, what about pip from entry. What if multiple orders. No support yet from developer about these issues. So cannot use indicator as perhaps trade size is intentionally lower or higher this would skew the indicators purpose.

FanfanLaTulipe
121
FanfanLaTulipe 2024.11.21 11:01 

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