Market / MetaTrader 4 / Utilities /

BreakEven

30 USD

Demo downloaded: 42

Published: 13 June 2014

Current version: 1.10

BreakEven

Utilities
Sergio D. Rocha
Version: 1.10
Updated: 22 November 2021
Activations: 5

BreakEven shows the location of the average price level of the orders in the symbol, to which the indicator is attached.

This information allows you to find the break-even.

The indicator is helpful if you manage several positions, since it allows you to evaluate the performance of your open trades in a glance. If you trade a single order, it allows you to evaluate the effect of your stop loss and the profit or loss during the time your trade is open.

Apart from drawing a break-even level line (when instructed so in the parameters), the indicator can also show you in text (in the comment zone up in the price chart or in the indicator window) the profit or loss at the moment the orders were placed at the current symbol. If you have a stop loss placed, the indicator also shows you the potential profit or loss (if the broker fills them at the exact price).

The indicator changes the color of the chart when the price crosses the breakeven line (named AvgPrc), no matter if the crossing is performed within the same candle or if the crossing starts at one candle and is completed during the next candle.

Its configuration is really simple - you can choose to make the indicator show you the info in the comments zone (by selecting true) or in the indicator window. As this is an empty window, you can add there the indicator that you always use to save space. Just drag the necessary indicator from the Navigator and drop it over the BreakEven indicator window.

You can choose if the indicator must recalculate the values only if the price changes on the symbol or also if you touch some on the chart (this is helpful to save time when the market is slow).

You can also set the color of BreakEven chart and its background if the price crosses over the line and the background color during the non-crossing time.

At the last parameter, you can instruct to include all the orders (pending and open) or just those that are already open.

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This is a technical indicator that put on strategy tester the buttons of the expert adviser "Control adora". Usually when applied the controladora to the strategy tester, the buttons do not appear and therefore its functions (like directly buy, sell, close orders or place stop loss indicator) can't be used. But now you can if have the Manual Backtest indicator. If you don't have Control adora, you can get it from here . This indicator get on the chart the buttons that can be of use in strategy t

FREE

This is an extension of the previous published DollarIndex with the addition of the function for calculating EURO Index under ICE Formula. Note that the broker should provide the following data: For Dollar Index formula, EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK and USDCHF are needed. For Euro Index formula, EURUSD, EURGBP, EURSEK and EURCHF are needed. Now in this version if the SEK (the most uncommon) is not provided, the formula still works, since it adds 0.0001 to its value, but the index will

FREE

This is a system consistent of 2 components: RepliTrades Source: It sends the trades to one or more terminals into the same Computer RepliTrades Trader: It trades the orders sent by RepliTrades Source Please watch the video to learn how it works and use it. Features: Manage up to 300 trades at same time in each terminal Work with any broker, no matter if uses suffix or prefix in symbols names Replicate pending orders (limits or stops orders) or direct trades (market orders, etc) and its modif

FREE

This is a very simple indicator that mixes the Sunday session with the Monday one. This is useful because the Sunday session is a partial session mostly with only Australian and Asian sessions included, so the analysis of the Monday's daily session if mixed with Sunday tends to be more comprehensive. This indicator plots a candle with the following values: Open - the Friday's Close or Sunday's Open (depending on your choice). High - the highest High of Sunday and Monday. Low - the lowest Low of

FREE

This is a very silly script but perhaps you find it useful. It deletes all objects from the chart. I recommend setting a hot key to call it just by pressing a couple of keys on your keyboard. To avoid accidental deletion of object, the script will ask you to confirm the action as you won't be available to restore them with "undo" (Ctrl+Z).

FREE

Trailing Even is a free complement for the Control adora Expert Adviser. It adds a trailing stop function and changes the exit level that works as stop loss if some price is reached, let's review how to make it work: First of all make sure you have the same language selected both in the Control adora Expert and in this indicator. Change of the exit level that works as stop loss with "BES" and "BEO": This function needs 2 arrows to work: 1 named BES (stands for Break Even Start) place it at the

FREE

AllHere is a plug-in for Control-adora that works as information panel. Its main function is to show you all the Control-adora elements placed in the chart, like the Control-adora's orders or the exit lines. On the lower left corner, AllHere shows a collection of buttons classified by color (you can set them in the indicator's properties) for several elements used in Control-adora system: Stop loss indications (stop loss Arrows) Exit lines Above (Above trend lines) Exit lines Below (Below trend

FREE

This is a technical indicator that works as a plug-in for "Control adora" - the Expert Advisor that helps you to calculate, place and control positions on the chart. When run on a chart with Control adora EA, this plug-in allows setting entry levels that send orders at contact, while you have StopCloseOnly (OCO in Comments) = 1 settled in Control adora (meaning that without this, the indicator will send the order only when the price Close crosses the arrow level). This indicator only works if yo

FREE

"TradeALot" is a plug-in for the Expert Advisor Control-adora . It allow you to place programmed orders without the need to write the name of the order in the Arrow (like bs, ss, bl, sl, sl1, sl2, etc). Just drag and drop the button for "Programmed Buys" or "Programmed Sells" over the candles-zone at the place where you want to program the order and TradeALot will compare the bid price with the position where you dropped the button and will decide if the order need to be "Stop" or "Limit". With

FREE

CorExTi is a tool that will save you literally hours in your daily routine to draw lines and other graphic elements in your charts. With a temporary panel discreetly displayed on your screen at the touch of a graphic element as trendline: Changes the object between 4 favorite line styles (with color, line thickness and style) Cuts trendlines, when are extended, just at the point where you touch them Extends trendlines (active property of Ray) which are not extended Or deactivates visualizat

30 USD

The best way to monitor multiple pairs within little workspace. RotaGrafico sequentially displays up to 6 different pairs. It has buttons to set a pair more time for observation. Normal exposure time adjustable. Broad exposure time adjustable. Combine in a profile, Rotagrafico and use the rest of your workspace to the pair that you want to analyze in detail.

