Profit and Losses represented in Pips
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Profit and Losses represented in Pips
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.
Description & Settings
Do you want to see your total Profit Losses in pips instead of seeing it in points or in your deposit currency and regardless of volume? Well this very simple script allows you to do exactly that, see your current Profit or Losses in Pips. This is a
utility script
so it does not open close any trade. Tested only on FOREX.
Once the script has executed you can see in the Experts Tab the following information:
The total sum of all your Profit and Losses in Pips
The Profit or Loss of each individual position in Pips
The sum of just your Profit in Pips
The sum of jus your Losses in Pips
