Account Watch - Control entries
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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]
