ForexFacile Info Suite
The indicator gives a handy view of the real time account situation directly on the left hand top.
Data is displayed continuously to help you in controlling risks.
The product works on any pair. Just launch it on your chart.
- Account balance: actual balance on your account.
- Account profit: how much your position(s) is earning / losing while it is open.
- Account Equity: how much balance on your account is moving during the open position(s).
- Equity Drawdown%: percentage of equity involved in open position(s), a vital indication of the risk your strategy takes.
Important: A constant check up of the Equity Drawdown % is necessary when you are using a strategy on a real account. It is better to make an intervention on your parameters reducing aggressiveness when, and if, the value exceeds 20%. Please consider a multi year long expectance: the maximum drawdown you have seen in a couple months would probably increase in the future, so be prudent.
Thanks to Ismail77 for the code - this is a modified version.