Quote Cost Parity
- Utilities
- Version: 2.0
- Updated: 8 October 2026
Quote Cost Parity is a MetaTrader 5 chart panel for forex majors and minors that share a quote currency. Pairs with the same quote have the same pip cost for a given lot. The indicator uses that correspondence directly: it calculates the cost once for the group, then shows that cost for three lot sizes.
It acknowledges only these quote groups.
- JPY: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY. Source: USDJPY.
- CHF: USDCHF, EURCHF, GBPCHF, AUDCHF, NZDCHF, CADCHF. Source: USDCHF.
- CAD: USDCAD, EURCAD, GBPCAD, AUDCAD, NZDCAD. Source: USDCAD.
- USD: EURUSD, GBPUSD, AUDUSD, NZDUSD. Source: EURUSD.
- NZD: EURNZD, GBPNZD, AUDNZD. Source: EURNZD.
- AUD: EURAUD, GBPAUD. Source: EURAUD.
- GBP: EURGBP. Source: EURGBP.
A pair is included only when its quote matches the cell and it is in that list. GBPUSD belongs to the USD cell, not the GBP cell, because its quote is USD. Exotics and unlisted crosses are ignored.
Two sizing modes use the same shared value.
- Fixed lots: three lot sizes, each converted to account-currency cost.
- Risk percent: three percentages of account balance. With a stop set, the lot is sized so that distance costs that percentage. With the stop at zero, one pip or point is sized to that percentage.
The value can be shown per pip or per point. Pip mode treats 3- and 5-digit symbols as 10 points per pip. Lots are normalized to the source symbol's minimum, maximum, and step. A symbol suffix can be set, or left blank to try common suffixes. The account balance in the title refreshes with the panel. The indicator does not place or manage trades.
| Variable | Value now | What it does |
|---|---|---|
| Symbol suffix | blank | Added to each pair name. Blank tries the raw symbol, then .pro, .fx, .lq, pro, m, .m. |
| Show pip values or point values | 1 point | Costs are for 1 SYMBOL_POINT, not 1 pip. On a 5-digit pair, 1 point is one-tenth of a pip. |
| Lot sizing mode | Percentages | Uses the three account-risk percents. The fixed lot sizes are ignored in this mode. |
| Fixed lot size 1 | 0.01 | First lot in Fixed mode only. |
| Fixed lot size 2 | 1.0 | Second lot in Fixed mode only. |
| Fixed lot size 3 | 10.0 | Third lot in Fixed mode only. |
| Account risk % 1 | 0.5 | First balance percent. With the stop at 0, a 1-point move equals 0.5% of the balance. |
| Account risk % 2 | 1.0 | Second balance percent. Same rule, 1% per point. |
| Account risk % 3 | 2.0 | Third balance percent. Same rule, 2% per point. |
| Stop-loss pips/points | 0.0 | No stop distance. Above 0, each percent is the loss if price reaches that stop. |
| Panel background | 10,12,20 | Dark blue-black panel and chart background. |
| Cell background | 22,28,42 | Cell fill. |
| Cell border | 70,90,130 | Cell outline. |
| InpTitleColor | 230,200,80 | Gold title and QUOTE(...) text. |
| InpTextColor | White | Pair list at the bottom of each cell. |
| InpValueColor | 80,220,160 | Green lot-cost lines. |
| InpMutedColor | 150,160,180 | Subtitle, Source:, and the identical-cost note. |
| Header floor | 9 | Smallest header size. The title can grow above this. The subtitle stays smaller. |
| Source and note font | 9 | Target size for Source: and the identical-cost line. |
| Lot cost font | 12 | Target size for the three green cost lines. |
| Pairs list font | 9 | Target size for the pair names at the bottom. |
| Refresh seconds | 1 | Panel recalculates every second. Minimum is 1. |
