Indicator for setting stop loss and take profit.

A multifunctional tool with which you can obtain information on several parameters at once.

MetaTrader 4 will be useful as an assistant when trading in the trading terminal; it has only a few settings, as well as the ability to change the colors of the information display.

Download stop loss and take profit indicator.

After installing the indicator and adding it to the desired chart, a lot of different information appeared on the screen, including some that was not entirely necessary, which stubbornly returned to its place even after deletion.

• Your balance at the moment is the initial amount on the trader’s deposit.
• Your funds at the moment – ​​the amount of money taking into account profit or loss on open positions.
• Available funds – taking into account the financial result and collateral for an open transaction.
• Spread – an indicator of the current spread, a rather useful function for those who trade using a floating spread.
• The cost of one point – for a given currency pair, is indicated taking into account the signs in the quote.
• The lot you set – is set in the indicator settings.
• Indicator – with such a take profit you will have such and such a profit, the amount of profit depending on the set take profit.
• Indicator – the amount of losses depending on the set stop loss.
• Balance sheet balance including profit or loss.
• Your type is BUY or SELL - the selected direction of transactions, set when making the indicator settings.

Order placement levels are displayed on the chart of a currency pair as two lines of green (profit) and orange (loss).

Basic settings of the indicator for setting take profit and stop loss.

BUY – the direction of future transactions, set true for an uptrend, or false for calculating the levels of stop orders for sale.

Line ASK – displays an additional reference line, which is located next to the price.

Lot – predicted Forex lot size , transaction volume.

TekstSize – font size, you can leave it at default or make it a little smaller.

When setting stops, you should focus on the lines, and not on the text readings of the stop loss and take profit indicator, since I personally was not able to achieve correct data output.