account watch - control entries
Info
The account watch - control entries is a Indicator for MetaTrader 5 that if you can't watch your statistics and your game plan at all time, your emotions will take control and you will start taking entries such as revenge trade especially when you lose it. so that is why i wanted to keep an eye on my stats and my game plan at all time, in order to control my emotions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use account watch - control entries
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
if you can't watch your statistics and your game plan at all time, your emotions will take control and you will start taking entries such as revenge trade especially when you lose it.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Account Health Monitor MT5 - Professional Account Health and Risk Monitor - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Drawdown Monitor MT5 - Professional Account Risk and Drawdown Dashboard - similar indicator with strong performance on MetaTrader 5.
if you can't watch your statistics and your game plan at all time, your emotions will take control and you will start taking entries such as revenge trade especially when you lose it. so that is why i wanted to keep an eye on my stats and my game plan at all time, in order to control my emotions.i came up with this indicator that will allows me to keep an eye on my statistics and my daily target.
this indicator has three input that will allow you to specify:
start date
: identify the range of date that you want to see its statistics. so you need to set a start date and the indicator will keep calculating your stat since this starting date till now.
daily target in %:
identify your daily target. for example, if you daily target is 2%, type 2
as you can see in the image above
date range
: from start date till now
target
: represent your daily target in % and will calculate it in amount over your account balance
expectancy
:
closed positions (20)
: 20 trades during this date range
net profit
: net profit during this date range [total amount win / total amount lost]
% win/loss
: [total number of win / total number of loss] [% win / % loss]
avg win
/ loss: [avg win / avg loss]
You may also like: Quantora Drawdown Monitor MT5 - Professional Account Risk and Equity Drawdown Monitor - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_plots 0
#include <functions.mqh> // migrating functions from mql4 to mql5
#include <createobjects.mqh> // draw rectangles and labels
input color cfontclr = c'255,166,36'; // font color
input datetime dstartingdate = d'2020.08.01 00:00:00'; // start date
input double dtarget = 10; // daily target in %.......
⚠ 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.