Account Balance Margin Indicator
Info
The Account Balance Margin Indicator is a Indicator for MetaTrader 4 that description:this indicator displays essential account information, including balance, equity, margin, free margin, and profit. It offers flexibility in positioning and customization.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Account Balance Margin Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Description:This indicator displays essential account information, including balance, equity, margin, free margin, and profit.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: order balance control - another powerful indicator for MetaTrader 4 traders.
Description:This indicator displays essential account information, including balance, equity, margin, free margin, and profit. It offers flexibility in positioning and customization.
Also recommended: on balance true range indicator - similar indicator with strong performance on MetaTrader 4.
Positioning:
- Vertical: Set the X-distance from the bottom-left corner (corner 2) to control the horizontal alignment of all text. For vertical justification, enable 'acc_x_distance_control_all_x' and disable 'acc_y_distance_control_all_y'.
- Horizontal: Set the Y-distance to align text along the vertical. Enable 'acc_y_distance_control_all_y' and disable 'acc_x_distance_control_all_x' for consistent horizontal positioning.
Customization:
- Currency Symbol: Insert the desired currency symbol (£, $, €, etc.) in the 'acc_currency_symbol' input.
- Font Type: Choose the font style, e.g., 'arial bold' (case-sensitive).
Default Options:
To modify default settings, open 'acc+bal+marg-indi.mql4' in MetaEditor and locate the code section starting with 'start of default options'. Here, you can customize various parameters:
- 'account_options': Adjust account-related settings.
- 'acc_currency_symbol': Set the currency symbol.
- 'acc_corner': Choose the corner for text positioning (0, 1, 2, or 3).
- 'acc_x_distance_control_all_x': Enable/disable horizontal alignment for all text.
- 'acc_x_distance_set_all_x': Set the X-distance for all text.
- 'acc_y_distance_control_all_y': Enable/disable vertical alignment for all text.
- 'acc_y_distance_set_all_y': Set the Y-distance for all text.
- 'acc_x_distance_*': Adjust X-distances for individual account parameters.
- 'acc_y_distance_*': Adjust Y-distances for individual account parameters.
- 'acc_color_*': Customize colors for different account values.
- 'acc_font_size': Set the font size.
- 'acc_font_type': Choose the font type.
- 'acc_hide_*': Show/hide specific account parameters.
Note: Ensure proper indentation and formatting when modifying the code.
You may also like: Account Information Display Indicators for MT4/MT5 - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property indicator_chart_window
extern string account_options;
extern string acc_currency_symbol="$";
extern int acc_corner=2;
extern string ______="";
extern bool acc_x_distance_control_all_x=false;
extern int acc_x_distance_set_all_x=1400;
extern string _______="";
extern int acc_x_distance_balance= 420;
extern int acc_x_distance_equity = 650;.......
⚠ 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.