Headroom Rule Monitor
- Utilità
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Abraao Moreira
MQL5 Developer | Indicators, Expert Advisors and Trading Tools - Versione: 1.0
Headroom Rule Monitor keeps two things in view on one small panel: your account result and the distance to the limits you set for yourself. It is an indicator. MetaTrader 5 does not allow indicators to call OrderSend(), and this indicator contains no trading functions. It never opens, modifies or closes a position.
Account result
The panel shows balance and equity, today's result (closed trades since the day reset plus open positions), and for the account history: number of trades, win rate, profit factor, expectancy, maximum drawdown of the closed-trade curve and costs (commission, swap and fees).
Your limits
Enter your own values, in percent of the account size or in account currency:
- Daily loss limit, measured from the balance at the day reset, with a reset hour you choose
- Maximum loss limit below the account size
- Profit target
For each limit, the panel shows how much is used, how much room is left and, for the two loss limits, the equity level that would reach it.
Alerts
Choose the warning levels for each limit (default 50, 75 and 90 percent; 100 is always added). When a level is reached, the panel status line and an optional terminal pop-up report how much of the limit is used and how much room is left. Each limit sends each level at most once per day. Alerts are informational only.
How the numbers are calculated
The manual shows how each value is calculated, so you can check the result yourself.
Privacy and support
The indicator reads only your account data inside the terminal. It does not collect personal data, makes no internet requests and uses no DLLs. Questions and bug reports are answered in the product comments. When a problem is reported and we can reproduce it, we ship a fix within 72 hours. The indicator is tested on MetaTrader 5 for Windows run under Wine on Linux; it has not been tested on a real Mac.
About the demo
In the Strategy Tester there is no account history and pop-up alerts do not work, so the panel shows zeros there.
Notice
This tool only reads and displays information about your own account. It does not trade, give signals, recommend any action, broker, firm or instrument, or guarantee any result, including passing an evaluation, keeping an account or receiving a payout. If you follow limits set by a third party, check their current rules; their own calculation always prevails. Check whether the broker you use is authorized in your country.
