Market / MetaTrader 5 / Utilities /

Pips Counter Basic

FREE

Published: 28 July 2025

Current version: 1.39

Pips Counter Basic

Utilities
Luca Enrico Mattei
Version: 1.39
Updated: 1 September 2025

PipsCounter Basic is an indicator for MetaTrader 5 that displays in real time the pip variation of open positions and provides a daily summary of closed trades.

All information is shown directly in the main chart window in a clear and unobtrusive format.

Features

Real-time pip tracking
Continuously updates the pip difference for each active position on every market tick.
Daily pip total
Shows the net pip value of all closed trades during the current trading day.
TP/SL price labels (New)
Automatically displays the Take Profit and Stop Loss prices directly on their respective lines, with customizable colors, font, and positioning.
Visual customization
Full control over panel placement (four chart corners), font, text size, and colors for gain/loss/neutral conditions.
Broad compatibility
Works with all MetaTrader 5 instruments: currency pairs, indices, metals, commodities, and synthetic assets, regardless of tick size, decimal precision, or quotation format.

Use Cases

Visual monitoring of pip changes on active trades.
Manual analysis during visual backtesting.
Scenarios where pip-based metrics are preferred over profit/loss values in account currency.

Input Parameters

display_corner – chart corner for panel placement
font_name – font used for text display (default: Tahoma)
font_size – text size (default: 11)
color_gain – color for profitable trades
color_loss – color for losing trades
color_neutral – color for neutral/inactive values
label_x_offset – horizontal offset for TP/SL labels (default: 85)
label_y_offset – vertical offset for TP/SL labels (default: 20)
tp_label_color – Take Profit label color
sl_label_color – Stop Loss label color

Technical Requirements

MetaTrader 5 build 2450 or later
Compatible with all brokers (demo and live accounts)
No external DLL dependencies
No WebRequest usage
All calculations executed locally within the platform

👨‍💻 Developed by:
LM | Trading & Development – Let’s build better trades, together.

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