sl calculator
Info
The sl calculator is a Indicator for MetaTrader 5 that the indicator calculates and shows in the price chart panel:the size of possible loss at closing all the positions available on the account by their stoploss orders; the number of positions that have or do not have the stoploss orders placed by the indicator; number of buy and sell positions on the account and their total profit/loss. it has eight input parameters:panel corner- chart corner, to which the panel is attached;panel x offset- horizontal offset of the panel from the base corner;panel y offset- vertical offset of the panel from the base corner;panel background color- panel color;panel border color- panel border color;loss value text color- value text color of possible loss;positions text color- data text color of the positions on the account;panel transparency- panel transparency (255 means complete opacity)*.
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 sl calculator
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
the indicator calculates and shows in the price chart panel:the size of possible loss at closing all the positions available on the account by their stoploss orders; the number of positions that have or do not have the stoploss orders placed by the indicator; number of buy and sell positions on the account and their total profit/loss.
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 ADR Calculator MT5 - Professional Average Daily Range Indicator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Pip Value Calculator MT5: Professional Pip and Point Value Calculator for MetaTrader 5 - similar indicator with strong performance on MetaTrader 5.
the indicator calculates and shows in the price chart panel:the size of possible loss at closing all the positions available on the account by their stoploss orders;
the number of positions that have or do not have the stoploss orders placed by the indicator;
number of buy and sell positions on the account and their total profit/loss.
it has eight input parameters:
panel corner
- chart corner, to which the panel is attached;
panel x offset
- horizontal offset of the panel from the base corner;
panel y offset
- vertical offset of the panel from the base corner;
panel background color
- panel color;
panel border color
- panel border color;
loss value text color
- value text color of possible loss;
positions text color
- data text color of the positions on the account;
panel transparency
- panel transparency (255 means complete opacity)*. * panel transparency cannot be set to less than 48.
fig.1 panel anchored at the lower right corner. default colors.
fig.2 panel anchored at the lower left corner. colors and transparency are not set up by default.
You may also like: Portfolio Correlation and Margin Risk Calculator - excellent alternative for indicator 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.