Local Currency Converter Indicator MT4
- Indicators
- Muhammad Usman Siddique
- Version: 1.0
The UzFx-Local Currency Converter-MT4 is a powerful and easy-to-use indicator designed for traders who want to track their floating and daily profit & loss (P&L) in both USD and their local currency. This tool provides real-time conversion using a user-defined exchange rate, helping traders visualize their trading performance more effectively.
Key Features
Displays running profit and loss in USD and your local currency.
Daily Profit & Loss Calculation – Tracks closed trades' P&L for the current day.
Convert P&L into your desired local currency (e.g., PKR, INR, AED, etc.)
Exchange Rate Customization – Manually set the exchange rate for accurate conversion.
Daily Loss Limit Monitoring – Alerts you when the daily loss limit is reached.
Automatic Reset at Midnight – Daily P&L resets automatically every trading day.
Adjustable UI Placement – Modify font size, color, and positioning on the chart.
Why Use This Indicator?
Avoids unnecessary manual conversions and calculation errors.
Provides a clear and structured view of running and closed trade profits.
Ensures better risk management by tracking daily loss limits.
Note: The indicator does not execute trades; it is purely for P&L monitoring and currency conversion.
