Profit Loss Monitor
Helps you quickly visualize what the projected return/loss of your current positions will be if the price moves to different price levels.
This monitor takes into account any open position (with their corresponding stop loss and target profit if set) in order to calculate the profit/loss of each individual position at the different price levels.
It also takes into account pending orders if entry price is reached when evaluating a price level.
Price levels are fully configurable to fixed ones, just use big figures, or rounded number of pips, like 50, 25, 20, etc
The default configuration uses big figures (100 pips steps) to project profits/losses.
StepPips: the first parameter the size in pips between price levels. The default is 100 pips, which will generate price levels at big figures. If you want to see levels closer, just set a value of 50, and price levels will show separated by 50 pips instead.
UseFixedLevels: The second parameter enables using the following fixed price levels instead of the calculated ones if using the default configuration. Fixed levels are useful if you are planning to exit/add to the existing positions at some predefined levels, like support/resistance levels or any other important level for you. By setting the fixed levels, you can know now, at realtime, how your account equity and profit/loss will be when price reach that fixed level.
UpperLevel1to3: These paremeters are fixed levels to evaluate profit/loss ABOVE current price. Level1 should be a price level higher than current price. Level2 higher than Level 1, Level3 higher than Level2. If no values are set in any level, a big figure will be used instead.
LowerLevel1to3: These paremeters are fixed levels to evaluate profit/loss BELOW current price. Level1 should be a price level lower than current price, Level2 lower than Level1, Level3 lower than Level2. If no values are set in any level, a big figure will be used instead.
This EA is informative only. It will not affect any open positions in any way.
IMPORTANT: The calculations are useful if you are trading just ONLY ONE currency pair. If you have open positions in different pairs, other positions different than the chart's one where this EA is running will be ignored for calculation purposes.
So if you are trading different currency pairs at the same time, the calculations performed by this EA will probably be not useful at all.