Show Pips
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Show Pips
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.
Description & Settings
This information indicator allows you to always be aware of the current account status.
The indicator displays the following data: profit in points, percentage and currency, spread of the current pair and the time until the bar close on the current timeframe.
You can select one of the different info line location types:
To the right of the price (follows the price);
As a comment (in the upper left corner of the chart);
In the selected corner of the screen.
Data separator is also adjustable:
|
/
\
#
The indicator is easy to use and very informative. You can turn off unnecessary information in the settings.
Parameters
Type of appearance
- info line appearance type. There are three options:
Follow the price
- following a price;
As comment
- to be shown as a comment;
In selected corner of the screen
- to be shown in the selected chart corner.
Graph corner for attachment
- if the 'In selected corner of the screen' display type is selected, this parameter allows selecting the corner;
Show profit?
- enable/disable display of profit in the deposit currency;
Show profit in percents?
- enable/disable display of profit in the deposit currency;
Show spread?
- enable/disable display of the current spread;
Show time to bar closure?
- enable/disable display of time remaining until the close of the bar;
Text color
- the color of the text;
Profit color
- the color of the text when there is floating profit;
Loss color
- the color of the text when there is floating loss;
Separator
- line data separator. The parameter may have five values: "|", "/", ".", ''\", or "#";
Y coordinate
- Y coordinate (if "In selected corner of the screen" is selected as the appearance type);
Indent in bars
- indent from the current bar, in bars (if "Follow the price" is selected as the appearance type);
Font size
- text font size;
Font
- text font; Display examples
