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Show Pips Indicator
Info
The Show Pips Indicator is a Expert Advisor for MetaTrader 5 that this indicator provides real-time account status updates. It displays the following information:- Profit in points, percentage, and currency- Spread of the current pair- Time until bar close on the current timeframeYou can customize the display by choosing one of the following info line locations:- To the right of the price (following the price)- As a comment in the upper left corner of the chart- In the selected corner of the screenThe data separator is also customizable with the following options:- |- /- \- #The indicator is user-friendly and allows you to disable any unnecessary information.
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 Show Pips Indicator
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
This indicator provides real-time account status updates.
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: pipser ea: one-click trading expert advisor - another powerful expert for MetaTrader 5 traders.
This indicator provides real-time account status updates.Also recommended: 20/200 pips: a simple and profitable expert advisor - similar expert with strong performance on MetaTrader 5.
It displays the following information:
- Profit in points, percentage, and currency
- Spread of the current pair
- Time until bar close on the current timeframe
You can customize the display by choosing one of the following info line locations:
- To the right of the price (following the price)
- As a comment in the upper left corner of the chart
- In the selected corner of the screen
The data separator is also customizable with the following options:
- |
- /
- \
- #
The indicator is user-friendly and allows you to disable any unnecessary information.
Parameters:
- Type of Appearance:
- Info Line Appearance Type: Choose from three options:
- Follow the Price
- As Comment
- In Selected Corner of the Screen
- Graph Corner for Attachment: Select the corner if 'In Selected Corner of the Screen' is chosen
- Show Profit? Enable/disable profit display in deposit currency
- Show Profit in Percents? Enable/disable profit percentage display
- Show Spread? Enable/disable spread display
- Show Time to Bar Closure? Enable/disable time remaining until bar close
- Text Color: Color of the text
- Profit Color: Text color when there is floating profit
- Loss Color: Text color when there is floating loss
- Separator: Data separator with options: '|', '/', '.', '\\', '#'
- Y Coordinate: Y-axis coordinate for 'In Selected Corner of the Screen' option
- Indent in Bars: Indent from the current bar for 'Follow the Price' option
- Font Size: Text font size
- Font: Text font
You may also like: PipsOver Expert Advisor: Chaikin Oscillator and Moving Average Strategy - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.