calc profit loss on line price
Info
The calc profit loss on line price is a Expert Advisor for MetaTrader 4 that based on the code by igor v. kim aka kimiv.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use calc profit loss on line price
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
based on the code by igor v.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Position Size Calculator MT4 - another powerful expert for MetaTrader 4 traders.
based on the code by igor v. kim aka kimiv. improved the code at the request of many traders.
Also recommended: Quantora Risk Calculator MT4: Professional Trade Risk and Reward Analysis - similar expert with strong performance on MetaTrader 4.
this expert advisor calculates the profit or loss in the deposit currency of all the market orders opened on the current chart, at the desired price of the symbol. the calculations are performed using the horizontal line placed by the trader, with the "lp" name specified in the parameters.create a line and rename it to "lp". when the line is moved, the profit/loss is recalculated, the profit/loss is shown for the price where the line is placed.
if magicnumber is specified, then only the orders with this magic will be considered in the calculation. at magicnumber -1 any orders of the current symbol will be used for the calculation.
You may also like: Quantora Margin Calculator MT4: Professional Margin Requirement Calculator - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.0"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict;
extern string _parameters_trade="-------------"; //
extern int magic=1000; // magicnumber for calculate, -1 any magic
extern string nl="lp"; // name of line.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.