Open Positions Indi
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Open Positions Indi
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.
Description & Settings
These indicators are simplification modifications of the iexposure indicator.
Both indicators are in all functions exact except one is by default set to return [p] = Pips and the other [p] = Points.
Both indicators can display either Pips or Points depending on true/false status of [p_as_Points] option.
The MT4 terminal returns profit as a) Points or b) Term Currency or c) Deposited Currency. Points is consistent with MT4 Terminal, however, individual preference may favor Pips.
The indicator must be placed in a secondary window such as a MACD or Stocastics window -
note:
the indicator will not display in the chart-primary window.
If a second window is not in use attach Blank.mq4 as a secondary window. See above download files.
Drag and drop indicator on secondary window.
Display will appear only when a trade is opened.
Increase/decrease width between columns:
Use X_Distance_Multiplier option with small decimal increments - too large an increment, up or down, will result in indicator display shifting off-screen. Example: [p]=Points:
Profit-Loss [€]
Lots - long[10.00 L] German Bund & short [-0.01 L] Dow-Industrial
Points [p]
Symbols [EuBundMar12...] Example: [p]=Pips:
Profit-Loss [£]
Lots - all positions long [0.10 L]
Pips [p]
Symbols [EURUSD...] Permanently change defaults options - examples provided . Edit the below highlighted code to permanently change default options.
See here for examples - scroll towards end of SL+TP-CP Dist Indi - v2.
//**** START OF DEFAULT OPTIONS
extern color Symbols = LightSlateGray;
extern bool p_as_Points = true;
extern color Pips_or_Points = DarkOrange;
extern color Lots_Long = Lime;
extern color Lots_Short = Red;
extern string Currency_Symbol = "£";
extern color Prof_Gain = Lime;
extern color Prof_Loss = Red;
------------------------------------------
extern int corner = 1; //0 - for top-left corner, 1 - top-right, 2 - bottom-left, 3 - bottom-right
extern int Line1_Distance_Y = 1;
extern double X_Distance_Multiplier = 1.5;
extern int Font_Size = 8;
extern string Font_Face = "Arial Bold";
//**** END OF DEFAULT OPTIONS
Credits:
Thanks to Daniel Kirstein for contributions: X_Distance_Multiplier and corner.
