SL+TP-OE Pip Calc Indy – V2 Indicator

Related: prop firm risk monitor and auto-lot calculator for metatrader 4 - another powerful indicator for MetaTrader 4 traders.

SL+TP-OE Pip Calc Indy – V2 Indicator

Also recommended: Pip Calculator for Order Execution, Stop Loss, and Take Profit - similar indicator with strong performance on MetaTrader 4.

SL Pippdate: CA
Updates:
- Order type discrimination
- SL & TP and OE price
- Enhanced user defined labels

Function
The indicator calculates the pip difference between the order execution (OE) price and the SL & TP price.
It places text labels at SL & TP lines: order type, ticket number, SL & TP price, pip calculation, and pip label.
It also places text labels at OE lines: order type, ticket number, and OE price.
The indicator can be used with MT4 defaults and any other suitable MT4 application.

Labels
Labels can be user defined - see hide options in the input window.
User defined examples:
sell-sl #2751709 * 1.04116 * 276.9 pps
sell-sl #2751709 * 2769 f-pps
#2751709 * 276.9
sell-sl * 2769
1.04116 * 276.9
2769
bs-oe #2738254 * 1.02311 * non digit symbols will default to pps regardless if f-pps (fractional pips - points / 3 & 5 digit pricing) is set to true.

Pip Calculation Test & Check:
SL+TP-OE Pip Calc Indy – V2
1. Cross reference tables and chart with terminal image included on the chart.
2. Tables T-1 & T-2:
a) Terminal: columns 0-2 are values taken from the terminal at the instant of screenshot - these values can be located on the terminal image that is included on the chart.
b) Calculation: column 3 is an Excel calculation of the relevant values.
c) Chart: column 4 is the values as indicated on the chart.
d) Check: column 5 confirms a matching value.
3. All calculations are from order type SL & TP price to corresponding order type order execution (OE) price.
4. OE price can be located in column 6 of the terminal.
5. SL & TP can be located in columns 7 & 8 respectively.
6. Current bid and ask at the instant of screenshot can be located in column 9 of the terminal.

Notes:
1. SL+TP-CP Pip Dist Indi – V2 is not part of Easy Order, functions independent of the Easy Order, and does not attach text to the Easy Order SL & TP lines but to the MT4 default SL and TP values.
2. Easy Order is a free MT4 script and can be downloaded.
Avoid time-wasting repetitions - permanently change defaults - examples provided.
If you have not edited before, it is dead easy and saves time and tedious unnecessary repetitions.

To edit the indicator:
1. Open MT4, locate View at the top left of the menu, and click, then click Navigator.
2. The Navigator window will have opened on the left or right of your screen.
3. Locate Custom Indicators in the Navigator window, and if it is not expanded, click the [+] to expand.
4. Locate SL+TP-OE Pip Calc Indy – V2, highlight, and right-click to reveal the selection window.
5. Click Modify on the selection window.
6. You will now be in the MetaEditor with SL+TP-OE Pip Calc Indy – V2 loaded in the MetaEditor.
7. If any other indicators are loaded, it would be best to unload them before beginning any editing - right-click on the relevant tab and click Close.
8. You can now begin editing – follow the instructions below.
9. After every edit/modification, run Compile and check for errors.
An example can be found here.
Note:
If you get stuck and can’t figure out why it will not compile without error, use the left undo arrow to take you back to a point when it did compile successfully.
Compile and check for errors after every modification, and you will be fine.
Find this code which is immediate top when the code editor is accessed.
Disclaimer:
All downloads and documentation are offered, as is, as educational material, as of 2026.

You may also like: LR M - Fast Calculation Indicator - excellent alternative for indicator users on MetaTrader 4.

#property copyright "robotfx"
#property indicator_chart_window 
extern string pips_or_fractional_pips = "fractional pips = points / 3 & 5 digit pricing";
extern bool   fractional_pips  = true; // modification examples: = false; 
extern string hide_options;
extern bool   hide_order_type_text = false; // modification examples: = true;
extern bool   hide_orderticket = false; 
extern bool   hide_sl_tp_price = false;
extern bool   hide_pip_text = false;
extern bool   hide_sl = false;

.......

• 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.