DCA Buddy

DCA Buddy: Advanced Price Visualiser

Take control of your multi-position trading with DCA Buddy, an advanced indicator for MetaTrader 5. It provides a clear and accurate visualisation of the average break-even price for all your open trades on the current chart symbol. This powerful tool goes beyond simple averages, correctly handling both one-sided and complex hedged scenarios, and features a sophisticated alert system to notify you precisely when your net position achieves its goals.

Core Functionality & Key Features:

• 1. Precision Break-Even Calculation:

  • Calculates the weighted average break-even price for straightforward scenarios (all buys or all sells).
  • Expertly computes the net break-even price for hedged positions, showing the exact level where your combined buy and sell trades for the symbol result in zero profit/loss.
  • Fee Inclusion: Optionally includes Swaps and Commissions in the calculation for true net break-even accuracy using our high-precision solver.

• 2. Target & Recovery Visualisation:

  • Target Profit Line: Set a monetary goal (e.g., +100 units) and DCA Buddy will draw a line exactly where your basket hits that profit.
  • Recovery/Loss Line: Set an acceptable loss level (e.g., -100 units) to visualize your exit or "recovery" point on the chart.
  • Terminal-Native Solver: Uses the MT5 OrderCalcProfit engine to ensure the lines perfectly match your broker's profit calculations, even on non-USD accounts.

• 3. Multi-Currency Optimization:

  • Dynamic Tick Value Handling: Automatically adjusts for accounts in EUR, GBP, JPY, etc., by fetching live tick values.
  • Zero Drift: Unlike simpler indicators, DCA Buddy accounts for fluctuating exchange rates on cross-currency pairs, keeping your lines stable and accurate.

• 4. Comprehensive Information Label:

  • Displays a detailed text label in your chosen chart corner, providing at-a-glance insights:
    • The calculated Break-Even Price.
    • Current Net Volume and Direction.
    • Target and Recovery prices with their corresponding monetary values.
    • Live Fee tracking (Swaps + Commissions).
  • Smart Anchoring: The label intelligently adjusts its internal text anchor based on the selected chart corner, ensuring it remains fully visible.
  • Customisable: Choose the label's corner, X/Y distance, text colour, and font size.

• 5. Intelligent Alert System:

  • Purposeful Notifications: Get alerted when the market price crosses the break-even line.
  • Persistence: Alert status is remembered even if you change timeframes, reload the indicator, or restart MetaTrader 5.
  • Automatic Reset: Alerts automatically reset if you open or close trades, adapting to your new break-even level.

Technical Specifications (v7.07):

• Engine: Terminal-Native OrderCalcProfit solver.
• Accuracy: Accurate to within 0.01 units of account currency.
• Compatibility: Supports Forex, Indices, Metals, and Crypto.

How to Use:

1. Apply DCA Buddy to any chart in MetaTrader 5.
2. The indicator automatically scans open market positions for that specific symbol and displays the lines and information label.
3. Customize look, feel, and monetary targets through the indicator's input parameters.

Ideal For:

• DCA Traders: Anyone employing averaging strategies who needs awareness of their evolving exit points.
• Grid/Basket Traders: Manage complex multi-position setups with ease.
• Manual Hedgers: Visualize exactly where your hedged "lock" can be broken for profit.