30 USD

Controladora means in Spanish controller, this is a simple yet powerful Expert Advisor that allows you to control your trading easily and precisely. Do you want to stop your trade when the price cross a trend line? Don't worry, Controladora can do it. Do you want to take profit when the price reaches the top of a channel? Controladora can do it as well. Calculating the exact proportion of your account by opening a trade, which size represents in case of loss a percentage of your balance, is time

69 USD

When you combine short term fibos with the long term, your chart get missed up with a lot of lines that hardly make sense at first view. The best way to improve the clearness and there for the easiness to read your chart is by deleting the fibo levels that you no longer need, for example those levels that the price proved didn’t work as support or resistance. With Fibo Pro, you can activate or deactivate from a set of fibo levels pre-settled by you, without miss with the default fibo configurati

30 USD

Gann Line indicator is usually used in combination with other Gann’s techniques, some say this is a key point in its success. The Gann line is interpreted as trend indicator, a series of higher highs and higher lows in it's trend are considered bullish, and a series of lower lows and lower highs are bearish. As with other technical indicators, for better results Gann Line should be used in combination with other technical concepts as Gann Fan, fibo, swings, supports and resistance, etc. When rev

30 USD

The indicator that helps you by plotting a reference to easily determine if a scalping trade (or intraday trade) has chances to work out in your favor. One of the most common issues intraday traders have is the lost of reference to know if a movement is big or small due to the scaling of the chart. With this indicator, you have 3 visual aids on your chart that will help you: "Screener" : Please set the normal stop loss size that you usually apply in your strategy. This will plot a rectangle afte

30 USD

Gann and other analyst had found a curious correlations between moon phases and change in trends, this is an excellent indicator to test those relation and use what you find useful. It's very simplistic, can calculate the moon phases using the average moon cycle duration of 29 days 12 hours 44 minutes since the 1970 first full moon registered at January 22nd. You can also place a known full moon's date, to start the count since the daily opening of that date. In its window will plot a vertical l

30 USD

This indicator plots a line that shows the high and low of a higher time frame than the one where you have actually in your chart. For example if you want to see the high and low of the day while you are in 1hour chart, set Boundaries to Daily. Boundaries have predefined Monthly, Weekly, Daily and Hourly time frames, but if you want to use a different timeframe, just choose the option Other_TF and write on the next field the minutes for your desired timeframe. As MT4 only works beyond M1 with 5,

30 USD

This indicator works exactly the same as the Boundaries indicator, but here as a free demo that only shows the high and low of the week. As the Boundaries indicator does, this indicator can work with any symbol. In the Colors tab you can set the color for the Upper and Lower boundaries. Please review the pics or watch the Boundaries indicator video to better understand how it works.

30 USD

Having a trade about to reach its take profit and suddenly see that it turns around to go strait ahead to your Stop Loss is one of the few things that makes me curse (a lot). This is why I created AntiCurse. Just add this Expert Advisor to an empty chart, set a "Trigger" and "Lock" in its properties and you'll have one less reason to curse! AntiCursing Settings: "Trigger" is set in percentage terms, it is the distance between the entry price and the Take Profit that needs to be covered in orde

30 USD

When drawing a trend line or other objects, there is a natural deviation when you place the object from a higher time frame, and then go to watch it in a lower time frame. PerfectLine is a technical indicator that solves this problem. Once you touch a line after drawing it, Perfect Line will find the exact spot in the lower time frame available for it's position and then rectifies where it should be. Perfect Line uses a five pixels pre-established tolerance, if a difference between the line's no

30 USD

The Polarized Fractal Efficiency (PFE) was introduced by Hans Hannula in 1994. The indicator was intended to quantify the efficiency of price movement and how trendy or choppy the recent past price action has been. This is calculated by contrasting the price traveled in the window of study against the total accumulation of movements during the same period of time. For example: If in 10 days, an active raised from 50 to 100, by increasing it's value 5 points or dollars each session, the effici

30 USD

Cross Alert is an all-in-one solution for oscillators' cross over and under. Cross Alert manages the levels for the cross under and cross over separately. Thanks to this you can use it to signal zero cross over (by fixing both levels, above to below, and below to above as zero) or over-bought and over-sold levels (like 70 and 30) as well. With CrossAlert you can also avoid alerts from one kind of crosses (overs or unders), for example if you are in an uptrend perhaps you do not want to have ale

30 USD

AdvancedTradeLog is a system that allows you to keep visual register of what you had in your chart when you take a trade decision. Basically it takes screenshots of your chart each time you open, modify or close a trade. But not just that, AdvancedTradeLog gives you the ability to record the reasons of why you take those decisions. All who had been trading some time knows that keep a track-record of what you decide and why on the market, is a powerful tool to improve your performance. AdvancedTr

30 USD

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Version 1.10 2021.11.22

Recompiled with latest MT4 build, requested by mql5.com