MagicPips Forex Pip Counter

MagicPips - Ultimate Free Position Pip Counter

Track Your Trading Performance in Real-Time with Precision

MagicPips is a professional-grade tool for MetaTrader 5 (MT5) that provides traders with immediate, accurate pip calculations for all open positions. This utility offers a clear and customizable display of profit and loss in pips, helping traders monitor performance efficiently.

Key Features

Real-Time Pip Tracking

• Continuously updates pip gains and losses for all open positions (both buy and sell).

• Displays a total pip summary for quick performance assessment.

• Updates with every tick or via a high-speed 50ms timer for precision.

Text and Font Customization

• Font Selection: Choose from three professional font styles:

  • Tahoma Bold (clean and modern)

  • Consolas Bold (monospaced for alignment)

  • Courier New Bold (classic terminal style)

• Adjustable Font Sizes:

  • Total pips (large for visibility)

  • Symbol names (smaller for organization)

  • Individual pip values (balanced readability)

Color Customization

• Profit/Loss Highlighting:

  • Customizable profit color (default: Deep Sky Blue)

  • Customizable loss color (default: Orange)

• Symbol Text Color: Default (Orange) for easy identification.

Layout and Spacing Control

• Positioning:

  • Adjustable right margin (distance from chart edge)

  • Adjustable top margin (starting position)

• Spacing Options:

  • Total row spacing (gap after summary)

  • Position row spacing (gap between trades)

  • Symbol-to-pip spacing (prevents text overlap)

Number Formatting Options

• Hide .0 Decimals: Remove unnecessary decimal points from whole numbers.

• Show + Sign: Display a plus sign for positive values.

• Align Decimals: Ensure clean column alignment.

• Pip Value Divisor: Scale pip values for different trading styles.

Efficient and Clean Display

• Only activates when trades are open (no clutter).

• Optimized for performance (minimal resource usage).