Profit labels for closed trades (deals)
Info
The Profit labels for closed trades (deals) is a Expert Advisor for MetaTrader 5 that a simple demonstration to show how it's possible to code profit and loss labels for the most recently closed deals. This EA will place dummy trades, so you can see how it looks in the strategy tester.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Profit labels for closed trades (deals)
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
A simple demonstration to show how it's possible to code profit and loss labels for the most recently closed deals.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: 20/200 pips - Simple profitable Expert Advisor - another powerful expert for MetaTrader 5 traders.
A simple demonstration to show how it's possible to code profit and loss labels for the most recently closed deals.
Also recommended: Exp To Close Profit - similar expert with strong performance on MetaTrader 5.
This EA will place dummy trades, so you can see how it looks in the strategy tester. The labels will only form on deals from now onwards (not on trade history).I coded a solution using the Canvas library, and also the standard library. There are two inputs which can give you the option between using Canvas vs. using text and rectangle objects from the standard library. Feel free to improve upon the code if you think there's yet again a better solution.
Using canvas:
Using standard objects:
You may also like: Profit Loss Calculator - excellent alternative for expert users on MetaTrader 5.
⚠ 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.