i-Total Stop Indicator
Info
The i-Total Stop Indicator is a Script for MetaTrader 4 that this indicator displays the total amount of money that could be lost if stop-loss orders are triggered on all open positions. In addition to the monetary loss, the indicator also shows the percentage of the deposit that is at risk.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use i-Total Stop Indicator
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
This indicator displays the total amount of money that could be lost if stop-loss orders are triggered on all open positions.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: e-move slt pby mouse: intuitive stop loss and take profit management - another powerful script for MetaTrader 4 traders.
This indicator displays the total amount of money that could be lost if stop-loss orders are triggered on all open positions.Also recommended: trailing stop for all orders - similar script with strong performance on MetaTrader 4.
In addition to the monetary loss, the indicator also shows the percentage of the deposit that is at risk.
The displayed information is straightforward, featuring two numbers representing the percentage and the amount in the deposit's currency, along with the text "Stop Level".
The color and anchor corner of the display block can be customized via the indicator's external parameters:
- symbol: Specifies the trading instrument.
- ectext: Sets the text color.
- eicorner: Defines the anchor corner (0 for top-left, 1 for top-right, 2 for bottom-left, 3 for bottom-right).
You may also like: Mod Stop Reverse v7 with Alligator Indicator - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 0
extern string symbol = "GOLD";
extern color ecText = Navy; // Цвет текста
extern int eiCorner = 2; // Номер угла привязки:
void init()
{
Comment("");.......
⚠ 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.