Exposure Calculator
Info
The Exposure Calculator is a Script for MetaTrader 5 that this is a tool to calculate the summary assets of each currency. Introduction to Exposure CalculatorThe Exposure Calculator is designed to provide a summary of assets for each currency, making it particularly useful when managing multiple positions.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Exposure Calculator
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.
What this tool does
This is a tool to calculate the summary assets of each currency.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Position Size Calculator for Risk-Based Lot Sizing - another powerful script for MetaTrader 5 traders.
This is a tool to calculate the summary assets of each currency.Also recommended: close profit positions: instant exposure management - similar script with strong performance on MetaTrader 5.
Introduction to Exposure Calculator
The Exposure Calculator is designed to provide a summary of assets for each currency, making it particularly useful when managing multiple positions.
It allows users to easily calculate and view the total exposure for each currency, helping to simplify the process of tracking and managing investments.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
int valutoindex(string sindex) // in=valu_string; out=index_of_valu;
{
if(sindex=="eur") return(0);
if(sindex=="usd") return(1);
if(sindex=="jpy") return(2);
if(sindex=="chf") return(3);
if(sindex=="gbp") return(4);.......
⚠ 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.