n Profit and Loss Positions
Info
The n Profit and Loss Positions is a Library for MetaTrader 5 that profit_and_loss_positions - position profit/loss calculator purpose plug-in file for calculating the total profit or loss of trading positions with filtering by type and magic number. Main function Profit_Position(string p_l, string type_pl, long magicNumber) Calculates the total profit or loss of positions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use n Profit and Loss Positions
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
Profit_and_Loss_Positions - Position Profit/Loss Calculator Purpose Plug-in file for calculating the total profit or loss of trading positions with filtering by type and Magic Number.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: AT R Based Stop Loss Manager - another powerful library for MetaTrader 5 traders.
Profit_and_Loss_Positions - Position Profit/Loss Calculator PurposePlug-in file for calculating the total profit or loss of trading positions with filtering by type and Magic Number.
Also recommended: Tally for Wins and Losses - similar library with strong performance on MetaTrader 5.
Main function Profit_Position(string p_l, string type_pl, long magicNumber)Calculates the total profit or loss of positions.
Parameters:
p_l
- calculation type: "Profit" ( profit) or "Loss" ( loss)
type_pl
- type of positions: "All" , "Buy" , "Sell" , "Sell"
magicNumber
- filter by magic number (0 = all)
Returns:
total profit/loss in deposit currency
Examples of use Practical application For traders:
Monitoring
current results
Analyse the
effectiveness of strategies
Risk
control For developers:
Risk
management
in experts
Creating
trade reports
Implementing
closing conditions
Features
Works
only in MetaTrader 5
Supports
Magic Number filtering
Returns
amount in deposit currency
Efficient
position override
How to connect
You may also like: Stop Loss trailing classes library for MQ L5 - excellent alternative for library users on MetaTrader 5.
⚠ 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.